Selling EURCAD for over 170 pips and then buying
USDCHF on the weekly time fame formed a bearish pin bar and at the same time an outside bar candlestick combination amidst a down trend. as well as the bearish pin bar testing the 200 period moving average it also acting like a resistance. on top of that its at a level of the previous lower low hence a level of value. not forgetting that the pair is in a range on...
AUDNZD also just like AUDCAD. It has also approached a resistance at the previous higher high and also the highest point of the bearish channel.. Also the current price has tasted the 200 period moving average taking this also as part of the resistance and also current price being below it. Then from a Top down analysis On the mothly, price seems to have hit the...
AUDCAD seems to have approached a strong monthly level of Resistance and also with in the bearish channel is seem to be approaching the highest point of the upper trend line but kind of blocked by the strong monthly resistance at level 0.91176. Soo here we expect a pullback unto level 0.89147 then a retest back the monthly level. we then anticipate the price...