Ken_FX

Ken_FX Updated 

OANDA:USDZAR Price is at weekly support but trending within a falling channel. I am anticipating a breakout of the trendline to the upside. At the retest,i will look for an entry when price action gives us a buy signal. This will be a nice swing all the way to R18.00, this means holding for weeks or months.

Ken_FX Updated 

Price has finally broken $1800 level and we now expect a correction of this impulse movement. The horizontal ray represents the 61.8 fib level and below it is the demand zone represented by the yellow block. The retracement/correction might give us a 4th touch on the supporting trendline, from there onwards we anticipate that price will push up to $1850.

Ken_FX

OANDA:USDCAD Price has reached weekly support. I will be looking for bullish price action signals before i get into the trade. Anything can happen at this point, so i will be prepared for any outcomes.

Ken_FX Updated 

Price is moving inside the channel and has bounced off the supporting channel trendline for the third time. We now see that price has broken the resisting trendline on the H1 timeframe. Anticipating a pullback/retest on the highlighted rectangular support and a rally up to 0.69700. My bias is bullish.

Ken_FX

The idea here is to go short on the dollar index. We can see on this 1 hour time frame that price is moving inside a descending channel. Price has been consolidating at an area that has seen consolidation before as can be seen on the left. Once price breaks out of consolidation, we will have an idea of what the next move will be.