EURCAD is trading inside a 1W Channel Down (MACD = -0.004, B/BP = -0.0058) and has recently priced a Lower High (RSI = 48.167, Highs/Lows = 0.0000). The descending trend on 1D indicates that a strong bearish move is about to follow. The Lower Low supporting line puts the limit (at present) to 1.4700. This is also our short target (TP = 1.4700).
GBPNZD is trading within a very long term 1W Channel Up (RSI = 58.689) and has now just priced a Higher Low (MACD = 0.013, Highs/Lows = 0.0133, B/BP = 0.0680). A retrace is now expected to either 1.94500 or 1.9300 for a Higher Low. We will be buying both spots for a TP = 2.0300 (projected new Higher High).
AUDNZD has broken all minor rebound poins on 1D (RSI = 44.753, ADX = 28.027) but has managed to find support on the Higher Low gradient of the 1W Channel Up. Its current neutral state (RSI = 51.003, Highs/Lows = 0, MACD = 0.002, B/BP = 0.0082) indicates that an attempt to keep this support level is attempted and is an optimal place to go long. TP = 1.11740.
TP = 15.400 hit, quicker than expected, as the 1W Channel Up (RSI = 57.959, MACD = 0.486, B/BP = 1.1840) aggressively moved towards a new Higher High. Equally aggressively it has pulled back (Highs/Lows = 0) to a new Higher Low on our projected curve support. We have already bought this low and our long's TP is 15.88200.
GBPUSD has now tested the first 1D Resistance at 1.3292. This is the first rejection test for the very aggressive 1D Channel Up (RSI = 73.485, STOCHRSI = 100.00, Williams = -3.704). The second (and last) Resistance level on 1D is at 1.33589. Both of these spots are good short entries (TP = 1.30443).
Copper is trading sideways for more than a month now within a 2.5400 - 2.7350 Rectangle on 1D (RSI = 56.012, MACD = 0.000) and the High Volatility (ATR = 0.0544) ensures the preservation of this neutral action. As seen the price has just been rejected on the Resistance, so we are now short aiming at 2.565.
TP = 33.600 hit as the previous 1D Channel Up aggressively broke to the upside (as indicated by the 4H consolidation mentioned on the previous post) and peaked at 34.650. Now a new 1D Channel Down has emerged (RSI = 30.614, MACD = -0.139, Highs/Lows = -0.2244, B/BP = -0.4740) aiming at a Lower Low near the 31.850 support. We are short with TP = 32.000.
OMGUSD is now trading below the previous 3.2309 1D Support and a recurring pattern is seen on 1D that typically leads to a new Channel Down. Both 4H (RSI = 34.346, MACD = -0.063, Highs/Lows = -0.0720, B/BP = -0.1109) and 1D (RSI = 36.903, MACD = -0.273, Highs/Lows = -0.1659, B/BP = -0.5409) are actively bearish and we are aiming at an aggressive decline on OmiseGo ...
As seen on the chart there is a recurring Rectangle 1D pattern (4 times) that precedes every major bearish channel. At the moment DOGEUSD has completed one (RSI = 53.705, STOCH = 47.561, ADX = 46.563, MACD = 0.001, Highs/Lows = -0.0002, B/BP = -0.0005) and this neutrality should be channeled into bearish action soon. Our TP previously was 0.0045 but we will extend ...
The Binance Coin is on a bearish channel both on 4H (MACD = -0.021, B/BP = -0.0812) and 1D (MACD = -0.384, B/BP = -0.4405) but is currently on a deceleration due to the Triangle that is creating Higher Lows on 1D (Highs/Lows @ 000). If 8.89 breaks (most likely due to the underlying 1W bearish trend) then the Triangle is void and the Channel Down can continue to a ...