By the look of what we currently are seeing from this pair, we should be ready for another drop back to previous lows. This extended bull move was the start of the week where price had to print a new high before we start to continue lower as the week unfolds.
I think the pullback is over and price will continue to find its way up now. Using the fib levels, we have a pullback to 0.68% levels, that could highly produce buying opportunities. I a expecting a bull move from current zone.
Here is my reason for selling usdcad this week. Looking at the monthly timeframe, we have a range that has been broken and price is now looking to sell to the previous lows and to even close below that price.
Given the resistance we have from 1.36700 area, I would consider looking for sells only. If you have any other view, understand that this is from the fact that am expecting the dollar index to drop.
I think price is done pulling back after providing a new low, for now we should expect price to start pushing lower to close below the previous low. We have a long ride on this one to the downside.
We are selling this considering that price is expected to be retracing back to close below the previous low.
Expecting price to move higher, given that its in a bull trend. Key Support : 163.000 Key Resistance : 195.000
Expect buyers to push through new highs as price starts consolidation before the bearish continuation proceeds. Look for more reasons to buy for now.
I am expecting the price to pull back and test that falling channel resistance before selling this.
I still think USOIL is bullish for now. Selling it is not a good Idea and my first target is the previous higher high around 84.00
Here we see price is in a bearish trend, and joining the trend is the best possible solution to this puzzle.
Bearih trend intact. Price to move lower. eller are in play a e peak. ait fo a move do. MOve thi hit don boy.
Expecting a bullish move given the bullish trend that begun last week but one, with a bounce on the 4hr timeframe.
You will remember this Mark. The dollar index is bullish temporarily before a long bearish move expected to push price down to the previous low.
USDZAR still bearish, But do not forget that the main trend is bullish.
Looking at how bearish price seems, i could consider selling the test of that right shoulder of this rejection pattern. (head and shoulder's pattern)
Look for buy positions given that we are looking at a duble bottom for the bullish continuation that we still are in. target is 137.00
GBPNZD BUY TRADE Confirmed head and shoulder pattern on a bullish trend.