GBPAUD is currently in an interesting position after support has held at the lower section of a long term bullish channel (4 years). Fresh bullish volume can be seen increasing on the Daily and 4HR, coupled with the Daily MacD in the heavily oversold region. Additionally, The Daily ADX has began to pinch after separation apparent. In regards to a price action...
Bearish Pennant formed on EURUSD, EMA's looking like they are starting to cross each other. Looking to short back down to major resistance level of 1.14665.
S/L 1.16437
T/P 1.14761
Head and shoulder pattern on CADCHF. Waiting for bearish candle to reach below the neckline and enter enter point before trade active, volume is high on the last bearish candle which is also a great indicator too support the sell order.
Continuation pattern on CADCHF. Entery at 0.72424 and look to take profit past 0.72000.
“Analysts at Nomura suggest that NAFTA negotiations and the potential for further trade wars will naturally see Mexico and Canada come under pressure as the market’s natural trade proxies, but in addition to trade developments, more fundamentally they remain bearish on CAD.”...
Continuation pattern on AUDCAD. Supported with news report - m.netdania.com . Will be entering long position once a 1 hour bullish candle leaves the pennant from the top. Should start to see and increase in volume once this happens too.
I believe CADJPY is going to see an increases in price later this week. I believe this because as shown you can clearly see the trend breaking past the lower bound of the stochastic oscillator as one indicator of a reversal, and as a second indicator the chart shows a bearish candlestick breaking out the lower bound of the bollinger band.
I believe that the EURCHF 0.04% is going to see an increase in pips in the next day. As you can see several of the bearish candles all break the lower bound of the bollinger band , creating a bearish trend . Additionally, the Stock Oscillator shows that during this bearish trend , this currency pair is being oversold. These two indicators show that there is going...
I believe that the EURCHF is going to see an increase in pips in the next day. As you can see several of the bearish candles all break the lower bound of the bollinger band, creating a bearish trend. Additionally, the Stock Oscillator shows that during this bearish trend, this currency pair is being oversold. These two indicators show that there is going to be a...
