I'm looking at the possibility of a short setup emerging from this pair.
On the shoulders of crude showing signs of a bottom, and possible reversal, and an overall bullish gold, CAD might have what it takes to regain strength and pull this pair lower, back to the consolidation zone below.
The ATR bands indicator I've been using recently displays the current...
I`m still interested in buying Lonnie as the retracement after the Bank of Canada shocking interest rate hike decision has not been finished yet especially for the following pairs: GBP/CAD, CAD/JPY and USD/CAD.
GBPCAD
Ultimately I like a short trade @ 1.826 level (if the market rises to that level) with a SL above 1.8420
A small trade can be taken at current market price and scale in at 1.826
TP @ 1.76 ..
GBPCAD is in a recovery mode after hitting support (orange line).
I consider a buy position at 1.793. After a small pullback.
A weekly Chart of that pair show us a consolidation period in the last year.
In 2013 the pair was in a strong upward trend. So now it may continue to go upward.
From fundamentals view
The Bank of England holds Interest Rates and the size...
The GBPCAD cross looks like it's been consolidating with a flag-like movement since the start of 2014, and this may lead to an eventual bullish leg to fresh multi-annual highs in 2015. Fundamentally, I like being short the Loonie dollar as crude oil's plunge this year should lead to disinflationary pressures in Canada with a possibility of seeing the Bank of...
It would appear that this is the second time pair is bouncing up from below 1.76 which is now determined to be very strong support. As with the last price action it then moved up above 1.8.
Looking at the MACD, we can see that there is consolidation and a cross over about to occur. I think within the next candle we should know if this is a buy opportunity....
English :
Channel up perform with new high if support trendline can hold downtrend, bullish target will be at 1.8140 with maximum target at 1.8300 as resistance trendline channel.
Break down support area will push this pair again in to bearish teritory.
Indonesian :
Channel up perform dengan membentuk new high. Apabila support trendline channel up mampu menahan...
On technical point its i good opportunity to long that pair.
First its in a kind of bullish trend channel. Secondly we heading to major support area around 1.78x.
End last but not least we see some good data from UK.
British GDP expanded 3 percent YoY in Q3.
The number of unemployment persons is shrinking.
British Unemployment Rate is now at 6%.
Good entry at...
The pattern that's formed in this chart would make sense with the recent bullish moves in aud, but I'm on the fence on taking it. I'll wait one day for confirmation before jumping in.
Publishing it for future reference.
The moving averages have converged, we have a candlestick pattern that resembles an inside bar -- meaning that price is consolidating -- and price has pulled back to a support level. All of this offers a nice entry point, and the recent long wick serves as a potential bullish checkmate and thus a reference point for where the stop should be placed. I've placed my...
there is a channel and 8045 has been tested twice. this shows that 8045 is the R that I want to watch on n price should not day close above in order to spoil this hns pattern for a new downtrend.
I see a channel with macd divergence but the channel itself is awkward as the channel break does not present the best RRR. Hence i will need to modify my entry and look...
GBPCAD is currently at the 5 months low resistance which functions as a neckline.
I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high.
Then it may be the start of a nice ride down.
The GBP/CAD has been stuck in a 400 pip range for most of 2014.
This morning, the pair reached its 200 Day Simple Moving Average (Daily Chart) which also happens to be the range low for the pair as well.
On ranging pairs, one of my favorite strategies is to buy at support on bullish divergence with the CCI oscillator. When inspecting this pair closely on a 3 hr...
