In short term price of CAD will move down however, in long term will re-bounce to touch EMA.
Please do what you think is the best. Because I take a shitload of risk. This is what happens if everyone focus on trump. Trump can manipulate USD. USD has no value anymore.
All Eyes on the First Donald Trump and Xi Jinping Meeting Today Daily Technical Analysis Thursday, April 6, 2017 USDCNH - On the First Time, Donald Trump and Xi Jinping meets today. What do you expect for USDCNH market today? A further advance trend? The US economy has in good standing position after FOMC results. The US Initial Jobless claims report will be...
Hello Traders, AUDUSD is in a big triangle pattern in the daily chart, as you can see in the first chart. It was flirting with the last significant breakout highs at around 0.7536. Where also the 200-day moving average comes across. The main idea is now that the market should at least bounce from its current daily levels. Therefore, we waited last week for a...
From the Price Action, it is quite obvious that the selling pressure is greater than buying pressure now. Overall, we are bearish on USD/CNH Here are 2 trading plans for you: 1. Wait for bearish signal to short 2. If price pull back higher to Resistance Zone, wait for bearish signal to short :)
We are waiting for weak pull back to support line at 1.054 level and bullish signal to long.
Note: We are more bearish on this pair now. There is a potential Double Top Setup. Let's see if it is able to break the neck line at 1.312 level Here are 2 trading plans: 1. Short when the price break the neck line powerfully or after breakout followed by pull back. 2. Wait the price correction to the next resistance level at 1.319 level and short again.
Note: Now, GBP/USD is at the history low since 1994. There is significant strong buying zone at 1.20300 level. And the current USD strength is weaken. Recently, there is a bullish pin bar to support the potential bullish movement as well. We decided to long. EP: 1.22057 SL: 1.20302 TP: 1.26834
Note: USD/JPY tested the resistance zone at 118.5 level 2 times and the bullishness was rejected. Here, are 2 trading plans for this pair: 1. If USD/JPY managed to break the support zone at 114.5 level strongly, wait for pullback and bearish signal to short. 2. If the price unable to break the support zone, buying power might come in. In this case, wait the...
Note: From the big picture, we remain bearish on this AUD/USD. There are 3 possible trading plans for this: 1. If the price break the support line at 0.729x level significantly, wait for pullback to short with right risk. 2. If the price continue pullback back. 0.742x level will be next shorting opportunity. 3. if the price correction is way too strong, it...
USDCAD has been in a consolidation since may 2016.after forming a double top, i am currently looking to long this pair back to 136 area.
Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance...
Note: Congratulations to those who follows our winning trades on this pair last few weeks. Again, the price having correction as per our prediction previously. Now, we have 2 trading plans for this: 1. The price pullback to both the resistance zone and 20-EMA, followed by a bearish signal. A good signal to short with right risk amount. But caution on the 1st...
Note: Overall, we remain bullish on USD/JPY pair. Now, price having correction to 20-EMA, followed by a bullish signal. It is a Swing Setup, but aware of the immediate strong resistance zone. There are 3 trading plans for this trade: 1. Long now with little risk amount as it is a good swing setup. 2. Wait the price having more correction to the strong support...
Note: AUD/USD followed our bearish prediction previously. We remain bearish outlook on this pair. There are 2 trading plans for AUD/USD: 1. Wait for the price pullback to 20-EMA and Resistance Zone. Wait for bearish signal to short with right risk amount. 2. If the price breaks the immediate support line. We need to wait the price pullback to the...
Re-entry. Triangle top on 1-Hour Chart. Short Euro...