DrecoFx_

DrecoFx_

NZDCAD just broke out of it supply channel as I do call it. However it facing some hindrances at the resistance of 0.88569, once that is broken we will see a Bullish movement to the target.. Be at alert, and trade carefully!!

DrecoFx_

The Bulls are trying to break out from the long descending Channel. The trend is still below the 100SMA, can we have a bearish reversal or will this trend be broken? keep dem eyes open, If the trend is broken it will be riding the boat' toward the nearest Target. If the trade goes either ways, be ready to catch some few pips.

DrecoFx_

I posted this pair earlier today, The bulls has successfully broken the resistance of 1.38541. I suggest you wait for a retest and a nice rejection of prices at the retest. Candlesticks formation like the bullish engulfing or Hammer will trigger our long entry. Until then wait for a trigger. Stay tuned for more update.

DrecoFx_

I have been riding this pair throughout last week, the USD have been Bullish lately. Having analyzed this pair, I noticed that the Bulls failed to break the trendline and also the Strong resistance. This was confirmed by the 100SMA which resisted the trend from soaring higher and breaking the psychological handle. Expect a very strong bearish movement towards the...

DrecoFx_

Pending inverse Head and Shoulder pattern has been spotted, waiting for the retest towards it support region. We hope to see a nice long position towards the Resistance. Will the resistance hold up or not? We patiently wait for a trigger move.

DrecoFx_

We will expect a nice uptrend movement towards the resistance, still keep your eyes open. If the bulls keep the trade jumpy' it will activate my trading analysis. Trade cautiously.