Price was rejected twice from the 0.91---/0.92--- supply level. Price then broke below the 0.891-- structure. Price was rejected by that 0.872-- demand level, and is now sitting at that level. Let's see if it'll be rejected by that demand level pushing up and breaking that 3 month descending trend line.
All reasons to long can be seen on the chart. Good luck all.
BoC with nothing new yesterday, but leaving a chance for a hike.
UsdCad sell target at around 1.3 or the trend line as shown
A good downtrend followed by a .786 pullback on fib break below close bellow on lower TF with a support level that became resistance and seller rejecting at that exact same level on lower TF hopefully the market gives a good price action entry and open without a gap to mess things up. Always getting my entry on 1hr.
Pattern: 4H correction after a 1D High. Signal: Bullish as the price is testing the 0.618 Fibonacci retracement level and 1D Support Zone. Target: 0.88240 and 0.88800 (if 0.382 breaks).
AUDCAD price is on low level, and the Relative Strength index is in oversold zone, this is a good entry for long position's.
As we see the price broke our trendline. We waited for a correcion move. And price should now go dith iur trendline moving up
wave I of symmetric after completed the wave b (red) , should go up to resistance zone then going down ... and after breaking out the trend line , more dump to tp1 and tp2 ...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.348. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.343. TP4: S2=1.3395. Set the stoploss of these orders at breakout of R2=1.349. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.348. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.343. TP4: S2=1.3395. Set the stoploss of these orders at breakout of R2=1.349. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Hi there. Price formed a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Day by day the situation with a trade war is getting worse. On Friday, for example, the Mexican peso showed the strongest drop in the last seven months after the announcement of the introduction of new US duties on Mexican goods in response to the flow of illegal immigrants. It was a surprise to the markets since the agreement between the USA, Mexico and Canada...
we see price has been in consodilation on the daily tf, also very good visible on the 4h TF. Now price has been ranging in the channel where we see that price made a spike breaking out of the consolidation. In my opinion we could see price touching our trendline once again where we could be looking for a nice entry to go long. Take profit area should be somewhere...
The Loonie index is currently moving in a downtrend, as shown by the lower highs and lower lows on the daily timeframe. This is also in sync with the commodities markets (crude oil, well and even gold), which have been experiencing bear pressure lately. It is no secret that currencies like the Loonie (Canadian dollar), Aussie (Australian dollar) and the Kiwi (New...
It is not surprising that nothing significant in the dynamics of prices for financial assets occurred duo to calm mood on the USA and the UK financial markets. Tuesday in terms of macroeconomic statistics also promises to be a very calm day. But we do not wait for a lull in the markets - after 3 days of rest, traders and investors with redoubled efforts could...
if the market breaks 1.345 level, for us it will be a great opportunity to open long position. T1 - 1.347 T2 - 1.349
This trade might/might not have been forecasted on this channel. Price is currently breaking out of a bear flag pattern and creeping to the downside. My take profit is placed at 0.74640, which is the bottom of the flag pattern. Patience is required as usual, as the market is heavily oversold and buyers might "taunt" us. May the bears be with us!!!