As we can see the major trend of USDCAD is bullish and we can see some rejection on the trendline. I think its a good R:R setup for going long on USDCAD. What do you guys think?
Form my previous analysis we already reach our target 1.37000. So from the big picture of the trend, we see that the price already reach the resistance, I think 1.37 is a strong resistance right now and we need the stochastic momentum below 80, and its an opportunity for going short. But be cautious that GBP is strong from the fundamental perspective, as we know...
FOMC meeting result make the fed looking hawkish at this moment, so this condition will support the technical analysis setup. From the technical view, the price can't break through the kumo cloud multiple times, even though the kijun sen (blue line) is below the tenkan sen (red line) on a bearish kumo cloud (the ideal position is the kijun above the tenkan if...
GPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise. This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates,...
If you followed my previous analysis, now that you've hit TP, congratulations to you. But if there are some of you who don't use the TP or TP further, you can take some profit and move the SL to break even. Because on the daily timeframe the price has started to move towards the kumo cloud, we are still waiting for confirmation whether the price will bounce when...
GBPUSD has finally broken all its key levels. Now that the price is moving above 1.34, I think there is a momentum reversal to bullish. If you want to go long, it seems that this scenario has a pretty good risk and reward ratio. The current key level is 1.34 as support and 1.35 as resistance.
In the previous analysis I was still neutral towards GBPUSD. Last week we saw the price break above the channel, but got rejection at the 200 EMA. So for now it looks like the major trend is still bearish and the price is still in the range. Key levels are still the same as before, namely 1.32 and 1.34, where 1.33 is the midpoint.
GBUSD is still continuing its bearish trend, but at the moment we can see a bearish flag pattern forming. At this time we can only wait if it breaks down and passes the 1.32 price it will press 1.31 next. However, we still have to pay attention if we manage to break up and penetrate 1.34, then it's probably time for a bullish trend. What do you think about this?
USDJPY has already broken its resistance. Now is the time for us to wait for the retest. If after retest to 114 it continues to rise, then it is possible to push to 115, our key level is 114 and 115. but if the price continues to fall past 114, then this scenario fails.