USD/CAD has broke a weekly support level of 1.28250. Can it drop to a previous weekly level of 1.24250? I'm sure we can all agree that it has been an interesting start to the new year. A ton of jobs have been lost unfortunately due to COVID-19 and the number continues to increase. With that being said I am curious about the NFP results tomorrow. I do feel price...
As I look at CAD/JPY I'm noticing higher highs and higher lows on the 4hr chart. I drew a bullish channel and I'm anticipating for more upward movement to the 81.500 and 82.000 level. If it breaks below the channel and below the support level 80.500 I'll be looking for a possible reversal.
Will Eur/Usd rise or fall? Either way from a technical standpoint I see some great setups. I do feel like the price will continue to rise to the 1.19500 area. If it doesn't, I'll be waiting for entries to the downside.
Looking at the CAD/CHF I see that a double top pattern formed. It is at a key level and the bears are taking control. For all of the swing traders out there this is a perfect setup for success. I'm more of a direct trader therefore I am a technical analysis type of guy. Currently the market is at 0.76945 and by the looks of it you should catch pips. I'm up $800...