FX:AUDUSD OANDA:AUDUSD FOREXCOM:AUDUSD SAXO:AUDUSD AUDUSD - Stalls close to the previous high. Look for a correction. Weekly – Completes a bearish 5-wave count (Elliott Wave). Expanding wedge offers a long to medium term bullish bias. Intraday – The three-hour chart looks to have completed a 5-wave count to the upside. Bespoke resistance is seen at...
An expanding flat (ABC) off the back of an impulsive move, gives us a nice short signal. This has potential to retrace more but I'm getting in early.
Outer trendline break. Looking for the Long term trendline to be met next
Main items we see on the chart: a) Price has broken a Wedge formation b) After the break out, the price formed a pennant pattern c) Pennant patterns are considered continuation structures d) If the price breaks down the pennant pattern we will use Fibonacci retracement levels, to define our TP1 and TP2 Based on the previous items, if price breaks down...
FX:USDCAD FOREXCOM:USDCAD SAXO:USDCAD Although USDCAD has posted two ‘Inside Days’ (which highlights indecision) there is no clear indication that the selloff is coming to an end. Bearish expanding wedge on the weekly chart with a DeMark 13 Broken the wedge formation on the daily chart Intraday chart is holding inside a corrective channel
Daily morning star formation playing out well off a daily key level
Waiting to see the the how the next candle or so end up befoe entering. Could drop in price or if it breaks the level highlighted it should be a good position for a long.
BIAS: LONG Wedge pattern + RSI Divergence Expecting a new impulse wave on this Elliott Wave
We can see the US dollar has been gaining against the Canadian dollar for about a decade now. At the end of 2018 we had a break out from the bullish flag formation, but things are taking a bit more time to materialize as the breakout formed within the "no trade zone."
1H Chart Explanation: - Price broke the Descending Trendline and is currently on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Resistance Zone. Check out our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
as the same break down as before... thinking dollar has made the high of the year so we just want to be jumping back on the retraces around the 96.80 level then hopefully should have expansion towards the 92.50 level as the long term big target which I think we will get there...
EUR/USD is sitting right on top of the golden pocket giving a low risk long opportunity. Volume has been on the decline during this C Wave, and we have some nice bullish divergences. The parallel channel resistance and then the 0.5 Fibonacci are still going to be tough levels to get through, but technically the signs are there for a reversal, thus I have been...
Price action looks to be bouncing off support to retest the 38.2% fibs