From H4 TF price is moving in the ascending channel where price recently was rejected at yearly high of 1.8450+- since Euro session till US session is closed. The price now is closed near to the lower trend line of the ascending channel.
The price respected the ascending channel lower trend line since mid of May21, the price may either:
1)bounced from the line...
From D1 and H4 TF both are in downtrend .
Recently CAD sentiment is strengthening since Apr21 BOC rate decision.
Price is moving in the descending channel where price recently is rejected at key level indicated as zone B.
Look for sell opportunity if the price were to retest again at zone B for better entry.
Do take note coming week BOC rate decision at Wed...
As we can see UsdCad in both D1 and H4 is in a downtrend with price recently has approached to resistant of 1.2125-1.2150+-
Wait for the sign of price rejection at this sell AOV before trade execution.
Do take note that tonight NFP and CAD employment data at 830pm (MYT) is set to release of which may create some volatility in this pair.
From the H4 perspective, price is in an uptrend with recent price is moving in the ascending channel.
As we can see from the chart itself, the price was bounced off from the lower trend line of the ascending channel since early of May21 3 times with recent bounced off was near the key level support zone indicated as zone B.
Price likely to project downward at...
From the H4 perspective price recently is in an uptrend channel respecting few bounces as the price approaches to the lower trend line since last week of Apr21.
Price likely to project lower early of the week till coming Thursday to the fib level 50.0 or 61.8 before continuing its bullish movement.
Thus, look for buy opportunity, If the price were to breakout of...
From the D1 and H4 timeframe, price is currently in a uptrend.
As we can see in H4 timeframe, price recently came into an area of confluence where MA200, key level support zone B and upper channel lower line as well as stochastic 12.95 oversell region.
Look for buy opportunity as price may likely to rebound from here till recent swing high of 85.20.
From the H4 perspective, AUDUSD is in an uptrend channel where the price is now just above area of confluence where MA200, lower line upper trend and key support zone 0.7700+-
Look for buy opportunity for this pair, or a buy limit order above key support zone for a better R:R ratio
Remarks from author
1)This analysis does not represent long or short trade...
As we can see from the D1 perspective, the price is in an downtrend with recent upward price correction where it is currently testing on the key zone level where fib level 61.8 is held several times since Mar21.
While as for H4, the price is in the uptrend channel, where the price still has some limited space to project upward before it touches to the upper...
AUD was in a strong bullish movement last week due to to surprisingly weak US job data vs forecast of which has resulted the pair surge a high of 0.7890 on Monday.
The price tested the support of 0.7800 and managed to breakout of the support zone since Euro session today.
Look for instant sell opportunity till 0.7700
Another sell limit maybe consider if the...
As we can see from the H4 perspective, the price has recently managed to breakout of the zone A after 2 weeks of consolidation as indicated black box.
Sentiment on AUD vs USD is likely to be weak as we can observe from AUDUSD where price has been in a bearish mode since Monday US session with daily high of 0.7890+- till as of today 0.7800+-;
While CAD has been...
RBA likely to hold rate unchanged by tmr rate decision at 0.10%
Recently price is moving in a range in H4 timeframe since mid of Apr21.
Monitor the price movement at US session later for direction confirmation. If price were to reverse due to strong USD sentiment to retest the recent support zone B as indicated, look for buy opportunity at zone B till next tp...
As we can see there is a rising wedge pattern at H1, the price likely to proceed for a short term uptrend till 131.00 first before the seller pressure comes in.
Look for sell opportunity zone A level with a tight SL till next TP target of 130.60 (short term setup)
If the selling pressure persist and breakout of the zone B, look for further sell opportunity with...
As we can see from D1 and H4 perspective, both are in a downtrend.
BOC maintain rate unchanged 0.25% resulted in huge selling pressure in UsdCad with about 150pips +- after the news is released.
Recently we can see in H4, price has just breakout of the zone B, the price may retest the resistant again before continue its sell direction.
Look for sell opportunity...
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
As we can see there is a H & S patern at D1 and price recently ranging across with no confirmation of direction.
Wait for price to form a clear picture for trade execution, employment data is set to release on Thursday 9.30am MYT with previous data 88.7k vs forecast 35.2k, price may fluctuate during data is released.
If the employment data is good, it may have a...
If price manage to break out of the lower uptrend line and close below fib level 61.8, look for sell stop for execution
If a short term correction bullish movement continues, look for sell opportunity near sell AOV with sell confirmation
RBNZ on Tuesday is likely to remain the keep the interest rate unchanged at 0.25%,
Look for sell opportunity for this...
AudCad h4 is in downtrend, price approached resistant indicated as green zone and tested with the trendline but it was unable to closed both above resistant.
Next support on this pair is 0.9500
If there is bearish flag pattern is formed, look for sell opportunity near sell AOV.
Stochastic at 72.85
Remarks from author
1)This analysis does not represent long or...