H4 time frame. Structure: Uptrend. The downtrend showed a divergence signal and the price broke through Key level 0.73800. Here, waiting for a confirmation retest signal and a bullish pattern to appear, a buying opportunity can be found. Profit target is 0.75000 price...
Price is on a bullish momentum. We see a potential buy entry at 0.73382 in line with 61.8% Fibonacci retracement towards our Take Profit at 0.7366 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party...
Price is on a bullish momentum. We see a potential buy entry at 0.73382 in line with 61.8% Fibonacci retracement towards our Take Profit at 0.7366 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At their Oct meeting the BoC surprised to put an early end to QE purchases and updated forward guidance to suggest an earlier lift off in rates by explaining that project economic slack to be absorbed by the middle quarters of 2022. The initial reaction was bullish as one would expect but...
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Price is below the 1st resistance at 0.73787 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Price could potentially bearish from 1st resistance at 0.73787 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension to 1st support at 0.73335 in line with Horizontal swing low and 61.8% Fibonacci extension. Our bearish bias is...
Price is currently reacting in between a descending trendline and an ascending trendline, forming a potential triangle. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 1001% Fibonacci projection and ascending trendline support. Our bearish bias is further supported by the Ichimoku...
Price is currently reacting in between a descending trendline and an ascending trendline, forming a potential triangle. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 1001% Fibonacci projection and ascending trendline support. Our bearish bias is further supported by the Ichimoku...
Bullish Indicators: 1) Support zone at 0.73294 Bearish Indicators: 1) Resistance zone at 0.74278 2) Downward trend Plan A: One can take short position on the rejection from the resistance zone of 0.74278 for the target of 0.73745 and 0.73387 Plan B: On contrary if pair break the resistance zone with a good bullish candle one can take long position for the target...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At their Oct meeting the bank surprised markets by decided to put an early end to their QE purchases and also updated their forward guidance to suggest and earlier lift off in rates by explaining that they now see economic slack being absorbed by die middle quarters of 2022. The initial...
CAD/CHF, short-term bullish on CAD due to BOC rate change and strategy to fight high inflation. Highest inflation in Canada in 18 years. Indicators support 40+ pip move.
Price is reacting in between the ascending channel, signifying an overall bullish trend. However, we can expect price to push down for alittle from pivot in line with graphical overlap resistance towards the take profit level 61.8% Fibonacci retracement, 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is further supported by price...
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Price has recently break out from the ascending trend line and can potentially retest the sell entry price of 0.74550 which is 50% Fibonacci retracement . Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% Fibonacci retracement level and 78.6% Fibonacci projection level. Our bearish bias is supported by our moving averages as...
Price has recently break out from the ascending trend line and can potentially retest the sell entry price of 0.74550 which is 50% Fibonacci retracement. Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% Fibonacci retracement level and 78.6% Fibonacci projection level. Our bearish bias is supported by our moving averages as...
Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions...
Price reacting in a potential triangle pattern . We can expect price to drop from the pivot level in line with the 88% Fibonacci retracement towards the take profit level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Our short-term bearish bias is further supported by the stochastic indicator where the %K line is abiding to the...
Price reacting in a potential triangle pattern. We can expect price to drop from the pivot level in line with the 88% Fibonacci retracement towards the take profit level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Our short-term bearish bias is further supported by the stochastic indicator where the %K line is abiding to the...