US/Canadian dollar observed on daily timeframe. Wednesday's daily closure illustrates a clear rejection of the 1.31 psychological level. By observing higher timeframes we can see this zone is a significant area of multiple price rejections. Now price has managed to break the zone and complete the retest I am looking to enter a short position on the pair...
USDJPY - Last week we saw some strong moves from this pair due to geopolitical tensions. Initially we observed a powerful bearish push to the upper 107.000 range as the USD rapidly devalued following the Iranian attack on U.S forces in Iraq late Tuesday night (GMT). However, this was short lived and the pair subsequently recovered, climbing to the highlighted...
GBPCHF holding above 1.267 zone since mid-October. On the hourly timeframe we are presented with a descending triangle formation with price making lower lows whilst making continuous rejections from the highlighted support zone. Expecting two scenarios as annotated on chart, perhaps it will be fundamentals which will give price the necessary momentum to...