GBPJPY rejected from wedge top GBPJPY has been rejected from a wedge top and a falling trend line 165. A confirmation of the downside reversal will come upon a break below 160, leading the pair downside to retest the support confluence 155-157 zone. Continuation higher is possible only on […]
GBPJPY is reversing lower Read More »
NZDUSD is breaking below the significant resistance After breaking below the significant resistance of 0.6550, the pair extends downside. We need to see a break above 0.6550, to invalidate the downside extension, which is now targeting 0.6000. There are no visible resistances on the downside before 0.6000 except for
NZDUSD is breaking below the channel Read More »
Oil is testing the 109 resistance. Oil is still in the consolidation, supported by the 95-100 zone. We need to see a break above 109, the ascending triangle resistance for the continuation higher to 130 again. Only a break below 100 will invalidate this scenario. This break above 109
Oil is testing the ascending triangle resistance Read More »
AUDNZD breaking above the 1.1000 for the first time after 2020 AUDNZD is breaking above the falling trend line from 2018. This breakout above the falling trend line resistance of 1.1000 indicates a strong upside reversal from a multi-year base consolidation. Support for the upside extension is 1.0950 and
AUDNZD multi-year falling trend line upside breakout Read More »
DAX consolidation before a significant move DAX is consolidating below 14100. A rejection from 14100 and a break below 13700 will lower the DAX to 12500. Only a break above 14250 will tend to invalidate the downside extension. DAX is moving in a narrow range during the latest US
DAX perfect storm is coming Read More »
