Coming into nice rejection zones also will be looking for a bounce off the 0.78 level will be interesting to see how this plays out. Also some news in the next 45 minutes which will effect it.
Waiting for confirmations and support of levels marked out above.
entered our buying zone marked out on August 4th . CAD looks to be weak , multiple rejections to the 0.78 level on our Fib marked out which may indicate buying pressure is still strong. Key levels marked out on the chart that we may take partials on along the way.
Nice support level around 141.00 mark. will be taking long to 141.60 minimum. Bias is bullish , Ascending channel confirmations on multiple timeframes
Multiple Rejections around 78 Fib area and huge support zones , along with it being in an uptrend . We should see an advancement to the upside news pending.
In a massive resistance area, Price is key in this area dont enter without confirmations.
Lots of support around 1.9930 area. we should see a push to the upside on this pair during the next couple of days. Price action will be critical around these levels marked out.
Price around our area of interest, looking for rejections before entering.
Price rejection from 4HR & D1 resistance. Extra confirmation as price then rejected in the golden zone of the pullback to the 78&618 fibionacci level as shown in the chart. Looking to take it back down to the support level.
Possible long opportunity on GA - trade idea on chart.
EURCAD is in a strong descending channel we should see a push down to the 1.5500 level , after which we may open a buy on this pair as it is a significant buying zone.
USDJPY has been consolidating after a big move upward which was resisted @ 106.40-46 price level. After todays surge upwards which broke the 106.40-46 level we begin to see that buyers are starting to take over the market. Also if we zoom out onto the daily we can see that there is a bullish engulfing candle which is significant as it also backs up our analysis...
As the dollar begins to gain some momentum we will see a nice retracement on EURUSD , We are beginning to see early sign that the bears are starting to take over , however this pair is not at an ideal selling range as of yet. i would wait for it to hit 78% zone before opening any longterm shorts.
so as you guys can see from my previous analysis we have entered into a huge buying zone for usdchf we will see lots of buyers come into the markets soon, USD is starting to recover and the change in the markets is about to begin , i am in a long since 0.9150 i expect this pair to grow over the coming weeks , please always use correct risk management on each...
Gold has broken its trend i expect a retest of the 2020-2030 area before continiung downwards, It may completely fall from its current price however personally i feel that it has some buying pressure left and will test 2020-2030 over the coming days thats where i will open a short :)
Currently at a key level , Lots of selling pressure around this level, expecting a retrace to 78. We will see how this plays out looks bearish on lower time frames
Wait till or if it approaches our buying zone this is the best place to open a buy :) as we have lots of support below us , stay patient guys