Daily market overview Forex, Crypto

Daily market overview EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN

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USDJPY

The pair is breaking for the first time above strong wedge resistance 118. It is reaching 2015 extreme 125 and is breaking above it. Look at this like the final stage swing higher. We have a rejection from 150 and we could see a possible pullback to 137

Note: look for the short trade entries with a stop loss above 150

 

 

 

 

EURUSD

The pair is bouncing off the strong wedge support/resistance of 0.9600 and could go higher to 1.0000 retests which we have and a break above.

Note: look for the long trade entries with a stop loss below 1.0160

 

 

 

 

 

AUDUSD

 The pair is testing the strong resistance of 0.6180 for a possible bounce and a test of the upside resistance of 0.7000. Acceleration higher is expected above 0.6450

Note: look for the long trade entries with a stop loss below 0.6200

 

 

 

 

NZDUSD

The pair tests the strong support of 0.5600 and bounced for a test of 0.6000 and higher which we have now.

Note: look for the long trade entries with the stop loss below 0.5600

 

 

 

 

 

 

USDCAD

It is rejected from a solid long-term resistance of 1.3900  after the consolidation in the parabolic move. Look for the reversal here as the USD could pull back. We have a swift reversal targeting 1.3000.

Note: look for the short trade entries with a stop loss above 1.3900

 

 

 

GBPUSD

The pair is bouncing off the long-term wedge support of 1.04000 and is jumping higher for a 1.1500 retest. And we have a break above 1.1500 confirming a complete upside reversal.

Note: long trade with the SL below 1.1500

 

 

 

 

 

 

 

 

Bitcoin

The instrument tests the substantial downside of 18000 resistance.

Note: look for the long trade entries upon a break above 20500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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