EUR/GBP Daily
A couple of options to potentially look out for here:
1) Price rejects the counter trendline and pushes downwards )look for a sell setup) and makes a new lower low.
2) Price breaks higher and the bigger trend (bullish) continues (look for a buy setup).
Patience needed here for more candles to print.
A couple of options to potentially look out for here:
1) Price rejects the counter trendline and pushes downwards )look for a sell setup) and makes a new lower low.
2) Price breaks higher and the bigger trend (bullish) continues (look for a buy setup).
Patience needed here for more candles to print.
π₯2
The word 'doji' comes from the Japanese phrase meaning 'the same thing'
In trading terms, the open and the close of the candle are close together and it has long higher and lower wicks.
It is a sign of indecision and can often be a reversal sign at support or resistance.
Occasionally, it can just be a pause in a strong moving trend.
In trading terms, the open and the close of the candle are close together and it has long higher and lower wicks.
It is a sign of indecision and can often be a reversal sign at support or resistance.
Occasionally, it can just be a pause in a strong moving trend.
β€3π3π₯1
On Friday, GBP/NZD broke and closed below the weekly trendline. Although the trendline shown begins around the end of 2024, the actual bullish sentiment extends many years back.
The smaller time frames may now identify if this is a false break or in fact a change in direction.
If it's a false break then look for bullish changes in cycle, double/triple bottoms or maybe an inverse head and shoulders pattern (amongst other things).
Whatever your view, look for a trade that meets your strategy rules.
The smaller time frames may now identify if this is a false break or in fact a change in direction.
If it's a false break then look for bullish changes in cycle, double/triple bottoms or maybe an inverse head and shoulders pattern (amongst other things).
Whatever your view, look for a trade that meets your strategy rules.
π―3β€1π1
With a daily bearish market in play, the last 3 daily candles show a continuation in the trend as #EURAUD sinks lower.
There is a possibility of a correction or consolidation now with price a little over extended from the moving averages.
Agree or disagree?
There is a possibility of a correction or consolidation now with price a little over extended from the moving averages.
Agree or disagree?
π―2π₯1π1
AUD/NZD Daily
A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
If the rising wedge forms after an uptrend, itβs usually a bearish reversal pattern.
With price forming this pattern and MACD divergence, look for a breakout lower and a sell setup that meets your rules.
A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
If the rising wedge forms after an uptrend, itβs usually a bearish reversal pattern.
With price forming this pattern and MACD divergence, look for a breakout lower and a sell setup that meets your rules.
π₯3β€2
NZD/USD Daily
Price has printed 2 bullish impulses recently with the 1st originating late last year and the 2nd from the January this year with a 382 pip move from 0.5711 to 0.6093
The current impulse could be over with the 1st bearish daily candle having printed. However this could just be a small pullback and continuation within the move.
When the impulse is complete, look for a bigger correction to possibly one of the Fibonacci levels as shown.
Price has printed 2 bullish impulses recently with the 1st originating late last year and the 2nd from the January this year with a 382 pip move from 0.5711 to 0.6093
The current impulse could be over with the 1st bearish daily candle having printed. However this could just be a small pullback and continuation within the move.
When the impulse is complete, look for a bigger correction to possibly one of the Fibonacci levels as shown.
π₯2π―2β€1π1
NZD/USD Daily & H1
With the daily chart looking bullish, traders may look to the smaller time frames for a long entry into the market.
H1 shows the moving averages in a bullish order which may provide an opportunity for a trade on any pullbacks.
The 20 EMA (shown in blue) can sometimes be where traders look for a test and rejection.
Look for a trade that meets your strategy rules.
With the daily chart looking bullish, traders may look to the smaller time frames for a long entry into the market.
H1 shows the moving averages in a bullish order which may provide an opportunity for a trade on any pullbacks.
The 20 EMA (shown in blue) can sometimes be where traders look for a test and rejection.
Look for a trade that meets your strategy rules.
β€3π₯1π―1
EUR/GBP Daily - With price having rejected the trendline for a third time, we see an area of resistance at 0.8720 where price has tried to break but has so far evaded the buyers.
A break and daily close above this price point could see the next move higher in line with the trend.
Look for a trade that meets your strategy rules.
A break and daily close above this price point could see the next move higher in line with the trend.
Look for a trade that meets your strategy rules.
π₯4π1
GBP/JPY Daily
Looking at this daily chart, we can see a clear break of the trendline and a change of cycle as we break the lows at 210.50 where we saw support multiple times over late December 2025 and January 2026.
It's possible that price may retest this zone/price point again where we could see a rejection or false break.
If you think the market sentiment has changed, look for a sell setup that meets your strategy rules.
Looking at this daily chart, we can see a clear break of the trendline and a change of cycle as we break the lows at 210.50 where we saw support multiple times over late December 2025 and January 2026.
It's possible that price may retest this zone/price point again where we could see a rejection or false break.
If you think the market sentiment has changed, look for a sell setup that meets your strategy rules.
β€2π₯2π―1
EUR/AUD Daily
Price has been bouncing off the EMAs regularly is the bearish trend.
Look for a trade that meets your strategy rules.
#fusionmarkets #euraud
Price has been bouncing off the EMAs regularly is the bearish trend.
Look for a trade that meets your strategy rules.
#fusionmarkets #euraud
π₯2π1