EA turned before hitting our level last week and we’re still waiting for signals on a number of other pairs too. There are quite a few potential levels so check out the details below:
AUDNZD – Long
AN is heading to demand with only red candles so far. It had a strong move away so we’re watching for a potential bounce.
EURAUD – Long/Short
EA turned and made a significant rally before reaching the demand we’ve been watching. It reversed but before hitting supply at the end of last week so now it’s in between two levels, both of which are worth watching.
EURCAD – Long/Short
EC seems to be trending down at the moment and we have supply above and demand below much like EA. I’m watching both to see what happens but I feel that we may hit the demand before price rallies back up to supply especially as the smaller level below it just held.
EURJPY – Long
EJ could be back in play as price looks like it’s returning to a level formed back in April this year. We’re still a way off yet but has been making lower lows so we’ll see what happens.
EURNZD – Long
Price bounced from the first demand I highlighted last week but did not make a convincing up. It hit SR then reversed. We’ve still got the other level down below if this one does break which looks likely at the moment.
EURUSD – Long
Price is in between two levels on the daily but we’re closer to demand than we are supply at the moment. Price has touched the demand twice already but has barely pierced the level so it’s still worth watching.
NZDUSD – Long
Price has retraced deep into the zone and rallied strong at the end of last week. I’ve still got my eye on this one for a potential move upwards.
USDCHF – Short
Price is heading back to supply on the daily. We’ve had a little pause before the level so we’ll see how PA progresses from here.
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