CAD/JPY EXPECT BULL SOONFirst, if you found this helpful please like and leave a comment in the comment section for more discussion, and don't also forget to follow for more updates
Let us traders watch out for this pair this coming week. If the price brake to the upside that means I m on point and the price is facing WAVE C to complete the zigzag correction.
Goodluck
Fxsignal
Good days are ahead for the Loonie tradersUSDCAD is really a worldwide political-news related pair!
OIL is not so predictable these days. there are unpredictable conflicts around the world. But the pair is going to move in a clear channel after following undecidable hours!
REMEMBER! This analysis is valid until any BIG news related to oil market.
I think the bearish setup is more probable here but I make myself ready for the bullish one too!
2 Possible moves for EURUSD pair - SHORT then LONGWe can see EURUSD trading in a channel range on the bigger timeframe of Weekly.
Currently we see the pair ranging in a local area of 1.119 to 1.138 after dumping down.
The MACD is still strongly trending down, not yet showing clear sign of reversal in momentum.
1. SHORT TRADE :
We can look to SHORT the retest of the neckline it has broken down from, 1.15.
Target the bottom of the channel around 1.1035
SL above the 3 EMA 50, 100, 200
2. LONG TRADE :
We can look to catch a LONG from the support zone confluent with bottom of channel line at 1.098
Target top of channel but TP along the way.
SL below channel support line
I mainly trade cryptocurrencies as I love the volatility.
Let me know if I should do more forex pairs.
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XAUUSD🤑 Retest support 1825$📈XAU / USD quotes continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1856 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1825 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1925.
HAve a nice trade!
GBPUSD❗Buy 1.34💲GBP / USD four-hour chart. The currency pair is being held in the overwhelming area, but now a corrective movement from the level is developing on the chart. The target for the correction can be a level that limits the price exit from the oversold area.
Trading solutions: buy 1.34 take profit 1.3428
Have a nice trade!
EURUSD❗Correction after the breakdown of the support level 1.143The four-hour chart of the EUR / USD pair. The currency pair continued to move downward and reached the mark. This level, as a rule, does not affect the price, but it has one important property. If the price easily passes the level, then the development of a correction should be expected from the level.
Have a nice trade!
XAUUSD❗Retest of the upper boundary of the channel 1850❗💲Gold shows a breakdown of the ascending channel, I expect a retest of the upper border to confirm the breakout, or a breakout of the upper border and return to the range. So far, everything looks very favorable for further growth.
Have a nice trade!
USDJPY❗Pump price to 114.20💲USD / JPY four-hour chart. The currency pair tested the resistance level at 114.06 (6/8). From the current positions, we are waiting for a pullback movement to the four-hour supertrend line. After that, the upward movement can be resumed.
Trading solutions: buy 113.77 take profit 114.20
Have a nice trade!
GBPUSD📈Support level 1.3306⚡GBP / USD four-hour chart. The currency pair has broken through the support at the level and is now in the oversold area. Perhaps, in the short term we will see the price going beyond the oversold area, but in the mid-term the priority is now the scenario with a decline in quotations towards the lower border of the 1.3306 oversold area.
Have a nice trade!
EURUSD💲 Strong support 1.1475❗The four-hour chart of the EUR / USD pair. The currency pair fell sharply. The price tested the main support level 1.1475. This is a very strong level, so the price was unable to overcome it immediately. From the current position, we can expect the development of a rollback to the four-hour super trend line. After that, the downward movement can be resumed.
Trading solution: sell 1.1530, take profit 1.1450.
Have a nice trade!
XAUUSD🤑 Retest support line 1825$📈XAU / USD quotes continue to move as part of the growth and the beginning of the development of the large "Triangle" pattern on the daily Gold chart. At the time of the publication of the forecast, the price of GOLD is 1824 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1825 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1850.
Have a nice trade!
USDCAD❗Correfction on 1.275💵Currency pair US Dollar Canadian Dollar USD / CAD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2441. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1.2375 area. Further, a rebound upward and a continuation of the rise of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.2575.
Have a nice trade!
EURUSD📈Resistance level 1.1627❗The four-hour chart of the EUR / USD pair. The currency pair failed to gain a foothold above the main support / resistance level, but the four-hour super trend line continues to be held. Therefore, the bullish scenario of the movement remains the priority. We are waiting for the price on the daily super trend line.
Trading solution: buy 1.1575 take profit 1.1627\
Have a nice trade!
XAUUSD🤑 Growth to 1845📈An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the "Triangle" pattern. Cancellation of the option to raise GOLD prices on November 9, 2021 will be a fall and a breakdown of the level of 1735. This will indicate a breakdown of the support area and a continued fall to the area below the level of 1695. Expect an acceleration of the rise in XAU / USD quotes with the breakdown of the resistance area and closing of the price above the level of 1825.
Have a nice trade!