OANDA:USDCAD The main tendency: Downward Period: Two of three months
The last technical analysis about EURJPY was correctly reached the target. Here I see no trend, just a horizontal channel is created and I am going to follow it. I will go short in the red zone with the target of green zone. Time interval for this trade is about half of a month after triggering the entry. Stop-loss level is above the red zone.
My view is an ascending trend as depicted. What is your idea? Do you agree?
AUD is getting power against its counterparts, I do expect an ascending trend for this currency. I will look for a long position after %50 retracement. Target and stop is shown. Gook luck.
I will go long after a mid-term retracement. I see AUD the winner for a period of at least 2 month. What do you think? Do you agree with this scenario?
AUDCAD has reached its old descending trend line and my technical view is a pullback toward the depicted target.
(I have rewritten this idea because of a misspelling in the title of the previous one, Sorry for inconvenience!) Today I was looking to the weekly charts of the pairs. For the USD counterparts, I saw that all (USD) pairs are placed in a bottleneck. A dilemma between breaking through the old trend-line or continuation of the trend! Below I have depicted this...
Today I was looking to the weekly charts of the pairs. For the USD counterparts, I saw that all (USD) pairs are placed in a bottleneck. A dilemma between breaking through the old trend-line or continuation of the trend! Below I have depicted this point for the pairs, a long-term view for the USD. In this situation, what is your prediction (share your thoughts...
Today I was looking to the weekly charts of the pairs. For the USD counterparts, I saw that all (USD) pairs are placed in a bottleneck. A dilemma between breaking through the old trend-line or continuation of the trend! Below I have depicted this point for the pairs, a long-term view for the USD. In this situation, what is your prediction (share your thoughts...
The prediction is that the pair is moving in a range and a channel.
Two things may occur: First, a downtrend condition which is confirmed after breaking the uptrend (green line). In this case, the pair moves in the purple channel. Second, an uptrend if the pair makes a high (break and close) above the resistance zone (red line). Anyway, I have chosen the first case ;-).
My view is to increase to the level 1.52, I will look for a short position there.