Price has recently broken the down trend and is showing bullish movement. I expect price to retrace to 1.47 and then push upwards to the POC (1.485). Remember to use proper risk management.
NZDCAD has broken out of a downtrend and shown bullish price action. I expect price to retrace to the 0.81 support level and then push up to the 0.826 level. Remember, risk management is key.
EURUSD has recently broken a downtrend line and is rapidly approaching an area of high market imbalance. Once price breaks the resistance level and 200 EMA, I expect price to reach the 1.0435 level.
From a technical standpoint, USDJPY is entering extreme bearish territory. A monthly trend line has been breached and the weekly RSI level is showing that UJ is still extremely oversold. UJ is also approaching a a level of high market imbalance, as shown from the volume profile. With all of this in mind, I expect price to continue falling to the 136 level....
With a rising dollar and Fed rate hikes on the horizon, I expect the price to move to the upside. From a technical viewpoint, price has recently broken a channel as well as a resistance level. Remember to use proper risk management!
NZDUSD has been in a downtrend for quite some time and has recently broke through a strong level of support. Currently, price has pulled back to the level and I am patiently waiting for a rejection and a short to set up. If price does begin to fall again, I expect it to reach the 0.61 level before any reversal occurs.
USDCHF has recently broken through a downward channel. I expect price to retrace and bounce off of the channel towards last month's highs. However, looking at the last two months candles, price may fall to the downside. Remember, trade wisely and use proper risk management.
Recently, I shared an idea about AUDCAD breaking through a support level and pushing downwards. I entered the trade, secured partial profits, and expect price to fall to my initial TP target of 0.87. Additionally, I have added an ambitious second target around the covid lows of 0.83. If price pushes past my first target, I plan on staying in the trade until the...
Price has formed a double top on the 4H time frame, crossed under the 200 EMA, and has continued in a down trend. I expect price to push through the support zone and reach the 0.94 area before any bullish reversal.
AUDCAD has been in a long term downtrend and a strong support level has finally been breached. I expect price to retrace and then potentially fall to the 0.87 level.
EJ has repeatedly retested the 144 zone and has failed every time, forming a triple top along with a bearish trend. I believe price will fall down to around the 140 area before any bullish reversal happens. Remember, risk management is KEY.
Despite the strength of the dollar, USDCAD has begun to falter. After a break below the the uptrend line and the 200 EMA, I expect price to fall to the 1.268 level. Remember to use proper risk management!
Price has recently broken a downtrend line and is showing bullish movement. With a hawkish fed and growing global uncertainties, I expect DXY and USDCAD to rise.
EURNZD has been in a bullish trend for a couple of months and recently, a strong resistance level was broken. I expect price to retrace back to the level and bounce as support. TP is set at the next major resistance level.
NZDCHF has been in a downtrend since the beginning of spring and has recently broken a strong horizontal level. I expect a pullback and then a generous fall somewhere between 0.6 and 0.59. What do you think?
I expect price to break the downtrend line and respect the long term bullish trend. TP is set at 1.0644 but price could potentially push all the way to 1.0785. Remember to use proper risk management!