The USDNOK reversed from a resistance zone and breakout below the ascending trend line and support level.
Price seems to be building a bullish retracement which is probably part of a wave 4 of a larger wave A.
Price has the potential to make a bearish bounce at our confluence level as planned on the chart which could indicate the continuation of...
I am placing a buy here with the bulls on USDCAD because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an SHORTING opportunity for the USDCAD pair with confluences to match. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out...
Theres a nice opportunity on selling UsdCad the upcoming week(s).
The daily time frame shows there a bit more space left to the upside
before it touches the restistance at 1.3575.
You can sell it at CMP with a stop at 1.3620. Maybe add another sell
position if it does touch the resistance.
1.33 would be the first target follower by 1.3180. Ultimately long term...
We are looking to short the USDJPY trading out of the monetary policy report tomorrow morning. The market is starting to believe that the BoJ will add further stimulus but I don't think that is the case o at this meeting. Safe haven flows are still a big factor in the direction of this currency pair with the JPY being a sort after currency in times of risk off...