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NZD/CHF long off support

The NZD/CHF is looking to form another hammer, on the back of the 0.7585 support&resistance zone, and again looking to post a 3rd close above the kijun sen. We're trading above the kumo, we're trading in an ascending channel overall structure, we're trading RSI>50; all signs are positive as far as we're concerned. Therefore, we're buyers on a break of the recent highs, aiming towards the upper channel line, with a stop just below the kumo support.

GBP/AUD Plan in the case of trend-reversal
The GBP/AUD has completed an XABCD bearish pattern, and has since reversed sharply to the downside. It's currently slowing down a little, and may trade back higher. We feel that the 61.8% is where we'd like to see the pair show signs of bullish exhaustion, thus allowing us to try and catch the 3rd and long wave of the new bear trend. If the pair does trend lower, we may also look for some entry point in order to catch the 5th and concluding bearish wave.

EUR/JPY Range Trade

The EUR/JPY is ranging within a 100 pip range, as such, we're looking for a confluence between overbought stochastic and the top of range area at 147.400, at which point we'd look for a simple range trade with reasonable r&r as outlined in the chart.

Maybe one of your best analysis so far, all the clues from the chart are supporting the analysis itself. Keep it going!

EUR/USD flag pattern

The EUR/USD is looking to break a bullish flag, providing an opportunity to long the pair with the target back at the 1.2553 highs. This would complete an ABCD pattern, on the back of the 61.8% retracement holding. Ultimately, at that point, we'd be interested sellers, as we don't believe this pair has the legs to go on a bigger bullish move.

USD/CAD long at support
The USD/CAD is trading at a well defined support and resistance level, coupled with oversold stochastic and a good kumo future in supportive terms, and a clear up trend, we're happy to take a long position on the pair, with a tight stop and a plan to move it to break-even when we meet the latest swing high levels.

Our desired shorting area on GBP/USD
The GBP/USD is rallying, but the overall structure and overall trend of the market is still very bearish. With that in mind, looking at the 4H chart, our desired point of entry will be at a confluence between the long held descending trend-line, the 38.2% of the latest bear wave; the support and resistance+psychological factor 1.5800 level. Finally, we'd like to see RSI at around the 65 handle. If things materialize in this fashion, we're with-the-trend sellers, and we believe the pair will indeed break the recent consolidation zone.

USD/CHF Looking for Long
The USD/CHF is trading at a point of equilibrium, as can be seen by the fact that it's trading inside the Kumo cloud, at the Kijun sen and near RSI=50. The overall structure of the market is bullish, with an ascending channel, in which we're currently at supportive levels. All things concluded, we're buyers on a break of the kumo and recent triangular formation, aiming to attack the higher parts of the channel.

AUD/USD shorting plan
The Structure of the AUD/USD 4H chart is appealing to us. We're looking at a quite orderly down-trend, which supplies us with a reasonable looking entry. Our entry point is around the 0.8560 level, a level which has acted as support and resistance before, which coincides with the 50% of the beginning of the latest zigzag downwards. Our stop will be just above the latest swing high, as if it's violated the market conveys to us that bearish pressure is declining. Our initial target will be the recent lows, making for a solid 2.8 to 1 risk reward to begin with.

EUR/GBP support&resistance lines
For medium term technical traders of the EUR/GBP, here are some basic price levels we'd be paying closer attention on. We at Investing Academy always advise our traders to be ready for the market to reach their predesignated levels, rather than getting into the business of chasing the market and forcing traders.

GBP/NZD 1H price action analysis

The GBP/NZD is looking to break the long term descending trend-line; we see this breakout as a bullish signal, however we think the resistance level ahead may cause some selling. Therefore, we've outlined our general framework for the pair. We'd be willing buyers on a pullback towards the ascending trend-line, and willing short term sellers at the 2.026 resistance level.

AUD/NZD price action analysis

The AUD/NZD has broken down, followed by a retracement back to previous levels. We see this price action as a possible XABCD bearish zigzag formation, which coincides nicely with the support&resistance area at 1.08200 as well as the 50% fib. Given these considerations, our bias on the pair is currently to the downside. That being said, the pair did post some significant bullish candles, therefore, we're willing to change our minds, and as such, a break of the recent shooting star highs, would make us bullish again, aiming towards the supply zone at 1.08700-01.08760.

AUD/JPY Kumo Breakout

The AUD/JPY has broken the kumo to the upside; In addition, it has broken a longer term descending trend-line. The pair is also trading with RSI>50; putting it all together, we're bullish on the pair, but we would first like to see the resistance at around 101.345 being tested. At that point, selling may pull the pair back towards the kumo breakout level at around 100.785, which would make us interested buyers.

AUD/USD Possible Kumo Breakout

The AUD/USD is in the course of an impulsive move downwards; the pair is looking to break the kumo to the downside, it is also trading at RSI<50 and is pointing down in terms of momentum. We're bearish on the pair, however, we don't want to sell so close to the highlighted supportive zone and in oversold stochastic conditions. Therefore, we'd like to see the pair break down and then bounce back to the breakout area with some stochastic correction, at which point we'd be willing sellers.

USD/CAD Bearish Flag

The USD/CAD is correcting post bearish impulse. By the looks of it, we may be in the process of forming a bearish flag continuation pattern, of which the projected mesurement coincides with the previous major support at around the 1.1900 level.

Bullish Head&Shoulders on GBP/NZD 1H

We've outlined a possible bullish breakout of a head and shoulders pattern on the GBP/NZD 1H chart. This being the case, price has since dropped somewhat, however, this is still a bullish indication for us, so our bias is to the upside and we're following this market for buy signals.

AUD/NZD 1D Levels and Analysis

The AUD/NZD has reached a demand level, and looks to be in the midst of a possible bounce higher. We'd be buyers on a break of the descending trend-line, aiming towards the 1.09980 level as a profit target, with a stop just below the recent swing low. Alternatively, if the trend-line holds, and the pair trends lower, we'd be interested buyers on a round trip back to the 1.0650 area.

AUD/USD Breakout and Pullback

The AUD/USD 1H chart is showing a clear example of a breakout, followed by a corrective sequence back to the previous breakout level. In terms of shorter term momentum, the pair is looking very bearish indeed, as illustrated by the fact that the recent big selling candle was the equivalent move of what recently took 6 selling candles to achieve. Therefore, a break of the ascending line will trigger a momentum based short for us.

USD/CAD Long Term Analysis

The USD/CAD is still in bull momentum in the shorter and medium term. However, looking at the weekly chart, we can see we're fast approaching a key zone. This zone is at around the 1.1600 to 1.17250 handle, and is both a major supply zone as well as the 61.8% of the big 09-11 down move. Therefore, we'd be looking for a longer term short at these levels. In this regard, it is also worth mentioning that when we take a look at the overall price structure on the weekly, the bear move was far more impulsive than the long corrective sequence of which we are currently in. Fundamentally, this trade may also coincide with a basing and shift higher in oil prices, so that is also worth mentioning as a cross market reference point for a trade of this nature.

Silver Downwards Projection

Looking at the Daily chart of Silver, we can see an impulsive bearish move, followed by a wedge continuation type pattern. We have since broken the wedge to the downside for a further drop, with that in mind, the pattern's projection is at around the $12.57 per ounce level. This is our current suggested target area for those who are already short, and would also be an interesting area to buy silver if it does indeed drop further down.