1) With trend
2) .50 fibonacci re-tracement
3) Key support at 1.92000
4) 50 and 200 ema Golden Cross
Will be going long pending a daily signal tomorrow or early next week!
Once consolidation clears and there is a clear entry on the daily I will look to buy EUR/CAD. Pretty clear ABCD pattern on the monthly bringing us back into the highs at 1.70000 with Fibonacci confluence.
135.500 is a Key level, break above=bullish, hold below=bearish. On the fundamental side of things its a battle of the printers with the ECB recently announcing over 1 trillion euros of new stimulus and the BOJ continuing to QE at record levels. Also a lot of headline risk with a possible Grexit on the horizon. ...
Clear ABCD pattern forming here with price rejecting the .618 Fibonacci from the previous swing low to the recent swing high. Also have an inverse head and shoulder pattern highlighted by the blue boxes and red line. Looking to buy per daily signal targeting the D completion which also coincides with the 1.27 ...
I like the deceleration at the 93.000 level and will be waiting one more day for a confirmation candle (high test, doji). I will be targeting the 91.200 level near term and 88.000 in extension. If the 93.000 level is broken to the upside then I will be looking to short at the 94.000 level if a signal is provided. ...
Price has been consolidating within this long term ascending wedge pattern. Rejected the 0.99500 level and the .618 fibonacci retrace multiple times. I will look to sell around the 0.99500 area (per daily signal) down to the bottom of the ascending wedge at 0.96000. After weeks of waiting for an opportunity to ...
Technical Analysis is on the chart.
Fundamental Analysis - Basic monetary policy divergence. Japan continues to add to it's balance sheet with a dovish policy while Britain leans more hawkish like the U.S.
After a strong breakout of the flag consolidation pattern do in part to the rate cute by the BOC I am looking for a re-tracement to the 1.86250 level. If such a pullback occurs I would look to get long on a daily signal targeting 1.94000.