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AUDCAD BUY- 70+ pips? Once again with my favourite strategy, we have spotted a potential appreciation of AUDCAD: • 3 MA's cross inside the bullish candlestick . • RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch. • All while the Ichimoku convergence line crosses the base line during that candlestick . • Additionally, negative MACD decreasing, looking like it is reversing, with the fast EMA drifting away from the slow EMA . • Only factor that does not go in our favour here is the fact that we are opening a long under the ichimoku cloud. We could expect AUDCAD to appreciate over the next 7-8 hours. My entry: 0.89744 TP1: 0.9010 TP2: 0.9045 SL: 0.8918 This is my view, do share your insights!
Long
by mbarbar
2
First Forex Idea: Flag (continuation pattern) in bullish trendThis action could determine if EURGPB stays bullish on the higher timeframe. The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move. Daily there's a triangle being formed. The blue line is the upper side of the triangle. The green lines are my long entries and the red ones are my possible short entries that I will not take. Flag pattern in a bullish uptrend has a higher probability to continue its trend than to reverse. If you have any thoughts on this, let me know!
Long
by jonathanvn
2
NZDUSD: New Entry Potential (BB% Analysis)+smaRight now, NZDUSD looks like it can have a positive bounce back from the negative draw down of the current bollinger bands indicator. It also seems like it may start garnishing much higher support especially looking at the SMA. The fractals are also there although volume is pretty low. Resistance may be broken soon and it might not be beaten up longer. As always, this is on an opinion based basis. Do your own due diligence and proceed with caution at your own risk.
Long
by gamer456148
EURUSD Upside Momentum Increases on DailyThe EURUSD's EMAs are in a bullish stack. The green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. Moreover the EMAs are showing good angle and separation (red ellipse). This is a signal of a strong underlying momentum. This strength has taken the EURUSD pair above the resistance around the 1.10 level (green shaded horizontal) and price is now challenging 1.1140 (blue shaded horizontal). If the EMAs maintain their formation, there is a probability that price will move above this level of resistance.
Long
by FXCM
4
USDCAD / H4 / Daily Forex Technical Analysis / 4.10.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 10th, 2019 and we will be taking a look at the U.S.Dollar against the Canadian Dollar. Looking at the 4 hour time frame we can see consecutive lows throughout the current area of support near the 1.32951 levels. We can see price action have a beautiful bullish rejection of the 1.32951 support area. With that bullish bounce it may be possible to get a minor retrace closer to that area of support setting us up for what can be a trade within optimal conditions to be profitable. With an entry Long near the 1.33091 area, with a stop loss set near the 1.32803 area below the low of the bullish reversal. Targeting the 1.33668 profit level may ensure a profitable 2 to 1 R/R. We are so grateful to have you as an audience, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 31.30 (horizontal overlap resistance, 61.8% Fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 27.25 (100% Fibonacci extension). A break below our intermediate support level might provide the bearish acceleration to our major support target. Ichimoku cloud is also showing signs of bearish pressure and stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by easyMarkets
AUDCAD approaching a strong level of support, keep an eye out!Price is approaching a major level of support at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up. Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is at 0.9742 (Fibonacci retracement, breakout level). Stochastic (34,5,3) is seeing strong support above 1.7% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill