I believe there is still downward momentum for this pair and its currently making a retracement.
It seems that USDCAD had completed it upward movement as per my previous analysis. AO clearly shows that there is a hidden divergence and the price has reversed back overnight. I believe the USDCAD will continue to move down as per the projection.
Looks like the price is going to break the momentum trendline. waiting for further confirmation for the price to go up; however feel free to take high risk position at the moment.
This is what I think the USDCAD movement will be. I have closed my LONG position and currently in shorting position (short term basis).
Lower inflation rate on Euro Area nevertheless, lack of any key insight from the FEDs on the rate hike until next FED meeting in March as well as current price of US Treasury Note and USD Index will push EU higher.
UCAD Potential SHORT of USDCAD due to good oil sentiment (reduction of oil production from Saudi) Technical Break Support. Downtrend Channel Hidden Engulfing at D1. Break Bullish mother candle.
EURUSD --------------- Sentiment by MTMS: Bullish on Euro Technical: The price stops at 23.6% of Fibo Retracement @ 1.670 area which is a strong Resistance become Support (RBS) area. The current had broken the resistance at 1.8280 area and believe the uptrend is still intact. Trading Plan: Long EURUSD on short term at the Blue Area.
EU had broken is previous support and currently looking at pullback/retracement. I'm looking at position to SHORT EU both based on technical and sentiment. The Awesome Oscillator also shows convergence which means the momentum down is still real.
British retail sales unexpectedly surged in August, official figures showed on Wednesday, boosting the chance that the Bank of England will raise interest rates in November H4 has a bullish engulfing, I will find any retracement pror to taking a LONG position
USDCAD - long bearish daily candle had breakout by series of bullish candle. I believe that UCAD will be trending higher to 1.249 area with the two High Impact for USD.
UJ had breakout several of its resistance and now, I'm looking for a short term SHORT for UJ as part of Wave 4 which may close the gap that we have in 18 Sept 2017 at 110.730 to 111 area. Once the price is in 110.730 to 111 area, I will find a LONG oppurtunity to complete the wave 5 of this current trend.
Hello! Sorry for long hiatus. We have few news release upcoming next week and I'm looking to SHORT EU at this key area.
No positions triggered for NU and hoping that it would retrace before I took short position
Complete retracement with formation of new lower low. Trying to short with price action and confirmation for lower high.
Last week, we had found short in EU. Now we are waiting for EU to complete wave 4 prior to completing wave 5. Daily - Retrace after Morning Star Formation Weekly - Doji
EU had completed his bullish movement and currently looking at downtrend. Will find to short EU based on price action and confirmationa at the marked area.
I have been trading this pair for a very long time but this year, it is on my trading plan following last week, I will find short for NU with 2 options for short as shown in the chart. Find price action and confirmation before shorting