Breakout of classic reversal pattern on the pair..
The crude oil last swing up from 47.00 to 48.50 is showing bullish momentum and it might indicate a temp/permanent reversal in the down trend direction..
The CAD broke through the falling W and the horizontal resistance, expected to continue up to 0.7590
The Japaneses index converged into a triangle (pennant), watch for a breakout for down or up side
Since the price is clearly in a range market (side way channel), I find it good to buy at support and sell at resistance.
Keep monitoring the pair for bullish breakout opportunity of the current bullish pattern, if breaking support level 111.75 , then cancel the pattern
The USD broke the DeMark TL and the technical target is 1.0005
It seems the pair is about to break the support level of 80.70 , if happens I will go short targeting the high of the previous channel..
The pair is converging inside a symmetrical triangle, no long/short bias until we see a breakout from the pattern.
Bearish H&S pattern, completed after breaking the nick line..
I will go short after breaking the nick line of the current bearish pattern H&S
The pattern reversed to be a "Busted Descending Triangle" to whom to want to reverse the trade and go long..
Level 76.00 is targeted on the oil after breaking out from the bullish pattern on the weekly time frame..
Short entry after breaking the continuation pattern (Descending triangle)..
The price is testing the resistance area after a down wave controlled by bears, expected to test old support 112.80 / 112.70
The breakout of the symmetrical triangle would give a clue about the breakout of the overall descending channel on the pair.
A pattern of bullish H&S is developing and completion by breaking out the level 1.3888 (for monitoring due this coming week)
the upthrust and the break of the ascending channel on the pair indicate a continuation on the down movement for the pair, targeting 0.9920