With reference to previous analysis on the pair it looks like USDCAD is a channel play - the ascending trend line has been broken and tested - expecting shorts all the way to our downside target zone.
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USDCAD TWO POSSIBLE SET UPS
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line...
EURGBP HAS BEEN VERY BULLISH THE LAST FEW DAYS
It has traded nicely within this ascending channel, price stalled and is starting to go down at the recent upper bound the pair is looking like it is pulling back to the lower bounds of the channel.
The Price Acceleration/Deceleration Zone will be key in determining where this goes next. If price stalls here and we...
A break of the ascending trend line will warrant short to the downside target highlighted (127.512)
If price manages to hold above the trend line we could see longs to the upper bound of the channel (130.500) - if we break the channel the upside target highlighted could be achieved (131.992).
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Expecting a break of the ascending trend line and downside price action continuation.
EURUSD possible new swing lows.
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Monero looking like it could be reversing on 1 hour and 4 hour chart, daily still indecisive. Would be an early risky buy now but as you can see from my expert analysis with my arrow, it could be a good long if you enjoy torture and hot dogs with ketchup instead of mustard.
Feel free to mock me if it goes lower
At the moment a short of the pound yen could be going to the following levels before going back into the weekly trend however if we break these levels further south then will need to reassess what is going on
And the chikou span line is still inside the kumo cloud.
Uptrend scenario :
If the chikou span line gets over the cloud then that would mean a confirmation of the short-term (at least) trend.
And the Bitcoin price (XBT/USD) might go up to $8523.
And the lagging span line (chikou span line) seems to get out of the ichimoku cloud.
If the lagging span line keeps out of the upper kumo then that would mean the confirmation of the uptrend until approximatively $11632 at least.
Consider the obstacles for the price in daily timeframe if you invest.
Price is actually testing a support of 7632€.
If price bounces on 7632€ then it might get uptrend again ; The lagging span line is still inside the ichimoku cloud ; The lagging span might bounce on the lower line of the kumo cloud.
If prices gets under 7632€, and the lagging span line (chikou span line) gets under the ichimoku...
BTC is in an ending diagonal pattern and calculated measured move of ABC correction suggests a likely bottom support level is in range of +/- 8727.99. I have used 50% of my tethered USDT entering a position in BTC at 9080.00. I set a stop loss sale order at 8699.00 to minimize losses if support at 8700 is broken and BTC continues decline toward the 6100 support...
The DAX index seems to encounter a resistance that is a weekly SSB.
In high timeframes (Weekly and daily), in the next hours, days, if the LS gets over its actual candle (the top of it being tested by LS) then that would confirm an uptrend direction for the next hours or days.
A potential resistance would then be 10369.
I would suggest to invest (buy) at the...