This pair has a habit of coming back to 1.3000 so I am looking for a short opportunity before it goes long. Three pin pattern and moving averages crossing over gave me a confirmation to go short. Watch price action before trading.
Lyft was founded in 2012, and it generated more than two billion dollars in revenues last year.
Still, there are also some striking throwbacks, beginning with the fact that Lyft is losing a great deal of money: $911.3 million last year, $688.3 million in 2017, and $682.8 million in 2016. That’s almost $2.3 billion in three years. Therefore, In my opinion LYFT...
I am bullish for this pair because the Daily Candlestick closed as a Doji
Price did not close below 1.3000 (monthly key level) , got rejected twice, three pin pattern formed showing signs of possible reversal.
Watch price action before trading. Cheers!
Multiple rejections at 0.7100,double top pattern spotted, three pin pattern and moving averages are also supporting downside.
AUDUSD also has a strong correlation with Gold and since Gold is struggling, I am still bearish for AUDUSD.
Watch price action before trading.
Bearish engulfing & multiple rejections at 1320 key level.
MA very close to cross over EMA & Strong bearish candlestick pattern suggesting further downside.
Moving averages crossed over, trend line broken, went lower and retested 1295 but formed a three pin pattern and closed with a bearish candle formation.
Therefore, I am bearish for...
Daily= candle closed as bearish, moving averages crossed over.
4H= formed a new low, moving averages supporting downside, broke the trend line.
Fundamental Factors: Canadian Dollar is overall bullish due to oil and positive GDP report.
GBP is unpredictable due to Brexit uncertainty.
Therefore, I am expecting GBPCAD to fall further.
I am not a...
Canadian dollar has a strong correlation with the price of oil. When the price of oil rises, the value of the Canadian dollar also usually rises. I am expecting USDCAD to fall further on smaller time frames as double top pattern has formed and moving averages crossed over. Another reason of CAD being bullish is the Canadian GDP report as a jump in...
Due to Brexit uncertainty, I believe GBPJPY is set to fall even further. It has already broken the ascending channel and the trend line is no longer valid. Watch price action before trading.