This pair has formed a double top formation and today has broken the neckline. Expecting a further move down to previous lows.
The cross is recharging battery for a long term rise. The long term market pressure is near zero but the cross can't fall cause his strong short term saturation. We can except a long term rise of prices. This analysis is based on market pressure. To know more about market pressure and receive a free daily hints for all crosses visit my twitter profile....
AUDCAD is pricing a Higher Low (Highs/Lows = 0.0014) on the 4H Channel Up (RSI = 59.865, MACD = 0.001, B/BP = 0.0043). Our TP = 0.99115.
Price is approaching our first resistance at 0.9839 (horizontal overlap resistance, 50% Fibonacci retracement) where price might drop to our major support at 0.9750 (horizontal swing low support). Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk....
Price is approaching our first resistance at 0.9838 (horizontal swing high resistance, 50% Fibonacci retracement, short term descending resistance line) where a strong reaction might occur below this level pushing price down to our major support at 0.9745 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is...
AUDCAD is approaching our first resistance at 0.9838 (horizontal swing high resistance, 50% Fibonacci retracement, short term descending resistance line) where a strong reaction might occur below this level pushing price down to our major support at 0.9745 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is...
An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as...
Sell below 0.9839. Stop loss at 0.9885. Take profit at 0.9750. Reason for the trading strategy (technically): AUDCAD is fast approaching major resistance at 0.9839 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9750 (Fibonacci...
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EURJPY is testing strong resistance at 130.21 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here to push prices all the way down to major support at 125.16 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could...
AUDCAD is approaching resistance at 0.9961 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse from, causing price to fall to its support at 0.9839 (horizontal pullback support). Stochastic (55, 5, 3) is approaching resistance at 97% where a corresponding reaction could occur. Trading CFDs on...
GBPJPY is forming a nice reversal setup at 147.95 (Fibonacci extension, Elliott wave structure, bearish divergence) and a strong reaction could occur at this level to push prices all the way down to major support at 146.15 (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction...
AUDCAD is testing strong resistance at 0.9897 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9762 (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction...
$AUDCAD testing median line after finding resistance at upper parallel. Trend Bullish.
Based on a touch of the top channel , Target Circa 0.978 Low Risk high reward trade. As always DYOR and don't over leverage or trade money you cant afford to lose. We can only read the charts , not the future.
EURJPY is fast approaching major resistance at 129.05 (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 125.16 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is also seeing major resistance at 95% where a...
Trade what we see: Price has been in a bearish channel with a recent break to the upside. We have three bullish indicators: Moving Averages 23.8 Fib Level Support trendline (two of them)
AUDCAD recovered bouncing on an important support after a fall and is ready for another fall This analysis is based on market pressure. To know more about market pressure and receive a free daily hints for all crosses visit my twitter profile. You can find the link in my tradingview profile at www.tradingview.com near the name Have a nice trading !