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USD/CAD further upside to come...The USD this year has been nothing but bullish throughout. Fundamentally and technically which has lead stock, futures and commodities is certain strong directions which is fair to say has had a worldwide effect. Further technical are showing USD not to be slowing down anytime soon. USD/CAD long term prices could be found above 1.5000 and up towards 1.6000 in the distant future to come. But with more immediate anticipations around the 1.4000 handle further buying spots may now be present.
Long
by FTUKcom
1
Analysis of my 80 pip Gold Buy!Analysis of my 80 pip Gold Buy! Monday was extremely bullish. Huge gains were made. Very importantly too, gold closed above this massive trend line which started on August 25'th. These two reasons gave me look for more bulls today and buy up. I bought on the candle with the arrow. At first, it looked as if a double top was going to be formed. A push up, consolidation, drop down, Bullish harami, Large bullish candle followed by a doji. The Doji was a bit more confusing, however, I remembered the overall bias for today along with the trend line consolidation, and waited for a good chance to buy. Thankfully, I was able to hold it long. I originally picked an extremely far tp goal. I believed that if I held it long enough, I could make a lot of money. That faith helped me to hold for 80 pips. I've seen other traders trade for 80 pips and I believed that I could too.
OANDA:XAUUSDLong
by Shanktown
$USDJPY | Finally A CeilingI think we finally can mark this top area as a massive resistance point for USDJPY as this is it's 2nd go around of a peak and seems to be a free fall. Massive areas of volume have been respected as long as possible but seems like a potential breakdown can occur with little to no air coverage. Could see the gas leaving the rocket ship as soon as it entered the resistance zone. Took a short trade based on RSI and the previous resistance point being respected. Target 100 PIPS with 1:1 My numbers: Entry: 144.404 Take Profit: 143.457 Stop Loss: 145.417 Currently in profit so moved my STOP LOSS to HALF of current profit. Sitting at 144.170
Short
by CryptoHotep