CURRENTLY WE HAVE USD/CAD AT THE BOTTOM OF A RANGE. IT IS SHOWING SOLID BEARISH REJECTION CANDLES AND PRINTED A BULLISH PIN BAR AT THE SUPPORT THAT NOT ONLY TESTING THE WEEKLY SUPPORT ZONE BUT ALSO AT THE 4HR/DAILY SUPPORT AT WELL NEED TO SEE SOME BULLS COME INTO THE MARKET TO PUSH PRICE FROM CURRENT PRICE BUT SHOULD SEE BECAUSE OF THE FUNDAMENTALS OF THE US. WITH...
The reason this play should play out because since the beginning of March the Pound has been in a downtrend creating lower high and low prices, And the trend has be verified.
On the daily we have a collection of variables that support the down move .
1st We have market structure creating lower swing points on the daily frame with price currently at a lower high...
NZDUSD IS IN A VERIFIED UPTREND MAKING HIGHER HIGH AND HIGH LOW PRICES ON THE DAILY AND ON THE HOURLY FRAMES. The confirmation we have is that price create a nice bullish pin bar on the daily with bears being rejected at the 0.605 lvl and also the 50 fibo lvl on the 1hr frame, & solid bullish follow up after the closed candle.
You also have price currently pulled...
GBPAUD IS CURRENTLY IN A VALID UPTREND ON THE WEEKLY CHART WITH PRICE CURRENTLY MAKING HIGHER LOW AND HIGHER HIGH PRICES over the past 3 years. Price has retraced back last week and created a strong bullish pin bar with lots of buyers based on the long lower wick at the bottom of last weeks candle. It also retraced back to the the 78 fibo level and proceeded to...
