USDCAD leaves multiple bullish clues after a test of a key daily support. One of those is a bullish breakout of a resistance line of a falling parallel channel on an hourly time frame. The pair may bounce today. Goal - 1.3685 ❤️Please, support my work with like, thank you!❤️
gbpaud is starting to form a neutral pattern, make sure first gbpaud breaks resistance or breaks support so you know where the next movement is going, but I think gbpaud will move up towards 1.844. So I recommend doing long positions
audcad is still moving in an uptrend channel but now there is potential for a short decline and the potential to continue rising again, just focus on looking for buys so that the risk is low
If a Candle on either daily or the 4-Hr Time Frame can close above the Support line, and also on the other side of the thick red Trend line, then, prepare for a leg up. We are still waiting for the right time to buy. One major determining factor is the upcoming FOMC meeting. If interest rate rises from there and the Fed signals even more rate hikes, then, it is...
AUD/CAD finally reached the support line (coming from our SELL call earlier on), and may be getting ready to start coming back up. If the daily support is steady, we will be looking at buying AUD/CAD at around 9028. Our Stop Loss will be around 8968. A candle on the 4-hr chart at the least must close fully above the Support line before we can BUY. Good luck fb...
Entered short positions on USDCAD looking for either a short term pullback from resistance or hopefully a longer term side ways move to test previous supportive areas.
Well price may not make very fast moves this week I want to catch something rather then nothing. So remember overall bias is short but I want to catch the retracement while we wait for the larger moves.
I will be looking for small positions for further downside this week but am aware we could be in a possible reversal situation still... overall on the daily I want to see price still make a push to the upside but I think we could be in for a bit of consolidation first! This is just my view so trade at your own risk and do your own analysis as well. Hope everyone...
⚠️SIGNAL 📊AUDCAD BUY 0.9719 ⚖️RR 1:2 📌SL 0.9750 ✅TP 0.9690 ✅TP 0.96700 ✅TP 0.9620
The price has touched the resistance with no apparent strength, we expect a pullback, so we decided to go long. 📊EURJPY BUY PRICE: 127.53 TP: 127.93 TP:128.33 SL: 127.13 R/R: 1/2
FX:USDCAD It has retested the strong zone and ready to fall down !!
According to my private data and strong previous analysis, I think that Dollar was really affected this year regarding all the events that happened. Pandemic situations, new president to White House, and other main events. Regarding this I think we might see the price go even further down this month with a high probability of reaching a area of (DXY -...
It is the AUD/USD 2hr chart. At present, it's rising by taking the support of the minor support trendline. The trend moves the same as the previous then, it will touch the following targets 0.7390 - 0.7422 . But if we analyze the trend, it's trying to break the minor support. RSI also shows the downtrend. So, if it falls, the trend will reach the following...
USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110 . At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles. I will update the downside scenario while it...
GBP/USD has broken the downtrend and started rising upward. But how far it runs? There's a hurdle ( 1.3016 ). It can take a reversal from the hurdle level for the levels of 1.2978 - 1.2923 . And the downtrend will resume after the breakout of the last target. What if it breaks the hurdle? I prefer to take a long position after the breakout of the hurdle level....
Here I took an Elliott wave pattern to set the next levels of this downtrend of USDCHF. Wherein expected wave 5 ends at/nearby 0.9061 . Hence, the day traders can short USD/CHF below the resistance line for the following targets: 0.9084 - 0.9076 - 0.9060 .
Rightnow, EUR/GBP at 4/1 value of Gann fan. There are more chances of collapsing compare to the bullish side. Day traders can sell for the following target price: 0.9080 - 0.9060 - 0.9040 and below. Hurdle: 0.9132 According to this chart, if FX:EURGBP crossover the hurdle level, the buy position can be initiate here. The bullish targets are described...
Here, I have used Gann Fan & Fibonacci Retracement to identify the next move of Gold Spot. Wherein, it is taking reversal from the 0.5 retracement value (highlighted by green square ). And now it's running under 3/1 & 4/1 Gann Fan value. According to this chart, gold will keep drilling upward up to $1940 . After that, it can fall for 0.382 value of...