Weekly Analysis 10th Nov

Aussie/$

Daily bullish trend. Bearish momentum on 4hr held by upper decending trend line off 1st Nov highs. Fresh bullishness only just now being established off the Friday lows. 0.6540 is a critical obstacle and possible pivot point.

$/Yen

Analysis failed to include a very important bearish trend line pulled from the July highs of 2024 and January highs of 2025. The inclusion of this trend line drastically changes our analysis with shorts at the 78.6 fib around 154.00 whole number being critical.

$/Canada

Expected consolidation to develop around 1.4100 due to conflicting ideas. Our bias is to the downside with an eventual bearish breakout being the most likely outcome.

$/Swiss

A few ideas that might work. There is considerable pressure into 0.8075, which holds momentum. A large movement in either direction is possible from this level. Including slightly larger structure 0.8150 becomes our level that holds momentum and similar ideas can work here also.

Pound/$

The uncertainty around whether price ever broke below the daily trend line plays a role in traders perceptions this week. Finding support at the trend line at 1.3135 could develop into a good bullish movement as correct back to some fib level. A deeper test of this level is necessary before such a move is likely.

Europe/$

Somewhat clear environment with 1.1590 being the key area for multiple reasons. Whilst price is rising we will waiting. When we see bearish candles develop on larger time frames (12hr, daily) we will be close in time to our planned short.

Good Trading.