I see a good chase to long here based just on TA, so dont take as investment advice.
- OMXH25 has broken out of a falling wedge
- It has broken out of the channel
- While breaking out of the channel it formed a bull flag
- MACD Bullish div supports further growth
2017 also saw a drop, but instead of a falling wedge it was a megaphone pattern with bull div and a...
The pair has had quite the week. Since January 2, the Canadian Dollar has been the best performing currency in the world. This comes even with the report of soft economic data on Friday. What surprised me the most was the fact that US non-farm payrolls crushed all expectations, yet the USD still weakened against the CAD. My only explanation is that there was a...
Yesterday I wrote how USD/CAD broke above its nearly 3-month resistance channel line on Friday and the possibility of a new trend taking place. This morning USD/CAD actually traded in a narrow horizontal channel, stuck below the 1.3600 psychological resistance line and around 1.3566. That changed this afternoon, when a breakout above that 1.3600 resistance line...
Price in ascending channel and has failed to make a new high
Price may bounce bullish at any of these levels shown
If price continues to fail through the ma levels then
1st Short trade
1st Sell Stop @ 1.1415
If price breaks below both ma levels then
2nd Short trade
2nd Sell Stop @ 1.1390
Sell TP is @ 1.1363
SL as shown
Watch for Mace to confirm direction by...
Fundamentally, currency rate will move up because OIL price is going down. Canadian dollar depends on Oil prices when it decreases USD/CAD is moving up always.
Technically, Price can break up downward channel because yesterday was powerful Pinbar which stopped all down move.
I will open buy if the price will break up that channel.
Goals: 1-st: 1.3288 2-nd...
Chance the bull will continue soon look how it grinds along the trendline. Dangerous place to short in my humble opine. Just sayin. Good luck!
This post purely educational not advice. Trade at your own risk!
Experimenting with the simple regression trend: drawing a point from ATH -0.20% to current price.
Bitcoin -4.07% has more or less obeyed this trend channel and recently in July it has broken above it and stayed above.
Once we head down to 5379 we may see a bounce in order to keep the bullish narrative and have any chance of breaking above the channel.
While we've watched the boost from recent news fade, it remains to be seen whether 0x has enough momentum to sustain a longer run. Of the projects mentioned, ZRX is virtually guaranteed a spot (in my opinion) on Coinbase due to the fact that the company purchased the protocol several weeks ago. This recent news broke us out of the handle/channel so we'll see if it...
The EUR/AUD was in an up channel formation.
The pair has currently broken the channel formation trading below the lower trend line.
As per our analysis,we expect a strong selling pressure in the counter.