Swing Trading ideas - page 45

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EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1116 had completed at 1.1347 already. Further decline could be expected in the coming days and next target would be at 1.1200 area. Near term resistance is at 1.1300, only break above this level could trigger another rise towards 1.1350.
 
EURUSD extended its downside movement from 1.1347 to as low as 1.1181. Further decline is still possible after a minor consolidation and next target would be at 1.1100 area. Key resistance is at 1.1247, only break above this level could signal completion of the downtrend.
 
GBPUSD broke above 1.2605 resistance, suggesting that the downside movement from 1.2762 had completed at 1.2505 already. Further rally could be expected and next target would be at 1.2750 area. Support is at 1.2580, only break below this level could trigger another fall towards 1.2400.
 
Brexit in focus right now.
 
EURUSD failed to break below the bottom of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.0879. Further rise could be expected in the coming days and next target would be at 1.1100 area. Key support is at 1.0991, only a breakdown below this level would indicate that the upside movement had completed at 1.1062 already, then the following downside move could bring the price back to 1.0900 zone.
 
EURUSD’s upside movement from 1.0879 extended to as high as 1.1170. Further rise is still possible after a minor consolidation and next target would be at 1.1200 area. Near term support is at 1.1110, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.
 
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0879. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.1250 area. Near term support is at 1.1110, a breakdown below this level could bring the price back towards the trend line.
 
EURUSD broke below 1.1110 support, suggesting that lengthier consolidation for the uptrend from 1.0879 is underway. Deeper decline would likely be seen and the target would be at the bullish trend line on the 4-hour chart. However, as long as the trend line support holds, the upside movement could be expected to resume, further rise to 1.1250 area is still possible after the consolidation.
 
EURUSD’s pullback from 1.1179 extended to as low as 1.1093, facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation for the uptrend from 1.0879, another rise towards 1.1200 could be expected after the consolidation. However, a breakdown below the trend line support would indicate that the upside movement had completed at 1.1179 already, then the pair would find next support level at around 1.1000.
 
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6882. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.6760 area. The key resistance is at 0.6835, a break of this level would indicate that the downside movement had completed at 0.6809 already, then another rise towards 0.6900 could be seen.
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