AUD/USD is testing the resistance at 0.6930. I think it will break out above it and continue climbing towards 0.6950.
This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; AUD/USD is testing the resistance at 0.6930. I think it will break out above it and continue climbing towards 0.6950....
AUD/USD is testing the resistance at 0.6930. I think it will break out above it and continue climbing towards 0.6950.
GBP/JPY continues depreciating, I think we may see it break out below 137.00 before the market closes today and then there will be another depreciation next week.
USD/JPY was very bearish when the market closed this week, next week the move to the downside will probably continue and we will see the pair depreciate towards 108.00.
USD/CAD found some resistance around 1.3570 and formed a shooting star at that level on the daily time-frame. Next target is likely around 1.3450.
GBP/USD dropped to 1.2555 before it bounced off from that support so it may continue moving north towards 1.2700 for now.
GBP/USD broke out above 1.2700 and it remains very bullish, so it will likely continue moving north towards 1.2800 too.
GBP/USD has formed a shooting star candlestick at 1.2745 but it remains bullish for now. If it breaks out above that resistance it will likely continue rising.
GBP/USD formed a second shooting star candlestick at 1.2745 and then it broke out above that resistance, proving both candlesticks were false signals for a reversals. The move north will probably continue.
EUR/USD is bullish for now, I think we will see it rally towards 1.1350 early next.
USD/JPY remains undecided but it has also formed a spinning top at 108.15 on the daily time-frame, so we may see it rebound from that level.
Last edited by mlawson71; 06-10-2019 at 03:32 PM.
Bookmarks