OANDA:AUDCAD The channel is a daily uptrend, the price tries to turn the 4-hour trend, which is a downtrend, into an uptrend after reaching the bottom of the daily channel. Now is the best time to take a buying position. The entry point and all the analysis information are clear in the image,also tomorrow
it well be an important news fro Australian dollar
Gold on the 4-hourly chart didn't have a break and close below the trendline, on the 1-hourly chart it did break and close below the trendline but do note that it still fails to break and close below the previous low.
If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity.
An aggressive trader...
Shalom Wadu Community,
In Today's Video we discuss the current scenario we have playing out on the Eur/Usd! As mentioned in the video we have just recently broken out of a Channel to the Downside and retested the bottom (now) resistance level of the Channel . We can now expect Eur/Usd to futhermore test our Pivot Support Level at Price Area 1.16000. If...
INTC breaking out of a consolidation channel after its drop due to disappointing earnings.
RSI confirming breakout; at 62.
Intraday volume is above its 10sma average.
200sma lining-up with previous tested support. Breaking this resistance , would take us into next parallel channel.
Attractive risk-reward-ratio at 2.5, placing...
XRP is breaking the channel that was made from the last week of July, now is consolidating on top of it and is ready to make a move up. There is also confirmation of an inverse head and shoulder pattern
NZDUSD has respected this channel greatly however there was a strong bearish push and after a bit of reading, the US unemployment numbers have gotten better and we have Non-Farm Employment Change in 45 minutes.
Price action is showing strong bearish momentum before the news release and my research show that the technicals and fundamentals line up perfectly.
AUDUSD has just broken up a bearish channel and tested on support. Now there is more demand than supply (You can check on all MA's indicators).
Day has just opened above the daily pivot point, which is a clear signal of a BUY.
Any comments are welcome.