Hits support line of a trend which began at the start of 2016 Long term and short term Fib 0.6 Level which coincide with support line Late 2015 Resistance of a downtrend becomes support of an upward trend Oversold RSI at around 30%
The USDCAD is forming an ascending triangle that is slowing breaking out of the 132.5 area. Currently, oil just hit a major resistance area of $50 meanwhile based on the crude COT report warns of further losses. Also, the retail crowd is heavy short the USDCAD, which points to gains. I just got long again yesterdays pin bar targeting the 1.36 area. This should...
Waiting for the break below and CLOSE below the 103.350 on the hourly chart. DO NOT ENTER OTHERWISE/EARLIER. -Breaking short term support -Breaking the 0.236 fib level -Volume thinning down
After previous targets have been achieved, looks like it is time for US Dollar to cease some positions to other currencies. Eventual Gartley and ABCD patterns will shows the first targets but, in the end, I expect a move towards 91 ish area to complete a corrective triangle. Closing a week above 96.75 would invalidate the patterns Looks like we still have some...
The first possibility that I see on GU, is. That it can get to 1.368 to retest and then go back down. Of course GBP is really weak at the moment, that's what I see so far. I will update, GL.
I think its time for USD index to drop a little back because of some bad datas about employment,NFP and so on,so i am expecting some retracement to 0.382level FIB , and then USD can continue to the sky :) thats mean i will short all USDXXX pairs and long the opposite including GOLD and SILVER :) Wish good trading week :)
USDJPY has been in south range scenario over the most recent couple of months as it struggled with going underneath the equality level ( parity level:) The USDJPY has pushed above trend line resistance just yesterday @ 102.0 level which equals to more bullish possibility. Hang on tight 'cos higher we go!
Bullish in this pair. Read comments on chart. Follow me at www.facebook.com
This descending triangle pattern on the daily chart of USD/JPY offers an opportunity for a short trade in case of a downside breakout. The triangle's borders are marked with the yellow lines. The cyan line is my potential entry level. The green line denotes my take-profit level. I will set the stop-loss level to the high of the breakout bar (not shown on the...
Hoping to see a push down from black TL & MA as it has done in the past , may fall into a descending channel. First target is around 101.00 then 100.60
Based on our analysis of the KazanaWave pattern for USD/CAD we are forecasting a target of 1.3252. Happy Trading.
DXY is in tighter ranges forcing a breakout or breakdown pretty much soon. I'm anticipating a strong move up into known highs before moving back down. Might actually make another high, creating the illusion of double tops and then a stoprun up before moving down. We'll see how this goes. Good luck!
I still expect a pish up on DXY and, as a consequence, a move down on Gold and Silver. Spotted a possible Gartley pattern which correlates with a bounce down from the Hagopian Line of my bearish fork. Will take a short position on a Hagopian re-test or when price breaks back into a bearish fork. SL: 20.50 TP1: 18.70 TP2: 17.90