EURGBP is heading to an a clear support area on the H4 chart. The idea is the enter in the bottom of the range.
Possible BUYS in area 1: 0.86900-0.87000
GBPCAD is reaching a clear resistance area:
Possible SELLS in area 1: 1.59353-1.59758
Possible SELLS in area 2: 1.61477-1.61751
Always do you ownresearch
GBPCAD is reaching a clear resistance area:
Possible SELLS in area 1: 1.59353-1.59758
Possible SELLS in area 2: 1.61477-1.61751
Always do you ownresearch
NZDCAD is reaching a clear resistance area:
Possible SELLS in area 1: 0.82234-0.82253
Possible SELLS in area 2: 0.83081-0.83665
Always do you own research.
Daily chart: EURUSD is currently in a triangle with more bullish sentiment then a bearish sentiment
4Hourly chart: Wait for a bullish candle on the trend line or above the resistance area to target the previous highs (1.1850)
Daily
Technical Analysis
CADJPY seems to be in an uptrend. The trend line was tested 2 earlier with a move to the upside afterward.
Daily Candlestick pattern
Price refused to test the previous lows.
4H Technical Analysis
CADJPY has the possibility to raise further after we can spot a trend line break and the first higher highs and higher lows on the 4H...
Daily
In mid-September we had had the trend line break on the Daily chart. It seems we have pullback at the moment. Price has some room to the upside still to test the resistance area around 75.75. The last candlestick looks like a bullish pin bar, but note also that the price closes lower than the start of the day.
4 Hourly
We need to see a clear bearish signal...
-GBPCAD is currently in an indecision area.
-Long entries are possible when we get a clear bullish signal, either above the resistance level or at the trend line on the 4H chart.
-Keep in mind that big bullish candles are not the right entries here. Wait for a continuation pattern or a less bullish candle for a better entry.
Possible long entry
Daily: We had a bullish break of the trend line.
4H Will price break the 0.92 level? If it does in combination with a candle stick pattern (Engulfment or Pin bars). There is a scenario for long trade.
The triangle where CADCHFis currently located begins to narrow. This is can be a sign of possible breakout to the upside or downside.
This means in my opinion we should not focus on the smaller timeframes everything smaller than a daily chart before we will take action on this pair.
Keep in my that this will mean there will be also a possible breakout for...
