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!!!
last week I posted on that usdcad is in a corrective move, and is currently making a final push to the blue box. However, this week we got another push down into the corrective structure, this shows that the correction is not yet over. assuming my count is correct we will be coming for a Z leg in the minor corrective structure before going northward for a Z on the...
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
The US Dollar is set to make about 200 base points downside movement. Strong Resistance at 1.3517 Wait for the 200-hour MA to break and pullback. Potential target at 1.3263.
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
active buy on eurcad. T1 - 1.506 T2 - 1.508 Stop - 1.497
Macroeconomic statistics came out better than expected on Thursday, even the fact that data on Eurozone balance crossed the “+” level did not help the euro. The euro was under pressure and below 1.1200 again. That is not a reason for panic. The US will not impose additional tariffs on European automotive industry’s products it means that the States has decided not...