Price has just broken significant weekly level. Current sentiment play out in the US is hindering USD strength.
Inside bar range breaks usually followed buy rathe strong upwards movement for a few days. Be ready to close trade because price also reaching long-term high.
ECB tightening with EUR data meeting expectation
BOJ still in easing
Close to 3 months range break, watch out for a small retest to the low, this week price action show it might have been retested.
The USDCAD has been in range bounce for about 2 months since Oct 2017.
Downwards breakout has been tested in the H4/H1 timeframe.
Aim for the next weekly support level at around 1.2400. Preferably set your profit a few pips above that
USD is still long-term strong currency. However the holiday season have causes momentary weakness in USD.
The price action just broke and close above major weekly resistance level around 0.7050 which also a nice BRN.
Go long to target just below next resistance level at 0.7200
While DXY show a retreat during the holiday season, JPY is creeping up slowly.
This pair is in range bounced market since about January 2017.(107.00 - 114.00) range.
Manage this trade and if price action goes passed (111.00->110) we could reap a very good potential return.
Price has broken a half year long uptrend with retest that was failed on Dec 20, 2017. Since then price continues to marching south.
Target for lower daily level around 1.6263, however, if price action rebound around daily level at 1.6690 we can close our position.
Enter at market with STOP above the bearish pin bar 1.7076
Price has been in the range since Sept 2017. Bounce up and down between strong Weekly level 131.5- 134.4 level
Bearish pin bar formed on 21/12/2017 rejecting the upside movement above 134.4
Target profit near to 131.5 and set SL above weekly level resistance