USD CAD at its lowest since 2016 May.
Bulls has last line of defense at around 1.2500 area.
This week's US data could be a good reason for reversal. --- Similar Patterns forming on USD pairs.
GBPUSD: The pair continues to face upside pressure but within its established range. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level. Conversely, resistance stands at the 1.2800 levels with a turn above...
USDJPY: The pair faces further downside pressure in the short term though seen hesitating during early Monday trading. On the downside, support comes in at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109.00 level and possibly lower towards the 108.50 level. On the upside, resistance resides at the...
EURUSD: With the pair closing higher the past week, risk of more strength is likely. Resistance comes in at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. Its daily RSI is bullish and pointing higher suggesting further...
A dreaded triple top?
Entry alert on Tesla Motors. TSLA when the price break the triple top ... Please be careful, feelings and emotions in the market
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USD/JPY has been hovering within the triangle structure for the past week awaiting FOMC and BOJ updates.
Big Opportunity lurking.
TREND CONTINUATION - Await Price action upon close of the daily candle below the triangle structure.
- Enter short with TP 1 @ 100.00
Trend BREAK - Break of the Upper Red Line and Triangle Structure --> Massive Uptrend....
The pair EURUSD will break the price of 1.11964 , touching and then surpassing one of the most respected moving averages EMA200 By pressing the price down to our goal of 1.11399 ||
We can not forget that this is a crucial week for the decision of the FED and we have to get the news alert .
If you liked the analysis of a like if you did not like , constructive...
We can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN 1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000...
The pair has broken a strong trend line which has held since May 2015 , price has now retested this and bearish momentum can be seen to be resuming. Waiting for daily close for entry for shorts to Target 1