USD/CAD just broke above 2 important resistance levels. The upper boundary of its channel and the level of 1.3310. Next step is at 1.3500. www.YouTube.com
I'm thinking this is a pretty good long opportunity.. What do you guys think?
I'm looking to SHORT USD/JPY shown in the analysis provided. In my opinion this looks pretty solid and follows the current downtrend happening right now.
After breaking its triangle, USD/CAD had a max correction to the 76.4%, while retesting the triangle. Price is ready to resume its downside movement.
The CAD/JPY is on the rise just as expected. The positive momentum has finally kicked in, and it is a good time to drag our StopLoss level further in the money and to the price level of 79.00. Stay tuned...
05th Sep to 09nd Sep Trading Idea
NZD/JPY has just broke the major resistamce and test level at 75.00. That is a strong Buy Signal. Price target is at the next major resistance - 80.78.
EUR/USD is rising in an Elliott Wave formation. The recent drop corrected 50% to form wave 4. There is high probability for a new upside move of wave 5 that is expected to push price forward again.
The AUD/JPY is pushing forward as expected. I have just updated my StopLoss level to the Entry price level. Next important resistance is only at 79.72. Hang in tight...
The CAD/JPY is still trading in very low levels. An upside reversal and the begining of a new trend is expected in this case. Price target is at 85.12
GBP/USD has just completed a downside a,b,c correction and looks ready to resume its upside move towards the resistance at 1.3317
The NZD/CHF is sending strong downside reversal signal. The breakdown below the trendline will act as final confirmation. The two strong support levels at 0.6740 and 0.6465 wil act as price targets.
The EUR/AUD has entered a narrow trading range. After basing itself above the local support at 1.4552 it's destined to push forward to the next local resistance at 1.4715.
GBP/USD is declining as expected. It is time to move our StopLoss level dipper in the money by 60 pips to the level of 1.3060.
The USD/CAD has just broke below the lower trendline of the technical triangle that developed over the past 3 months. The pair is expected to gain some negative momentum. Price target is at 1.2460.
EUR/CHF hasn't fullfiled its upside potential yet. After the recent correction, the pair is poised for an upside move. Price Target is the resistance of 1.1120.
The GBP/USD has just broke below the important local support level of 1.3050. The pair is expected to keep moving south towards the major support level at 1.2675 - My price target.
After hitting my predicted level at 0.7250, the AUD/CHF has basically just completed the full Matrix pattern, and is ready to breakout of the Matrix on the upside. My Price target is the Fibonacci 161.8% projection level at 0.7750. Stay tuned...