USDCAD targets 1.285. Good Luck!
AUSNZD broke the upward trend and the support level as well.
This is an ascending triangle but given the split opinion in the market over the future direction of gold (some people are majorly bullish, others are majorly bearish, one week the global markets excel, the next they are doing poorly) I would trade based on both a break above or a break below. Look for a close above or below the support/resistance. If it breaks...
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.
Hi guys, Just some analysis, GBPJPY buy set up, if it breaks the trendline, and targer will be the 0.681 anad after that the structure high of 175.xx. Break of the trendline will show a shift in the structure towards higher area. Thank you and please comment or like if it helps, will really appreciate it.
Target is predicted at 0.80500 = 500 pips. Good Luck!
It took a while for the EUR/USD pair to complete it's corrective pattern but in the end it played out as expected.
USDCAD has retraced almost back to Daily Support and is balancing just ahead of the Support Zone. These Balance Area's make for good Breakout trades. Balance areas are simply just Accumulation or Distribution (we don't know which one it is until the market tells us, which is done by breaking out). This trade will be valid which ever way it breaks. I would think a...
Possible opportunity for the dollar against swiss franc. I would enter long at 1.0175 with first target @ 2015 november's high.
VTCQ is coming off a great day despite the markets getting hammered. It's in a nice consolidation phase and looks ready to breakout. Bar Chart analyst rate it a 60% short term buy. The company just signed a huge distribution deal earlier in the week as well.
Sell on breakout. Good Luck!
Currently, symmetrical triangle breakout move confirms the down trend as it has also made Lower Highs and Lower Lows (marked in red), which denotes change in trend. MACD is also turns in negative as well as AO. - confirms downtrend too. Therefore, due to above confirmation, I would recommend to short this one for the initial target for 2264 SL2450 and duration...
As you can see from the explanations on the screen we are lining up for a possible bullish setup on EURGBP. It really depends on specific price action and candlestick analysis