Looking at the daily TF we can see that the A,B,C extensions of our Fib have played out. 38.2% Level has been tested but rejected. MA are bearish and open. If we can break the CTL we are looking at Fib targetd D1 and D2. D1 - 180 PIPS - 0.74434 D2 - 410 PIPS - 0.72166
Here we can see the MA crossover, Fibonacci shows that 38.2% has been tested and failed to break this level. We are now waiting for a break of the CTL before selling to targets of Fib D1 - 1.43842 Remember to follow for up-to-date technical analysis. Lee-FX
Here we can see we are waiting for the C touch of Fib before shorting to D1 - 124.250. The 78.6% Fib level also lines up with both Monthly and Weekly Fib targets. If shorting at 78.6% this would be a 1000 Pip move. Make sure to follow me for up-to-date analysis. Lee-FX
Looking at all top down time frames we can see that there is strong overall bearish momentum. The Fibonacci shows we have pierced 50% level with candlestick spikes, a break of the counter trend line would be a great entry with -0.27% D1 target being 1.01650. This trade is looking at around 550ish Pips dependant on entry.
Don't need to say much for this one, an easy 170 Pips.
Here we can see a close below 0.72400 so will short to 0.70400
Here we can see a simple breakout retest and now continuation of the CTL. T1 - 0.77600 looking at 500 PIP move if entered on the break.
Looking at this pair we can see higher highs and higher lows, have broken the most recent channel on the Daily chart. A break of 1.27432 would lead to a buy with T1 - 1.33500
Up trending channel, waiting for a clean bullish break of 120.900 then will drop down to H4 for a precise entry to T1 - 123.600
A long forecast, looking at the monthly chart, placed a Fib and we have bounced from the golden number. Looking at D1 - 74.479
Clean simple analysis here, we can see that we are currently in an uptrend channel. MA have crossed over. Making higher highs and higher lows. Keeping it simple T1 will be strong Monthly historical resistance. T1 - 0.7460 Any breaks of the channel will just lead to re-analysing this pair.
Here we can see that the pair has been in a downtrending channel for some time. 0.77423 was extremely strong support, this level was broken but bought straight back into range. We have now broken out of the channel and can see the MA has almost crossed over. Once crossed we would drop down to H4 to look for a more precise entry, T1 0.81200, T2 - 0.84450
Here we can see we are making lower highs and lower lows, have been in a downtrending channel since July 2014. Using Fibonacci our T1 - 1.43840 T2 - 1.40760. Upon a break of 1.47906 we could enter on a bearish closing candle as this bounced last test.
Can see a double top on chart, taking the neckline and copying it gives us the 1st target, which lines up with strong historical support. Once the weekly Fibonacci D2 is broken we will look for a more precise entry to short to 0.87450. Suspecting a breakout, retest, continuation.
We can see that USD/CAD has been in a massive uptrend for a long time. It has now come to a holt as it is hitting major levels of resistance that are also inline with the current channel. If we see a break of the current resistance we can look to buy with target 1 being 1.33860.
We can see here that the pair has been in a downtrend for some time now. Has hit major support and has bounced. We are now in a up trending channel making higher highs and higher lows. Now waiting for a bounce from fib level before buying to the top of the channel. We can also see the moving averages are about to crossover. T1 - 0.72500
Currently using Fib to wait for an entry, pair is currently looking bearish. Awaiting a touch on the golden line of 61.8%, then a bearish reversal candle on H4 or H1 to take entry to D1 - 0.75650 then D2 - 0.75200.
Looking for a candle closing back within the pennant. Target 1 (117.667) is strong historical support/resistance, Target 2 is the bottom of the pennant. Daily candle is looking to close at Gravestone Doji signifying a bearish reversal. Will look for a more precise entry on H4 chart.