Thanks for viewing my idea Please like and comment Wait for the short back to 84.00's or wait for the long.
Thanks for viewing my idea Short term short Long term long Please like and comment
Showing divergence and next monthly pivot we sell
Published a bit late, but this is a simple break of 4hr trend line. In addition to that, the 1.46 level is the 5th wave of a weekly chart. The monthly exposes some potential structural pressure. My main motivator to short USDCAD is the reaction today when oil dropped and USDCAD had no follow through. My last analysis on USDCAD:
In view that CAD will strengthen short term, when the smaller correction shown in the chart is complete buying the pair near the trend line looks a good idea.
CADJPY stalled at 0.618 retracement level of move from 87.4 to 78.9 To watch closely how the pair acts Similarly, RSI bearish divergence can be observed in USOIL The move up may just be a retracement due to oversold conditions rather than a reversal Expecting support/target levels on white support line, 83.16, 82.68, 82.12, 80.9
Its a gimme. A close back below HZ R will target more aggressive entries
EUR/CAD is seen extending decline from multi-year highs at 1.6105 hit on Jan 20th, we see scope for further downside. Unexpected dovish tone at Draghi’s press conference on Thursday has opened the door to a generalized EUR weakness, while rebound in oil prices will support the loonie. Momentum studies lean bearish, Stochs and RSI have reversed from oversold...
Bullish Shark formed when price touched that 2.24 fibonacci extension.Looking to go long on this pair since rsi and stoch are oversold and price is also going into a supply and demand zone.Stops going below those recent lows, and targeting 38.2 fibonacci level.
After yesterday's big fall, i think we should still find nice position to SHORT USDCAD. Since CAD is undergoing a correction, I suggest we could open a SHORT position around 1.4350 level, which is 0.382 FIB level and possible downwards trend line cross point. Target would be around 1.4176. After that, I believe there should be a big rebounce for us to trade as...
i am looking for buy the usd-cad above the support line if it break the support line so there will be a chance for sell the pair other wise there is a great opportunity for buyers.
Earlier I posted a CADJPY target for a SHORT, which did not meet its target. At this point, price has broken ABOVE and closed hourly above the downward channel resistance. With observance of a bullish divergence in RSI with price, a loss in selling momentum is seen. The CAD has depreciated the most in the past weeks, and is heavily oversold. Also, the JPY has...