EddyOneTake777

EddyOneTake777

From my analysis I can see that the UCAD has been in a bearish trend since last week. There was a long wick thrown on the 4 hour time frame from last week. I expect UCAD to rise for about 4 candles before retracing and continuing the bearish trend. I would wait for the next 2 candles on the hour chart and then buy in around the 1.31436 area and close out around...

EddyOneTake777 Updated 

6 levels of rise of the 4 hour chart and it looks like the momentum of the bulls rallying is slowing down. NOT A SIGNAL JUST A THEORY

EddyOneTake777 Updated 

I am still very unsure of what this pair wants to do. As of right now I see a head and shoulders on the higher time frame. I zoom in on the lower time frame and its confirmed. As of right now I am just watching to see what the candles paint. I strongly believe I may be shorting this pair. ***** This Is NOT A SIGNAL*****

EddyOneTake777

LOOKS LIKE ITS FORMING A H&S PATTERN

EddyOneTake777 Updated 

I believe that the EU pair will be rising for the week. There was consolidation between the 1.10707 support and 1.11051 resistance points. The pair has since broken the 1.11051 resistance point which has now become support. A new found level of support has been confirmed by the EU pair tapping the 1.11356 point more than 3 times. I expect some retracement to the...

EddyOneTake777

Based on my naked analysis, I started on the monthly and noticed that my blue EMA was still above my red MA. To me that indicates that the trend for this market is still bullish. Last week this pair ended off in a bearish trend on my lower time frame chart (1hr) which you can see on the chart after 4 levels of drop. The pair now looks like it is forming an...

EddyOneTake777

I believe this pair will rally around the 6.69897 mark!

EddyOneTake777

I believe that the USD/CAD pair will make at least one more level of rise before we are met with some consolidation or maybe even a reverse.