Not because the CAD is strong but the JPY is looking to tank.
Both the Nasdaq & the FAANGs are flashing SELL signals here that are good for ~20% drop. See related Nasdaq analysis! (... and energies, and interest rates, and the metals, and... :-)
Start looking to bet the farm here SHORT because copper is starting to cough up blood and it is going to 1.000 before this is all over!!
Notice this pair had been unable to close below 1.6150 and it wasn't for the lack of trying. Now it's starting to wick. They are most likely to quickly slam it down to 1.6120, for a final stop-hunt and then off to the races to 1.6300. This is hugely oversold! Also, notice the large bullish hammer in the last 4 hrs.
Looking for LONG entries here with a price target: 82.50. (Then we will be looking to sell :-)
Bullish Deep Crab has hit it's 1st target out of the PRZ right away. Looking for a Long (re)entry around here, @108.60.
Double Bottom in place w. initial target: 1.6300. Large Daily Butterfly looming above, target: 1.6900-1.7000 Currently a better LONG than EURCAD. (The Aussie is overdone.) Buy it up!
First, Buy it ~@126.75 w. a 127.20-25 target THEN Sell for <126.50. Should be quick.
A very Strong BUY here (0.9030). Target: 0.9100, also the Cypher pattern's PRZ. (Three separate confluences at work!)
A sale is a fair try here w. a SHORT target of @1.1900, using extremely tight stops of 10-15 pips. A huge reversal is zone looming just above in the @1.2050-1.2200 area so the EUR is likely to make it up there, and soon. However, may be not be before a quick reset to 1.19 first?!...
It's a buy here - 0.9630 -, off of the hourly for a ~35 pips then a strong sell from the bearish Butterfly PRZ.
SELL Gartley PRZ here @140.30 w. 25-30 pip stop. Target <138.70.
Self explanatory. Nothing spectacular here but a solid LONG entry here. Good for 60-70 pips.
We were too early before (by about 10 pips) on this buy. Time to go for it here!
LONG entry for ~80 pips to 162.55.
240 min., Bearish Bat PRZ hit @106.75. Sell / Short for 106.25 & 105.75.