Hello traders, wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel bottom trend line before going short. Wish you all good luck!
Hello, NZD/USD downtrend taking shape, price is pulling back, will look for short position as soon as pull back momentum will decrease, probably rejecting 50 EMA and 0.382 fib, even though given the current acceleration I'd say it could even reach 0.5 or 0.618, while waiting for Fed's rate hike. Either way keep your eyes peeled and be ready to get in the trend!
Hello traders, good opportunity to enter short on AUD/CHF: - failed to break out in mid-October - failed a second time in early November - current deceleration + pin bar rejecting 0.7550 - bearish MACD divergence
Hello, currently have this on my watchlist, downtrend is taking shape, will look for short entries on pull backs, either on trend line (with 50 EMA possible crossover) or 0.8300 level with 200 EMA providing dinamic support along this level. Good luck!
Hey guys, with USD taking a breath after the recent run, I will wait for a good short opportunity around 0.382 / 0.5 fib, price meeting 20 and 50 EMA would add even more confluence to a short entry. Hope you liked this idea, wish you all good luck!
Hello, a lot of pairs are curently pulling back from recent runs, giving us good opportunities to enter following the momentum. Waiting on NZD/CAD to reach 0.382 fib, which would coincide with 1H 200 EMA and daily 50 EMA with 20 EMA possibly crossing it. Hope you liked this idea, wish you all good luck!
Currently have this pair on my watchlist for the upcoming week. Should price continue to move downward breaking the 200 EMA, I'll enter short beetween 0.70500 and 0.69600, coincident with the head and shoulders neckline, on a doji/pin bar candlestick. I will then consider to take profit / scale out around 0.6700 in case the upward-sloping trendline will provide...
Hey guys, currently watching this pair, waiting for a pullback on the recent breakout. DXY at 100.00 resistance would suggest a temporary pause for USD rally. I will consider entering long should the price reach 0.618 Fibonacci level, also meeting the major trend line and possibly the 20 EMA. Hope you enjoyed this, good luck and trade with care!
Hey guys, this is my view about copper, I will wait for a pul back and price deceleration before entering long. Depending on how price will behave around 2.4500 I will decide if entering straight away or, should it break 2.45000, I will wait for it to pullback to 2.28500. As always, wish you good luck!
Hey guys, this is my forecast for NZD/USD. Price has broken the neckline of the head-and-shoulders pattern (formed from August to October), which is coincident with 0.5 Fibonacci level. RBNZ rate cut and bullish dollar should drive the downtrend past the 0.70500 level. I will wait for a test of said level and sell on the pullback to the 0.618 Fibonacci. Good...
Good morning traders, good short opportunity on this pair. MACD bearish divergence on 4H and 1H charts, price deceleration at 1.0300 resistance. I'm going to trade this on a shorter time frame than daily to be sure to be out of it before elections day. Good luck and trade with care!
Possible head and shoulders forming on daily chart, will wait for reversal candlestick and deceleration, bullish MACD divergence showing already. This would be a medium term reversal fitting in a long term downtrend , so I think after testing 1.0700, price will head down to the 1.0200 level. Trade with care and good luck!
Good evening traders, this is on my watchlist as price is showing some deceleration mid run, 50 EMA crossing yesterday's and today's wick, might provide resistance. Hope you liked this idea, good luck!
Hello traders, price decelerated nicely into the 0.7270 support level, meeting also the bottom trendline of the current bear channel. 50 EMA very far from current price so I see only 0.7350 level as possible resistance. Keeping in mind tomorrow's NFP, I will be ready to catch an upward acceleration. As always wish you good luck!
Greetings traders! Put a short order on this pair as it could bounce of the 20 EMA and trendline. Doji candlestick and MACD divergence confirm high probability of the downtrend continuing its run toward the 1.4000 support area. Hope you liked this idea, thanks for the support and good luck!
Hello traders! There might be a head and shoulders pattern forming on this pair, as I see a possible short term bounce of the 1.0100 level where price might be also meeting the 20EMA before heading down again to the 0.9970 zone. Hope you liked this idea, wish you all good luck!
Hello traders! As you probably noticed Copper broke out the asymmetrical triangle started back in June 2016, also crossing the 200 EMA. Given the strong momentum I think it's possible that price will raise higher and retest the previous swing high reaced in mid July. Of course there's a possibility of false breakout, in that case I think price will go back to...
Greetings traders! Currently short; textbook deceleration, doji at strong resistance at 1.34, price at top of a bull channel, MACD divergence, volume decrease. Hope you share my vision, wish you all happy trading!