Weekly outlook on EURGBP, pair has been in a range for months bouncing back and forth off support and resistance, the pair is a toss up between getting back in an up trend and falling out into the lower level of restructure, this is dependedent on news, and strength of pair, waiting on break and retest of higher high or lower low on different structure levels to...
USDCAD looking to continue upwards after bouncing off the Floor or Support and retesting new higher highs, also broke multi month long sell channel looking bullish, looking for break and rest and continuing up word for foreseeable future depending on news and dollar strength index.
Looking At Similar Positions as EU & GU, Recovering from strong dollar index, could bounce off support and continue on with buys all week retracing, or could fall out, waiting on breaks and retest to decide direction also depending on news and strength, Structure says continuing back upwards from lost news progress.
Analysis for GBPUSD, Price failing to make high higher and could continue small down trend or reversal at current point, looking to see uptrend continue back on upon retracement depending on news and dollar strength index, may stay in sells all week before final reversal or major fall out to lower structure.
Looking at possible bounce off support to continue back in uptrend, or possible failure to a level below based on news and failure of current structure level, no clear indication until we see break and re test on a certain direction.
