Based on our bias for a strong CAD, we analyzed this pair from the weekly time frame down. What we are seeing is definite bearish activity within our support and resistance lines drawn as well as seeing that we are in the sell limit area of the RSI (relative strength index). If you'd like to enter sells on this pair this month, expect to take profit in the area...
Starting from the weekly time frame to the daily time frame, we can see that there is definitely bullish activity for CADJPY. We are also expecting a pretty strong CAD due to our trading analyses on other CAD pairs.
On the H4 time frame, we drew a fibonacci retracement and can clearly see potential entry areas at 38.2, 50.0 and 61.8. With that being said, should...
EURJPY seems to be ending its bullish integrity into this upcoming trade week.
We see an opportunity for Bears to enter right around 129.730 and 129.5920 .
If you choose to enter this week, expect to take profit around 129.053 and 128.917 .
USDCHF is expected to make a higher high this week based on our analysis from higher time frames.
With that being said, there is a possibility of a great BUY entry right around 0.92565 .
Take profit levels for the week right around 0.93529 and 0.93772 .
EURCAD has hit a monthly support area. Therefore, expect a nice BUY entry on this pair when market opens this week.
Enter your order around 1.48326 and 1.48675 , set your TP between 1.49719 and 1.50052 .
We are continuing to see Bullish integrity on Gold this week (possible for the short-term).
We've drawn out a nice entry level here with a SL set.
Expect to take decent pips into profit around 1762.84 , possible to head all the way up to 1776.06 .
Based off of higher time frames, we can see that there is more Bearish integrity left in GBPCAD for this week.
Drawing a fib from high to low (November 29, 2015 to August 18, 2019), we can see that that there is a clear support level of 1.722206 .
A great entry for Bears this week is right around 1.74876 . Expect take profit levels at 1.72206 .
EURNZD is heading towards a very nice entry zone for Bulls based off of our Pivot Point template.
If you enter around 1.65714 , expect to take profit this week somewhere around 1.68047 . Remember to always set a Stop Loss for yourself. Risk management is crucial.
Based on what we see from the higher time frames (weekly time frame), we can see that price may enter a nice SELL zone for bears on AUDCAD.
For this specific pair, keep an eye out and let the market come to you.
A great entry setup for Bears is right around 0.98110 , you can expect to take profit either at 0.96995 or more aggressively at 0.96200 .
We are expecting price to head up to a SELL zone for AUDUSD this week. If price reaches close to our entry point of 0.77640 , expect to take it down to take profit levels of 0.76500 and even more aggressive at 0.75483 .
Our confluences are based off of fundamentals on AUD this month, the 21 EMA and our Pivot Point levels.
Although we have a Bullish bias on EURUSD for the long-term, here is a short-term SELL setup for our new week/new month.
Drawing a Fib off the the H1 time frame, we can see that if price reaches the 50.0 entry level of the Fib, it would be a great entry for Bears to take it down to the 138.2 and 161.8 take profit levels.
Drawing our line of support at 1.19519, we...
Drawing a Fib off the Daily time frame we can clearly see that price is right at the 6.18 possible reversal line of the the Fib.
With that being said, we are seeing an opportunity for Bears to enter the market for GBPCHF and once price reaches the 61.8 golden ratio zone, we can expect Bears to take profit and leave room for Bulls to make their entry to take it up...
We are seeing price come back to a nice area for Bulls to possibly enter on Bitcoin.
Keep a close eye on this pair at market open as we shall see that gap possibly hit right on or close to our entry level for that Buy.
Remember to set your stops and take profit levels appropriately.
We have many confluences for Bearish integrity with USDCAD for at least the next 4 years.
Starting from the weekly time frame, we can clearly see an M formation starting at January 11, 2015.
And moving down to the H4 time frame, our Momentum indicator shows us that price is already at an overbought area, so we can expect price to move to the downside in...