The JPY has been moving quite heft and strong over the past weeks with the Nikkei 225 also doing re-tests so we've got some action happening in the JPY - The USD has been manipulated heavily throughout 2017 with the USD Appreciating more than de-appreciating, but it's come to a level of exhaustion right now and we can confirm that because the market retraced at a...
Very clean bullish channel setup on Cad/Chf made a perfect higher high 0.79195 looking for a higher low at our 50% which lines up with a significant daily support level.
risk:reward is 4:1
lets see this play out guys enjoy
Very nice trend trade setup on eur/usd still see the euro bullish with no signs on the dollar strengthening just yet
has formed a higher low on a daily support level of 1.90290 with a 61.8% fib level and a respect of a daily trend line, also formed a inside bar which has broken out of. So plenty of confluence there to take the trade and trade what you see.
GBP/CAD Has finish a inverse Head & Shoulder Pattern have a strong 4hr support at 1.59406.
You also have a inside bar formation on the 4hr my entry is at top of the dominant bar and stops are at the 50% of the dominant bar. risk to reward is good.
Fundamentally you have consumer price index coming out for the pound which is predicating to be positive.
Quick and simple analysis on GBP/USD.
Last week the pound took a hit due to the bank of England keeping interest rates the same (.25%) whilst having a dovish outlook on the economy. We also had the U.S Dollar gain some strength since Friday with N.F.P coming out positive for the dollar (209K) and unemployment rate coming out .1% less than...
Audcad is looking to continue its down trend from start of April 2017.
Its looks like its finishing its lower high formation on the weekly with a 61.8% retracement,
It also has done a 3rd leg touch on my daily trend line with a strong bearish pin bar rejection, i'm looking for it to come down to my weekly support (0.98318)
Lots of confluence on this pair lets...