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Trade ideas for Monday 16th October.NZD/JPYEUR/JPYEUR/USD
AUD/USD has now established a new range from 6580/70 up to 6790/6810. A high for the day exactly here on Monday so we remain in the 2-month range.Shorts hit my target & minor support at 6750/45. I...
Bullish: NZD/JPY is currently at 82.84 in a channel in a range. If we can break resistance here, we are looking for a continuation to the ATR Target/2.618 Fibo at 83.90 with a further...
NZD/JPY was trading higher for the last year, but the price action and wave structure overlapped, so it looks like bulls are running out of steam within a wedge shape. In the chart below, the ending...
AUD/USD lower to the next target of 6865/55 but a strong bounce from 6838 unexpectedly reached 6926. This only serves to emphasise the sideways trend, with a more positive hammer candle...
The currency market story this week contains many parts however initial focus is on deeply oversold wide range currency pairs: GBP/AUD, EUR/AUD, GBP/NZD, EUR/NZD, EUR/CAD, GBP/CAD. The primary...
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