GBPUSD went into an uptrend after it broke the January/February downtrend range. (Post-SNB funtimes)
In 1 hour BOE Gov Carney can bring us some further good news, like the BOE delivered recently allready.
Like in my USDCAD chart I mention here that in 6 hours from now Fed chair Yellen speaks as well.
If that is no ...
The last month USDCAD ranged in a triangle from which a possible down outbreak is coming.
BOC Gov Poloz, (14 hours ago) had some good news for the CAD, which can be seen in the chart.
In 6.5 hours Fed Chair Yellen has to bring up something for the USD or the trend should be clear here.
Once technicals and ...
Put the S/L few pips over this resistance line and let it ride. Insanely good Risk/Reward in my opinion. Probably a 1-2 month hold for these targets.
First Target: 116.36
Second Target: 112.23
This pair has come to a very big trend deciding step. The historic resistance/support area at the 0.88 - 0.89 area is a very important and dominant one. The next 1-3 days should show clearly which path it will go depending on where the closes are on this area.
If it fails to break the resistance this time (triple ...
EURUSD is setting up for a bigger move either way. The FOMC meeting will
probably have a big impact on this decision. The price is generally oscillating
in a triangle since late 2008. This would imply more bullish months from here,
back up to the downtrending line of Highs.
The decider for a long or short will be ...
USDCAD has failed to stay above the previous high from March 20th 2014. Long upper shadows, bearish engulfing pattern and a Doji is confirming that the bears have taken over.
The second resistance, from January 30th 2014, is now also an area where we can see the price can't stay above. The initial move back up on ...