Possible Reversal on USDCAD however it is best to wait for futher confirmation via Candles or MACD
Long Term bullish momentum, possible pull back opening opportunities to buy on the dips. H4 CUP pattern, Handle pattern to be created for short term.
Keeping an eye on gold moves to outline the moves of USD
Very Volatile no clear long term view, only short term scalping opportunities.
Clear close above resistance of 1.23800 on H4 view. we will look at bullish continuations technically and fundamentally need to be aware of US data releases, could cause push in our desired direction of temporary testing of our pivot levels. Nonetheless the broad outlook all favours the bullish direction from bullish engulfing monthly candle to weekly pivot candle...
Support Level, Candles reversal, Going Long
The USCAD is currently in progess of forming it's cup's handle pattern, due to this I am in the opinion of bullish moves and buying opportunities. We need frank weekly closure below 1.2300 to ensure further bearish decline in the long-term.
NZDUSD in a bear market, currently testing the BollingerBand Support and will see a rise to the Middle Band, where we will have short trade entries.
Analysis on the Monthly and Weekly show major trendline broken support and therefore we should be looking for short trades, sell on the highs. charts.mql5.com charts.mql5.com
EURUSD is also trending within a triangle pattern possibly, due to uncertainty of Euro-Zone situations, a clear break may be likely to occur after more direction and straight-forward fundamental news.
USDJPY Forming a triangle pattern of price consolidation, any indication of a break and continuation may identify good trade set ups.
Looking for a bullish continuation on the weekly trend-line, possibility of the price action returning to test the trend-line as a support.
GBPUSD Bullish momentum from last weeks push up causing a break of 1.55000 Resistance line, possible pull backs to test trendline support, overall we are looking a bullish continuation for this week and then further review to analyse the weeks to come. Keep stop lose in suitable place, as when major fundamental events which may come as a surprise this week are:...