Currently looking at a possible downside move on USDCAD to 1.259 region of support as the DOLLAR has been unable to take over buy momentum from the CAD. We may possibly see price continue to drop to the aforementioned levels. let's see how this goes. Daily and hourly trend indicates down. As the saying goes "follow the trend wherever it goes". So what are your...
D1 : Despite a strong recovery attempt, yesterday's closing price @ 13186, did not confirmed yet that the downside risk is over.
Indeed, the failure to close, at least above 13306, which is the middle of the former long bearish black candle is a first signal
that the ongoing new bear trend is in progress.
Today's price action will also be...
Pretty sure a lot of traders were focusing on this monthly bull flag - continuation to the uspide for the longer term hold (blue circle) But price fall off of that and change direction to the downside...
As we can see we are in major ascending channel with falling wedge within it as middle section to push price towards that 3rd upper touch before big short, but...
Hello traders,
This is my opinion for AUD/USD for this week.
Long term trendline resistance tested and rejected again.
Bigger support needs to be found.
I will update this trade soon when we reach 3 likes!
