USDCAD POTENTIAL BUY
WATCH over the next day or two, I expect it to break out of it's current supply and demand zone, retest it and move upwards. The Eclipse on my chart is the expected Retest area.
Heavy resistance zone about 50-70 pips above current Supply & Demand zone, so take with caution.
BUT with CAD being a commodity currency, and oil starting to...
USD/JPY
Probably will reach target (A) because it went higher/high and touched the support line .
Also there's a chance to hit the next retracement level .
Good luck !
The Aussie closed the week taking out a key support around the 0.7603 level as well as two key trend line support levels off the 4h and daily charts. We are currently coming into a 4h demand level around .75 so a bounce around here is not out of the question.
However, given the weekly close and weakness in the commodities markets following China cracking down on...
My opinion about this stock will be bear since the price already did breakdown the the level of 1.33921.and its time for me to short this stock...will the stock bear from now?
EJ loves to put in bear flags. Right now I am seeing an ABC correction bear flag and will be looking to a sell to the bottom at 112.29 if it breaks my SLTL.
AUDNZD has reached a critical point at the top of my sideways box. If price action can close and reverse and break outside of the wedge I will look for a sell to the bottom of the box.
The price broke out of the wegde, but got knocked in again by the 50 SMA and has now formed a head and shoulder pattern yet to be completed. Price got rejected at daily R1 Pivot and is moving down to complete the HS. Daily is aswell showning signs of a top, stochastics are overbought. 1H has RSI and Stoch overbought and the trendline on RSI has been broken. A...
