With a break of an 1hr trend line, I'm placing my bets that USDCAD is going to reach higher to at 1.3836 before making it's next move.
Bearish Trend overall, but scalpers can go long now and then, watch out for resistant and support.
Pushing higher. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640...
Strengthening. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further consolidation. • In the longer term, the technical structure favours a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and...
After a test and stop of 0.6555 levels on NZDUSD, we expect the pair to head back down to the lower trend line.
This is a scalp trade not the best but i chance to catch a quick 50 pips reasons for -Price has come to key area of 130.00 -Price has bounced of with two bearish candles -Price will need to make a move lower before any bullish movement -A small correction is needed A few more reasons to but not worth me going into detail :) Enjoy trade safe
After a fail to create higher highs, NZDUSD continues its downtrend to make possible lower lows
Potential double top reversal. Short Daily descending trendline Hourly double top forming Horizontal Resistance at 1.094 Bearish MACD divergence
SHORT TERM ANALYSIS: After a break of the 1.39359 resistance, USDCAD seem to going back to its bullish run. A clean retracement has been made and I expect USDCAD to go higher from here on. LONG TERM ANALYSIS: USDCAD flat for now long @ right now stop @ 1.393 region T/p @ 1.39755 region
Quick scalp on the Future US Dollar against the Brazilian real. It's a pullback trade, which means it's pretty risky on my concept. (You are trying to find a quick reverse with a poor r/r)
FX:AUDUSD After checking out some graphs and news I decided to enter around 0.7328 and take a profit around 0.7348
With USDCAD clearly breaking its downtrend and since then moving strongly to the upside, I will be looking to scalp some of this upward moving momentum. To prove that the downtrend has broken, and a potential uptrend has started price action has broken above the 200 EMA twice. After the first break out price retraced to 50% of the move which is also the previous...
With EURCAD testing the monthly support for the fourth time now and failing to move lower due to serious bullish momentum coming in as a result of the retest, it is clear that there is some strong buying power supporting the 1.46000 level. This buying power pushed price action right up to the resistance level of around 1.47200-1.47300 which is also the 200 EMA...
With EURGBP consolidating on the higher time frames my bias for this pair is bullish as it has just recently bounced off of some nice monthly support @ around .73400. However, I do not want to throw out the possibility of the market continuing lower so, in my analysis, I have drawn up two potential plays: one to the upside and one to the downside. Please note...
Scalp setup in the USD as it approaches a support zone The USD has been range bound, and likely to remain as no major fundamentals in play until closer to the Dec FED meeting. Longer term trend is bearish, in a down channel. Longer term wave count is also bearish, however the short term wave count indicates one more high is required to complete circle B. The...
Price came up to the 38.2 fib the 61EMA and horizontal resistance. Entering a quick short, if any of the resistance is broken I will exit.