Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market targets: 0.692 and 0.694 after first target reached move ur stop to breakeven stop: 0.683 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or...
CAD - BULLISH 1️⃣ Higher oil prices on the back of a bigger-than-expected drop in US crude oil inventories last week according to both the EIA and API. 2️⃣ All major economic data in Canada printed well. 3️⃣ CAD also supported by a weaker dollar amid a lack of progress in negotiations on a new US coronavirus relief package. CHF - BEARISH 1️⃣ The SNB President...
Major trend: Down Minor trend: Up Price Broke the minor trend &support level Waiting for retest and signal = Sell
Good day, snipers. Here in the CAD/CHF , we have multiple confirmations to go short. TECHNICAL ANALYSIS first on the 4H time frame, price broke out of the ascending trend line and retested it completely then rejected it on the 1H time frame. Price also rejected the previous resistance and is in a bearish divergence on the RSI. FUNDAMENTAL ANALYSIS next is...
looking for another continuation leg before week end.
Base on current price action, I'm looking for some bulls in the NY session. Waiting on this retest.
Looking for another bearish drop at least to the next support.
Despite the Bullish run (Corrective move) from late July 2020; The anticipation of negative numbers and economical dent from Unemployment rate and Net Change in employment was not a convincing yard for a continuing rally. Price broke out of my Key level in the beginning of the week only to Break down and close below this level in the latter part of the week...
IF THE PRICE BREAKS THE NECKLINE I EXPECT THE PRICE TO MOVE MORE TO THE DOWNSIDE FOR THE COMPLETION OF M FORMATION . . ... . COMMENT WITH YOU IDEA.....
Market sentiment seems to be on the positive side at this time, risk-on currencies could see some positive upside move throughout the rest of the Asia session... however we could see a change during the EUR session so I'm looking to sell CAD anticipating a bearish market mood and continuation of the downward trend.
CADCHF has been in bearish market flow and ended this week with a strong selling pressure candle at a previous structure zone. H1 is showing a evening star variation and M15 is showing a shift in structure. Will wait for price to pullback on LTF before entering Sells.
Sell at 0.68970 TP 0.068359 SL 0.69032
===== MARKET OUTLOOK ===== CAD - BEARISH 1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand. 2️⃣ Flaky risk sentiment are hampering the Loonie. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be...
two things to keep in mind : 1.Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s. 2.The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the...
Hi, this is CADCHF as you can see it is developing a three touch pattern with possible double bottom all that is telling me a reversal to the upside is on it's way. a closer look please remember this is my analyses. Kind Regards
Strong 4H support and ready to swing again to the upside. Buy now!