Good morning. I made a few changes to the site and it should load faster now.
Here are some charts worth a look today. Don’t forget it’s the NFP day (consensus: 184K)
Uptrend is losing steam after a good run started at $1.28. Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170.
Market sentiment: intraday – bearish, short-term – bullish
Potential trade strategy: to buy dips at 1.3150, stop below 1.3100, target at 1.3300
Here is a (zoomed-out) daily chart to see those nice trendlines. As noticed, resistance is again in-focus and a potential breakout would be a strong bullish sign for the EURUSD
The Aussie dollar has failed to recover past 93 in July and slipped below 89 two days ago. But yesterday’s reversal candle may suggest that a recovery is due
Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to buy on break of 89.10, stop below 87.50, target at 92.10
more or less the same story: maybe it’s time for a recovery above interim resistance
Market sentiment: intraday – neutral, short-term – bearish
Potential trade strategy: to buy on break above 1.1335/50, stop below 1.1300, target at 1.1500
have a great weekend