AUDCHF, 4H -The Aussie has been experiencing a down trend against CHF and NZD will be waiting for retracement and price action (PA) near or at resistance level.
AUDNZD, Daily
GBPJPY, 4H - Possible reversal to support, be extra careful volatile. Trade small units or not at all if you are not familiar with trading reversals.
The following FX pairs has potential for long trade opportunities.
EURGBP, Daily - Price is within the weekly resistance level. Watch for price as it may stall in this area. Note that this pair has been on tier lately a nice PA formation in the support level marked below is an opportunity to get long.
The EURO is showing strength against AUD and JPY. Broke out last Friday, I'm waiting for a pullback with good price action to get in.
EURAUD, Daily
EURJPY, Daily
These charts are telling us that the Japanese Yen is still weak compared to its Commodity Dollar counterparts.
NZDJPY, Daily - You can see even in the partial chart graphic that NZD is in an uptrend. The blue box indicated the Kiwi took a breather before breaking out higher. I consider that trading action in favor of the bulls. BTW, the note says waiting for retracement look for PA maybe in the 4H chart.
AUDJPY, 4H - Possible retracement back to the breakout point. AUDJPY daily chart is quite similar to NZDJPY daily chart although in my opinion I like the NZD better.
USDCAD, Daily - Broke out. Waiting for retest of support level blue line.
USDJPY, Weekly chart we've seen the US Dollar ripping out the Yen for quite sometime actually since November 2012. It is now facing its weekly wall of resistance. Watch closely as we approach the area with the blue lines. Remember price does not need to touch these lines. It can reverse near the zone or go straight into it like a spear. Just be careful with this pair.
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