This bullish movement shows that it is correction for selling impulse.
The falling support is showing potential falling towards demand zone. It is showing that sell is pulling price towards demand zone and buyers may start buying back up.
There is high tendency that eurcad will fall more to make lower low and touched the falling support before bouncing back to supply zone.
Price is yet to test the old low and it could test it before bullish trend begins.
GBPUSD is consolidating after breakout and price has retest the broken support and acting as resistance as at this period. If Price breaks the zone again, it might lead to massive buy. Before GBPUSD will buy, there is high tendency that liquidity is below 1.3000 key level. Price could spike down as low as 1.2900-1.2940 before bullish trend begins.
NZDUSD is showing ascending parallel channel and if it breaks out, it could be aiming demand zone to form double bottom.
There rising trendline is yet to break. There is high possibility for the to push to the high before falling.
There is high possibility that the price may retest the low before massive buy.
The possibility is high that GBPJPY is aiming double top before great sell.
Market price has broken structure to the down side. The current bullish move could be either retracement from the impulse that made lower low or the beginning of new bullish trend. Price could create divergence by making another lower low.
There is high tendency for GBPUSD to make sell impulse to clear sell stops before buying begins.
There is high possible move to retest the high or clearing stop losses above the high before massive selling begins.
USDCAD H4 is showing ranging and form of rejection from going down. Daily has shown breakout to downside and it is potentially continuing selling except bullish pushed the price back to the rising resistance.
USDCAD H4 is showing ranging and form of rejection from going down. Daily has shown breakout to downside and it is potentially continuing selling except bullish pushed the price back to the rising resistance.
CADJPY H1 breaks rising trendline but currently respecting H4 support level and H1 support level. Price is yet to break horizontal support which could be fakeout for rising trendline and retest of support level. It is more of double bottom as at the time of publishing this idea. It means buying but if H4 candle closed below the H4 support, that will result to...
CADJPY H1 breaks rising trendline but currently respecting H4 support level and H1 support level. Price is yet to break horizontal support which could be fakeout for rising trendline and retest of support level. It is more of double bottom as at the time of publishing this idea. It means buying but if H4 candle closed below the H4 support, that will result to...
CADJPY has been rising over 2 weeks plus and this third week may be the last bullish run. It is currently ranging to make higher high, another bullish impulse as it shows ascending parallel channel.
There is high supply of cad and creates weakness of cad. eurcad is possible aiming to rise to recent high