Hellow Traders.
At present, I have a short outlook on USDCAD . I am not, however, completely bearish , I have some reservations--- but, should price breakout "decisively" from the rising trendline , then I am completely bearish!
On switching to D1 timeframe, it looks like bulls are facing a resistance than the pair is in a consolidation. Thus, a probable...
Good morning traders!
My views strongly changed on USDCAD. I'm heavily bullish. I previously relied on 4H timeframe, which furnished me with a bearish signal. However, the price action on D1 timeframe issued me with a revised bias.
Cheers.
It feel strongly inclined to believe GBPUSD may extend its recent highs by a margin or more. However, should a strong reversal candlestick form around the touch of the falling trendline, I may be forced to change my view.
Cheers!
NZDUSD has been giving off uncertain price action lately. On lower timeframes one may expect imminent breakout to the upside, but switching to larger timeframes the picture looks quite different--- we are still bearish, that is.
I expect price to continue a little further down based on the monthly timeframe before a trend reversal could play out. But that's...
A very good midnight from South Africa!
The persistence on the resistance line would indicate that price may break to the upside. But I doubt this inference based on the recent past price action that happened on 2019/06/18 - 2019/07/23.
Therefore, I am bearish. Let the market judge.
All the best!
A possible bullish opportunity on GBPJPY presents itself from Feb trendline. The confluence created by the horizontal support line gives added confirmation about the possible bullish rally.The bullish sentiment may be negated by the breakout and significant close below the trendline.
Entry: 150.669
Stoploss: 150.508 - 150.007
Take Profit level: 153.768
Take care.
