GBPAUD SHORTI see market testing the 200 EMA on the 4H TF. Market bearish on higher TF (8H, 12H, D, W).
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Minors
AUDUSD ANALYSISPrice broke downtrendline
We r waiting for the price to exceed SMA 100 and the resistance level at 0.7400 to open long trade
It's expected to target HVN at level 0.7465 then supply zone at level 0.7600
USDCAD ANALYSISUSDCAD is below key level at 1.2730
MACD shows bearish momentum
we r waiting price to exceed level 1.2670 to open short trade
It's expected to target first HVN at level 1.2510
then finally target major uptrendline near level 1.2410
NZDUSD ANALYSISNZDUSD broke uptrendline
Pair is trading in downtrend
Price is based below key level at 0.7245
Below SMA 100
MACD shows weakness in bullish momentum
It's expected to target support level at 0.7130
NZDUSD ANALYSISNZDUSD broke uptrendline
Price is based on HVN at level 0.7175 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected for coming correction to target support level at 0.7065
NZDUSD ANALYSISNZDUSD broke corrective uptrendline
Pair is based below key level at 0.7230
Price is based below HVN at level 0.7190 which indicates that pair is in distribution phase
Below SMA 100
It's expected forming bearish Elliot wave 5 to target level 0.7050
USDCAD ANALYSISUSDCAD is trading in downtrend
Price rejected from 61.8 % Fibonacci level at 1.2639
Pair is based below key level at 1.2655
Below SMA 100
It's expected for coming correction to target support level at 1.2470
USDCAD ANALYSISPrice broke downtrendline
Pair is based above key level at 1.2790
Above SMA 100
RSI is in uptrend
we r waiting price to exceed next resistance level at 1.2880 to open long trade
It's expected forming bullish Elliot wave 5 to target supply zone at level 1.2955
EURCAD - Intra-day trade idea!EURCAD - Technical Aspect: Friday quick trade idea!
Pattern: Triangle Formation
Resistance: 1.53825, 1.53940, 1.54120
Support: 1.53610, 1.53500, 1.53390
A break towards upside of resistance areas, target area of 200 EMA or 1.53940 area.
A break towards downside of support areas, target areas 1.53500 will come into play.
How to approach this trade idea?
Add an alert
Feeling confident - Add limit order
Key tip: I give you my analysis, add your own trade plan towards my approach - add further confluence!
All the best,
Trade Journal
(Just trade idea, not a recommendation)
USDCAD ANALYSISUSDCAD rebounded from support level at 1.2995 with strong bullish movement after forming false breakout
MACD shows positive divergence
RSI broke downtrend
It's expected to target HVN at level 1.3184
then finally target key level at 1.3250
USDCAD ANALYSISUSDCAD rebounded from downtrendline with bearish movement
Price is based below key level at 1.3248
MACD shows weakness in bullish momentum
RSI broke uptrend
It's expected for coming bearish Elliot wave 5 to target first support level at 1.3105
then finally target demand zone at level 1.2995
USDCAD ANALYSISUSDCAD broke down channel
Price respects uptrendline
Price is based above HVN at level 1.3177 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
we r waiting price to exceed key level to open long trade
It's expected to target resistance level at 1.3490
AUDUSD ANALYSISAUDUSD respects uptrendline
Pair is supported above key level at 0.7300
Price is based above HVN at level 0.7277 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows start of bullish momentum
It's expected the continuation of bulls power to target supply zone at level 0.7410
NZDUSD ANALYSISNZDUSD formed reversal pattern " Head & shoulders" after retesting broken uptrendline
Pair is based below neckline at level 0.6740
MACD shows bearish momentum
It's expected for coming correction to target first key level at 0.6624 corresponding to HVN
then finally target demand zone at level 0.6520
USDCAD ANALYSIS USDCAD rebounded from upper edge of down channel
Pair is based below key level at 1.3238
MACD shows weakness on bullish momentum
RSI rejected after reaching overbought region
It's expected for coming strong bearish wave to target first support level at 1.3133
then finally target lower edge of down channel near level 1.30000
USDJPY ANALYSISUSDJPY broke upper edge of down channel
Price is trading in up channel
Price is based above key level at 106.60
Above SMA 100
RSI is in uptrend
We r waiting price to exceed next resistance level at 107.00 to open long trade
It's expected for coming bullish movement to target next resistance level at 108.20
USDCAD ANALYSISstrong bearish wave (A) ended at level 1.3493
then corrective bullish wave (B) rejected from 61.8% Fibonacci level at 1.3630
Price is based below HVN at level 1.3575 which indicates that pair is in distribution phase
MACD shows bearish momentum
It's expected for coming bearish wave (c) to target demand zone at level 1.3355
USDCAD ANALYSISUSDCAD broke uptrendline
Price is based below key level at 1.3620
Below SMA 100
MACD shows start of bearish momentum
Price is rejected from level 50 on RSI which represents as a resistance level
we r waiting price to break support level at 1.3545 and HVN at 1.3566 to open short trade
It's expected for coming bearish wave to target first support level 1.3490
then finally target demand zone at 1.3355
USDCAD ANALYSISUSDCAD rebounded from key level at 1.3510 with bullish movement
Price rejected from SMA 100
MACD shows start of bullish momentum
RSI rebounded after reaching oversold region
It's expected for coming bullish wave to restest major downtrendline at level 1.3770 which corresponds to supply zone and HVN
NZDUSD LONG TRADENZDUSD respects minor uptrendline
Pair broke key level at 0.6478 which corresponds to 78.6% Fibonacci level
of main bearish wave
Price is based above HVN at level 0.6417 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
It's expected the continuation of bulls power to target supply zone at level 0.6750
USDCAD SHORT TRADEUSDCAD broke major uptrendline
Pair broke 61.8% Fibonacci level at 1.3615 which corresponds to strong golden support level
Pair is based below supply zone at level 1.3666
Below SMA 100 on daily frame
MACD shows bearish momentum
RSI is in downtrend
It's expected for price going down towards HVN at level 1.3293 which corresponds to 78.6% Fibonacci level
then finally target demand zone at 1.2959
CADJPY RISING WEDGE LONG CADJPY is on a rising wedge and making a good trendline with nice price action....so its seems to be a good long position and in next weekend it can rise to edge level.... GOOD LUCK GUYS AND IF YOU LIKE MY ANALYSIS GIVE A LIKE ON MY POST ..HAPPY TRADING...
