USD
USDCAD: Key Weekly Levels
USDCAD is falling like crazy.
here are the strongest key weekly support levels to catch a pullback:
support 1 - 1.33 - 1.335 area based on a major rising trendline and a horizontal structure
support 2 - 1.30 level based on a horizontal structure
Closest key resistance:
1.37 - 1.38 area based on a horizontal structure
also, many questions about the current price level 1.35
it is also a strong structure level, however, the reaction from it will be most likely quite limited so I have just neglected it on purpose.
however, if you see a decent opportunity on that, why not to try to catch it)
EURUSD: Key Levels
EURUSD started a strong bullish movement.
Multiple strong resistances are ahead.
Key levels based on 3 days chart analysis:
Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure
Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure
Resistance 3 - 1.15 levels based on a horizontal weekly/3 day/daily structure + it is this year's high
Closest supports are:
Support 1 - 1.0975 level based on a recently broken daily structure
Support 2 - 1.08 level based on a horizontal 3 days/daily structure
pay attention to the lower timeframe once the market reaches one of these levels to catch a pullback or reverse
apple inc The good thing about apple is that we are in an increasing tunnel. The trend line is working properly until now. The first resistance point is at 327 dolar. If it breaks this point I thing it will go up for long time. But it it doesnt break the point 327, be careful about a hard fall. You can put your stoploss beneath the trend line which is 315. The graph is for education. Thanks for your support
USDCHF Will Break Soon!!! Scenarios & Key Levels:
USDCHF keeps contracting within a classic symmetrical triangle formation.
with a sequence of lower highs and higher lows the market is clearly trading in sideways.
quite soon its gonna break and the side of the breakout with high accuracy will show as the future direction of the price.
in case of a bearish breakout, the next goals for sellers will be 0.96 / 0.951 levels based on a daily structure.
in case of a bullish breakout, the next goals for buyers will be 0.979 / 0.984 levels based on a daily structure.
good luck!