Price currently at buy zone with 38.2 FIB @ 1.66.450, supported by channel. Price is very much oversold with 4hr divergence in play. Looking for minimum 500 pip move. Will buy this next week.
Very strong resistance at 0.940 level with two trend line crossover.
Falling wedge pattern. Good R:R for long at 1.4150.
Buy @ 0.7055
Few reasons to buy EURCAD now. Approaching 50% FIB level @ 1.4280 and a falling wedge pattern indicating reversal.
Daily Trend line convergence with a re-test of previous trend line now acting as resistance. Sell at 0.900-0.905
EURNZD hit upper daily trendline resistance. We should get a nice correction. 1st target will be 1.68 with the final target at 1.665
Great R:R for Selling GBPCAD
Possible short at current price level 2.03. Weekly price candle did not clear above 61.8 Fib. Looking for price action on smaller time frame before shorting but a potential +900 pips trade
GBPNZD is ready for a few hundred pips pull back. Price is over extended and has now reached weekly 38.2 Fib with a confluence horizontal resistance line.
We are at all time low with this pair and have now reached point D on the Butterfly pattern. Expect a re-tracement for easy 300-500 pips.