The US Dollar is trading in a triangle-like formation pattern against the Canadian Dollar. The currency pair tested the lower boundary of the triangle pattern at 1.3340 during Friday’s trading session. Currently, the exchange rate is trading near the bottom border of the pattern and could be set for a breakout. If this breakout occurs, the currency exchange rate...
Just an idea. The one with fibo .786 looks nice. At least, i think, we all wish it happen this way. :) Do your own research and share your ideas.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6865. TP4: R2=0.6885. Set the stoploss of these orders at breakout of S2=0.678. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
high risk ! this is not a signal ! dont open the position , thanks
Today's statistics on the US labor market may well disappoint. At least, this is indicated by data on the level of employment in the private sector from ADP. With an average forecast of experts in +190K, in fact the figure was +177K. Overall, there is nothing terrible in this figure. By itself, it is very, very good. The problem is that the States have become a...
Hey Traders, In our previous analysis we Bought EURUSD as a counter trade to our short analysis and it worked out well as expected for both BUY and SELL averaging in about (+200 PIPS) of Profit! Here we're looking at Bullish Swing after bounces of from 200D M.A EUR Zone Index and events this week are on priority and will be covering with there...
The USD/CAD pair made some miraculous movement upside after the US data release on Wednesday. However, the surge was unable to hold due to the weakness of the US Dollar. After hitting the 50.00% Fibonacci retracement level, the exchange rate has been gradually moving upwards, although this movement might be strengthened by the monthly PP at 1.2496. This...
USDCAD A.k.a The Loonie Has some Further Downside Potential. After the 160+ Pip move Last Friday on Strong CA Data and Weak US Data, We saw a huge sell off and a slight pullback. On the Hourly Timeframe we have a MA Cross and A Clean Break of the Trendline. I already have some Short Running and have now added to my positions hoping to achieve the Target 2 which...
Shorting USDJPY Once Again. Stopped out on a previous Short But Price Has shown A nice Clean Rejection Wick on A Daily Timeframe. We also have an MA Crossover and Break of Trendline. Tighter Stop Placement on This Trade this time around. NFP Tommorow! Kicking off 2018 The Right Way!!!!
You can see two head&shoulder in the chart. For the frist pattern, it's the beginning bearlish trend of USDDOLLAR. Now, the price is out of the decline channnel,it means that the decline trend has already change ! And the MACD is above the 0 zone. If the head&shoulder bottom is formed ( it has not been formed yet!), the trend of USD will competely change! 12043...
I am looking at a continuation of the buy program that we have been in for the last few months. This chart shows 2 zones that I will be looking at adding more buys, I am confident that we should see an extention to 1.3250 before a drop but I am managing my expectations and being reactive to price action as it unfolds. News yesterday gave us the expected...