Uncle_pip

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Markets Allocation
100 % forex
Top Mentioned Symbols
USDCAD 50% | 2 NZDUSD 25% | 1 CADCHF 25% | 1
Uncle_pip Uncle_pip USDCAD, D,
USDCAD: Potential reversal
24 0 4
USDCAD, D
Potential reversal

Could it be that USDCAD would see a reversal the next couple of days? Or will the bears countinue to be in control? The price has hit a support level, it seems that there is forming an indecision candle, We can just wait and see. What do you guys think?

Uncle_pip Uncle_pip CADCHF, D, Short ,
CADCHF: Looking bearish CADCHF
22 0 3
CADCHF, D Short
Looking bearish CADCHF

Strong bearish candle, with little lower shadow. Spinning tops before, means indecision. I will sell if monday closes further down.

Uncle_pip Uncle_pip NZDUSD, 240, Short ,
NZDUSD: SELL USDNZD
32 0 2
NZDUSD, 240 Short
SELL USDNZD

It looks like NZDUSD is in a bearish movement, with a falling wedge. It has broke a support level that was hit in mid October This support level has now become a resistance level, in the end of this week. There seems to be some bearish takeover, with really lower highs and lower lows. It will possibly go down to around 0.69700. This is because this level was hit ...

Uncle_pip Uncle_pip USDCAD, 240, Short ,
USDCAD: Sell USDCAD
25 0 1
USDCAD, 240 Short
Sell USDCAD

It seems that USDCAD is in a triangle formation at the moment. Soon to hit support = sell now. After that it might rise again to hit resistance. I think it will rise to hit resistance and maybe break. This is because of the steeper higher lows, than lower highs. For me it looks like the triangle is more bullish overall than bearish. But for now I see a bearish ...

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