DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
Strong rejection at 1.36200 which also shows confluence between two resistance areas which can possibly be regarded as a potential plunge to 1.35160.
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
Price had already broken the price channel that has been formed since April 2020. A clear head and shoulders pattern can be seen in the price channel,...
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
USDCAD might go down since it broke down the price channel that has been formed since June 12, 2020. Price may go down to 1.33600 where the major support...
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
From the looks of it, the price is already at a downtrend. Bearish symmetrical triangle has already formed in the chart. There would be a possibility...
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
AUDUSD has been surging since it plunged to 0.055090. Since then, it came back to where the bulk of trading happened at its price channel where it also...
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
Double top had just formed indicating a possible continuation of a downtrend. If DXY weakens, it would be possible USDCAD plunging again towards 1.33800 or 1.33338
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
AUDUSD has been surging since it plunged to 0.055090. Since then, it came back to where the bulk of trading happened at its price channel where it also...
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
Price has already deviated away from a strong price channel that has been created since July 2018. The price that surged to 1.14691 just retested in...
Strong rejection at the current price level 1.11004 to 1.10965. Possible scenario would be to plunge from the 1st value area down to its lower boundary value and possible break this strong psychological support at 1.10708
May go down the value area low or the mid line. Shows lots of rejections from the value area. Strong psychological support at 1.08081 and a much stronger support at range 1.05692 and 1.04785.
May penetrate and retest at the 2nd psychological support at .7541 to .7537. If it doesn't hold, it may retest at 3rd psychological support which is between .7520 to .7517. It could also bounce and retest at the psychological resistance between .7579 to .7581.
Psychological support ranges between 1.0100 and 1.09986. Possible scenario would go and test the resistance or break the support and go down to 1.09654.
We could see clearly how price rotates in these parallel lines, practically joined together, becoming as support and resistance. We may perceive these as a boring trend, but excitingly, these would be the perfect opportunity for us to execute a position when the underlying response creates an imbalance to the supply and demand dynamics of the market. These areas...
Flags and pennants can be seen as shown in the chart. Corrected from the support line. Still looking bearish as what we see from the bearish divergence in MACD.
