The near-term series of higher highs & lows inAUD/USDmay gather pace next week as the Reserve Bank of Australia (RBA) is widely anticipated to retain its current policy in September, while the regions 2Q Gross Domestic Product (GDP) report is projected to highlight the fastest pace of growth since 2012.
Lower payrolls would usually send the Yen soaring against the Dollar however the Dollar rallied against the Yen on Friday before a predictable retracement. The purple dash is a historic yearly resistance level where if price closes above a prolonged bull run is more than possible. For now a retracement back to prior structure before a continuation of bullish...
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
USDCAD, With it going down into small slump my prediction is that it will rise back to it average level.
US Dollar / Australian Dollar Analysis. Could potentially fall and along the way could be some profit to be made as peaks will start to show. Any Recommendation to improve my analysis please respond much appreciated. EMA is over a 20 day Period.
Lots of consolidation here at this trendline that I drew to the downside off the weekly but it looks like price is finally confirming the trendline bounce off the weekly / daily supply levels.
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.
Markets has done what i predicted, not because im smart, but because, markets tends to respect some support & resistance, fib levels, pivot points etc... So now, im short in the trade, waiting what the market will do. The Take profit and Stop loss are too big for getting out either with a win or a loss for today. But there is also some important news today, so...
If the price moves towards our previous resitance, we get some fibonacci ( 88.6 ) and some fibonacci extension also. So if the price pushes up, we get a short opportinitty towards 1.11952
Trade opportunities opening up on the triangle on USDCAD. If your ballsy then buy now.
Looking at the Bull Bat from Previous Week, Just hit target 2 this morning for +132 Pips. During which another Potential advanced pattern formation is setting up. (Bear Bat Completion at 88.6 Fib Retracement.)
1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it...
We believe that USDX is headed for the liquidity zone up around 96.00.