VIKES TRADING FLOOR

NZDJPY BEARISH OUTLOOK. Formation of M-pattern. Breach of neckline to the lower side. Looking for a retracement of price to the bearish OB around 90.750-ish region to consider scaling into short positions.

NZDCAD BULLISH OUTLOOK. Market is in a bullish rally with clear formations of Higher Highs and Higher Lows. There is formation of equal lows where price has moved down to sweep off liquidity. Price has currently tested our Bullish OB, which confluences with Fib level 70.05%. We will be looking for structural shift in lower TFs to Bullish Scenarios to consider taking long positions. Happy trading week traders.

NZDUSD BEARISH OUTLOOK. M pattern formation. Divergence of price and momentum.

GBPUSD Bearish outlook. M pattern formation. Divergence of price and momentum. Price is bouncing off a bearish OB.

EURAUD BULLISH OUTLOOK. W-pattern formation. Divergence of price and momentum.

EURZAR BEARISH OUTLOOK.
Price is in a clear downtrend due to formation of a series of LLs and LHs. Price is currently approaching a bearish OB. We will be looking for a CHoCH in the lower TFs to consider scaling into short positions.