On the daily chart we have what appears to be the start of the third wave of a 5 wave structure. I expect this to continue bearish down to 0.9525 area which I am expecting to see a small bullish retracement up to the 0.9615 area before we continue in the original direction of the trend down to somewhere between the 0.9300 area and the 0.9400 area which has been an...
Looking at the daily close on USDCAD -0.23% I think this will work it's way down to the 1.3300 zone, which at that point, it's either going back up to the monthly resistance of 1.3600 or could continue down further. We need to wait for further confluence at the appropriate areas (1.3300 & 1.3600). If this breaks the blue trend line then I think it will continue...
With a retracement back to the 61.8% fib, I'm hoping EURUSD will bounce up to somewhere around the 1.1350 area. This would line up with the previous years test of resistance (Head and Shoulders) which I've highlighted with Yellow circles and as you can see we have no broken that level since then.
I think the bearish trend inside this channel will continue. I was on the wrong side last week of this trade but I'm being a little more patient with my entry on this one. I'm looking for a MA cross before I enter long, and then if this does in fact continue, I'll look to take my profit around the .7500 mark and reverse my direction and pick it up short down to...
I think this will be the start of a bearish trend down to at least 1.3600. At this point I'm looking for it to either continue down to 1.3500 or bounce back up to 1.3600 - 1.3700.
Same as my previous idea regarding the Kiwi/Dollar. Seeing Level 3 behavior (ie. Fanned out MAs, "W" Formation). Should have a better idea post-asian session, but I'm looking to take long positions as long as the .72744 level is not broken as that's the current LOW. Will re-evaluate if level is broken.
Appears to be some reset going on at the opening of this week. Stalking this pair, I am looking for this to reach up to the 200 and 800 Moving Averages and as long as the .69359 level is not broken, my bias is long. Looking to enter post-asian session with a T/P around the 200 and 800 MA. Will try and update this idea post-asian session.
Expecting trend continuation to reach upper resistance at 142.214. That level was previous resistance back in July. I believe this is a Wedge Continuation type of move and will drop once reaching that resistance level. There was some previous divergence seen in both RSI and MACD but it's become convergent over the last few days and now it appears to becoming...