For more resources on the NZDUSD, please visit the New Zealand Dollar Currency Room. Updates will be posted throughout candlestick the week at fundamental analysis tutorial the Candlestick forum. Continue holding short EURUSD at 1.5510, looking to add. Last week, we pointed out that NZDUSD was trading in a downward-sloping channel tempered by the now-familiar positive divergence with the RSI oscillator. Updates will be posted throughout the week at the Candlestick forum. For more resources on the USDJPY, please visit the Japanese Yen Currency D/CAD Is Canadian Dollar strength candlestick ahead. Prices have now settled in a familiar congestion region broadly defined in forex traders india the 1.1472-1.1987 area. We will move from a bullish to a neutral bias at this point as let price action develop and yield indications of a directional preference.
As such, we will remain on the sidelines for now, expecting said upswing to yield a selling opportunity forex trend trading system in the coming weeks. Updates will be posted singapore technical analysis software throughout the week at the Candlestick forum. Whereas EURUSD broke above its Falling Wedge, the Pound has seen its trading ranges contact as the pair is trapped between the wedge top and the late-October bottom near 1.5528. GBP/USD Strategy Pending short. As such, we will retain last week approach, waiting for an upswing to yield selling opportunities to position for long-term US dollar technical analysis nse strength. Last week, we suggested Euro price action was setting up a Falling Wedge bullish reversal formation, with confirmation offered by positive divergence with the 14-day RSI oscillator.
The pair is now trading at 1.2736 bringing our floating profit to around 2774 pips. Updates will be posted throughout the week at the Candlestick australia trading analysis software forum. As this move gets underway in earnest, we will look for ebbing bullish momentum to add to our short exposure expecting the down trend to resume its course. USD/CAD Strategy Flat. Move stop loss to 1.4893. We placed our bets on a rebound in risky assets, implying comparison with amibroker metastock weakness in the Yen that should send USDJPY higher. We will continue to look for our preferred scenario to develop, aiming to position short once the pair corrects higher.
Updates will be posted throughout free organizational chart downloads the week at the Candlestick forum. Potential now exists for a Head and Shoulders bearish reversal pattern with a amibroker review neckline at the aforementioned range bottom. This view has been partially validated. AUD/USD Strategy Pending Short. USD/JPY Strategy Flat.
As it stands, we maintain that an upswing remains the likely next move from here. Next soft target aims for a test below 1.2160. For more resources forex autopilot reviews on the GBPUSD, please visit the British Pound Currency RoomUSD/JPY Yen stalls ahead of key 100.00 level Last week we found the Yen poised to test support-turned-resistance at 99.12 at a downward-sloping nyse trading analysis software trend line connecting daily highs since late September.
For more resources on the AUDUSD, please visit the Australian Dollar Currency Room.NZD/USD New Zealand Dollar positioned for gains New Zealand dollar positioning remains in line with that of its Australian counterpart. NZD/USD shooting star candlestick Strategy Pending short. Indeed, we have seen AUDUSD break above the channel upper boundary and consolidate to establish a base from which to move higher. For more resources on the USDCAD, please visit the Canadian Dollar Currency financial analysis software Room.AUD/USD Australian Dollar bullish leg underway The past fundamental analysis equities month has seen the Australian dollar oscillate lower in a downward sloping channel. Here too, a breakout above the channel upper boundary has given way to consolidation (in this addy above the 0.5776 level). futures charting software This was to yield a bullish correction to offer a new selling opportunity. To contact Ilya regarding currency converter google finance this or other articles he has authored, please email him at. Last week, we noted a steep divergence with the RSI oscillator, pointing to the conclusion that metastock bearish momentum is losing steam.
The Euro, Australian and New Zealand Dollars, and Canada all have broken above resistance and now consolidate ahead of a bullish push that promises short entry opportunities for long-term greenback bulls. For more resources on the australia trading analysis software EURUSD, please visit the Euro Currency Room.GBP/USD British Pound lags other majors, but bullish move live stock market watch remains likely Broadly speaking, GBPUSD positioning is little changed from last week. Indeed, EURUSD broke above the Wedge top but has since turned range-bound. EUR/USD Euro breaks higher, pauses to consolidate We sold EURUSD at 1.5510 having identified a Long Black Candle that canada technical analysis software closed beyond trend line stock market analysis forex support. The US dollar has taken a step back against the major forex currencies. We continue to see divergence with the RSI oscillator, making the lyon that a bullish breakout is still in the cards. Last week, we noted that financial analysis software USDCAD reversed its recent rally following a test at 1.13, showing a Dark Cloud Cover candlestick formation and breaking lower to take out support trend line that had been in effect since late September. USDJPY indeed broke above trend line resistance but significant upside failed to materialize, with prices settling in a range below the key 100.00 level.
With nyse trading analysis software no significant evidence to suggest otherwise, we will hold to last week strategy and remain on the sidelines as the pair yields singapore trading analysis software confirmation of a directional bias.