SikderTareq

SikderTareq

AUDUSD made a good bullish move as we anticipated last week. The pair had a rejection at 0.65250 and made a bearish correction. The pair closed its trading week right at the level of 0.64050. The H4 chart shows that the price reacted at this level several times. Thus, the level may hold the price as a level of support and push the price towards the North again....

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USDCAD was bearish by obeying a bearish trend line last week. The price did not obey the trend line but moved towards the North to extend its bullish correction. It then found its resistance and made a strong bearish move. The H4 chart shows that another bearish trend line can be drawn, which has been driving the price towards the South with good bearish momentum....

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AUDUSD made a significant bullish move in the H4 chart. The pair after being bearish for some weeks got choppy in the H4 chart. However, it produced a bullish engulfing candle to close its trading week at a level of support, where the price had several bounces. The pair closed its trading week above the last swing high. It means the buyers may wait for the price...

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USDCAD made a bearish move followed by a bullish correction. The price had rejection twice at a down trending trend line. At the second rejection, it did not produce any bearish momentum. In fact, the pair is traded around that trend line. If the trend line produces a bearish reversal candle, the sellers may look to go short in the pair and drive the price towards...

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AUDUSD had another bearish week. The H4 chart shows that the price had a bounce at 0.61800 and made a bullish correction. It found its resistance around 0.63450 and made a strong bearish move. However, the pair closed its trading week above 0.61800. The sellers may wait for the price to make a bearish breakout again at that level to go short in the pair. The price...

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USDCAD is traded within a triangle in the H4 chart. The price had several rejections at 1.28450. At the last rejection, it made a good bearish move, but moved towards the North by obeying an up trending trend line. If the price gets bearish and makes a breakout at the trend line, the sellers may go short in the pair and drive the price towards the South with good...

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AUDUSD closed its trading week at a significant level of support. The price had a bounce earlier at the same level after being very bearish. The pair then got choppy for a while and traded within 0.63650-0.65300. The buyers are to wait for the price to produce a bullish reversal pattern to go long in the pair. The price may find its resistance around 0.65300. A...

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The pair may end up producing a Head and Shoulder pattern here.