Bullish USD from Yellen, but bullish CAD from oil, hourly RSI above 60 which signals buying, but perhaps a safer pair to trade now is EU and UJ wolfradar.com
nice confluence support/resistance, look to go long at psychological level 0.8
given the short term outlook just turned bullish, long entered. notice this support goes back to 2000, what more to say, up or down, big moves ahead, my moneys on the dollar because Japanese Yen looks like a bubble that is about to pop!
RBNZ rate cut expectation for tonight, range in place?
RSI Divergent, Price crossed EMAs for the first time in the past week
stop loss on a hourly candel close above the channel, tp at the bottom
watch out for this channel formation of the usdollar, EU is on the top of a down channel too looks to reverse
Seemed like a false breakout to the downside happened on the 22/07/2016, now coming back above the trendline, EMAs crossed and pulled back made a small new trend. if this uptrend breaks with price closes below on the hourly chart then I will get out regardless.
Despite what everyone is on about UC breakout, I entered this short anyway, for the second time since price is back at resistance. quite a small risk.
lets see if the CPI figures coming out of Canada in a bit could keep this wedge in shape.
quite a big range so reduce your position size!
cant really take credit for this but i took this long on the channel support, see if it plays out
My second short on this pair since yesterday, the first one closed out at 76.6, today seems even better to short on the channel resistance so im in !