Victoria's Daily Journal

[victoriajensen]

EUR/USD found some support at 1.1580 and after forming several spinning top candlesticks at that level on the four-hour time-frame it bounced off from the aforementioned support. Next target is likely at 1.1650.

 

[victoriajensen]

EUR/USD fell down to 1.1530 before it finally began moving to the upside again, breaking out below te 1.1580. It is now testing that level again, which has turned from a support into a resistance level. A breakout above it could lead to another move to the upside towards 1.1600.

 

[victoriajensen]

EUR/USD broke out above 1.1600 and reached a high at 1.1640. The move to the upside will likely continue and next target will probably be at 1.1700.

 

[victoriajensen]

AUD/USD continues consolidating above 0.7150 and there is no signal for a likely breakout to the downside. The pair may retrace back towards 0.7250.

 

[victoriajensen]

The pair couldn't rise higher than 0.7210 and now the move to the downside continues. It broke out below the last low at 0.7145 and next target will likely be around 0.6900.

 

[victoriajensen]

AUD/USD is testing the support at 0.7100 but considering how bearish it still is it will likely break out below that level and continue falling.

 

[victoriajensen]

The pair has broken out below 0.7100 but it is still consoliating sideways. That said, the trend is bearish and next target will likely be at 0.7000.

 

[victoriajensen]

AUD/USD bounced off from 0.7085 and is currently retracing back towards 0.7200, which is the (MA)89 indicator on the four-hour time-frame. That said, for now there is no signal for a trend reversal.

 

[victoriajensen]

EUR/USD bounced off from the (MA)89 indicator on the daily time-frame yet again, this time from 1.1700. Next target is likely at 1.1630 - 1.1620.

 

[victoriajensen]

The AUD/USD retracement to the upside was temporarily after all. The pair is currently falling back towards 0.7100 and next week it may break out below that level.