GBPCAD could reach 1.7050 this week. At this level, it could be interesting to look for a short until 1.6650. The RR on this configuration is very interesting because the price would be near to the top line of a H4 descending channel. Entry : 1.7050 TP : 1.6650 SL : 1.7150
GBPAUD is in a daily ascending channel. For first 2 to 3 months of 2018, we can see a short opportunity if prices reach 1.75 until 1.65 for 1000 pips. Otherwise when prices reachs 1.65-1.64 area then a long swing configuration would take place for another 500 to 1500 pips. It is important to wait for an optimal zone to go short. A short-term rebound from 1.72 to...
Buy at 1.5365 Target at 1.56 Stop at 1.5280
Sell USDJPY at 113.30 Stop at 113.70 Target at 112.00
The pair is in an descending channel for weeks. A good entry opportunity to be short until 1.15 would be somewhere between 1.1870 and 1.1910. Invalidation above 1.1950.
The pair has made a rebound on 17000 as expected in a previous analysis. A first target could be 22000.
First scenario gives a target 1 at 21500 then target 2 at 25000 very soon. A perfect entry point would be around 17000 in a second scenario in order to reach 22500. In a previous review I had seen a rising wedge which had been easily broken on the top. There is no reason being short as long as the pair is above 17000. Below 17000 It could be time to be neutral on BTCUSD.
NZDUSD is currently in a ascending channel and blocked between 0.6980 and 0.7030. A breakout of one of these 2 levels would give a short or long direction for next days.
BTCEUR is in 2 ascending channels. It is right now on the support (15300) of the most bullish of both. It could make a rebound and reach the top line between 20600 and 22500 this week. If the support at 15300 was broken a rebound could happen at 14000-145000 which would be a better long entry to reach 18000 then much more.
CADJPY is near to 87.20 which is the support of the ascending channel daily. We wait a potential reaction on this support to get answer on what next.
GBPCAD is on a support today. We wait a confirmation of rebound or breakout to make a decision.
After having failed to break the top line of the weekly triangle, AUDNZD should go down until 1.0500.
Be careful of the rising wedge currently forming on BTCUSD. A huge fall could happen very soon to reach 13000 then 10000.
ETHUSD seems to consolidate in a horinzontal channel between 600 and 745 but with crypto... We always have surprises. We think that the pair could become bearish below 600 in order to reach 400 but in case it goes above 745.00 the next target would be 1000.
EURJPY should break its horizontal range very soon. Long or short ? It is really difficult to say but whatever the direction it takes it will be BIG and violent ! Stay tuned !
After a break the pair seems having found a clear support at 260. Now the next targets are 420 then 550.
USDCAD is in a range since november 1st between 1.2620 and 1.2910. The pair should break 1.2910 very soon according to the long term uptrend.
GBPCAD is in a long-term ascending channel and seems having made a rebound on the down line but we also identified a potential medium-term bearish channel which shows a kind of symmetrical triangle. Probability says that the pair has 66% chances to go long for new high. What do you think about it ?