On M30 we can see rising channel which formed false beakout from D1/4H channel. But this channel has been also broken out of with higher volumes so this is a good short position to take on EURUSD.
For more confirmation we can still wait for the descending channel trendline to be broken back into with high volume but this is good enough signal for me so finally...
USDCAD is showing in M30 chart increased buy volumes opposite to decreasing short volumes. Its also at the bottom of the the triangle patterns from D1 and W1.
Buy at market price 1.3215 and sell at 1.3340
EURCAD which is currently in demand area from 01/2014, 07/2014, 06/2017, 09/2017 formed double bottom which shouldn't be left without notice.
1: First bottom
2: Newly formed peak
3: Second bottom touch
4: If this peak trendline is broken with high volume then take long position
Entry above 1,47 if has high volume
EURUSD should be shorted if we see some volume increase in the triangle formation after downside breakthrough on 30M chart. Downwards trendline is nicely seeable at 4H chart. Lets wait and see what will happen after the breakthrough. If volume increase after breakthrough then go short with:
TP at: 1.0887, 1.0810
SL: at: 1.10373
At this price range and with the behavior being seen in XRPUSD i believe it will start picking up some momentum real soon. I guess it has been said many times but this is yet another view.
- (0) 0.2 - 0.22 has been a demand area in 05/2017, 06/2017, 09/2017, 12/2017, 09/2018
- (1) Heavy demand seen at this point
- (2) Quite a large volume which I can't see to be...
AUDUSD is getting close to some really old demand zones which were respected many times. 4H chart is showing somewhat increased volumes when buying AUD and quite a lot of RSI divergences. TP at: 0.7 area. SL at: 0.65 area
USDJPY is getting close to the JPY demand area and will go short either at the trendline or at the strong demand area around 108.8. Entering short now half of the volume with another pending order at 108.8
After steep decline of AUD caused by US China trade wars...so they say ;-) AUD against CAD is once again in its comfortable place founding some support on levels around 0.96. I am going long on this one for some time since these emotional moves are quick and killing but that long lasting.
JPY again near its demand zone its time to look for short setups I have opened mine at 113.36 seeing high volume USD dump 113,975 not followed by much of and buy back activity at lower lows. OANDA:USDJPY
JPY was always more of risk trade to me since its more susceptible to global economy joys and pitfalls but this time of a year just before christmas holiday I...
Pair is currently in area of high demands from 2011, 2015, 2016 and with a good opportunity of yield carry trade if you would like to increase profits by overnigh swaps. NZDCHF is the pair with one of the highest swaps as you can see on (www.myfxbook.com). Please make sure you check your broker supports swaps on the provided link if you...
EUR/AUD 0.03% is moving in demand zone which on weekly chart nicely depicts the taste for the AUD which is now I believe in the right position to slowly build up your portfolio in EURAUDthe favor of AUD.