usdcad has been trading over the 1.3 range most of the year but seams to be limited on the upside now with weaker rallies. WTI showing strength. At these prices the cad seams undervalued. My view looks like WTI will rally more which should begin to give strength to the cad. Possible that usdcad visit 1.20 again? From the chart it is giving signs it could. ...
gbpchf took out the previous weeks high and has formed a bullish weekly candle. Quite likely we see if go higher from here.
usdchf bears have lost momentum unable to break down into the range trade we been used to for last few years. Prepare for breakout. .998 is key level to watch i am expecting it to blast off
week longs have been liquidated maybe the week shorts will be next. fib retrace from the last wave .382 was at 1446. and the fib retrace from the total move .23 was at 1450. These levels likely to give support for a push to at least 1488 .23 fib retrace. Drew out some channels to give possible trendlines.
possible reverse cup n handle. its a longshot call
not sure this trade will open up for me but watching for one more move to the channel line before a short. Quite possible it breaks support and drops but will not trade that idea
AudJpy finding support now in the 71 72 handle will watch for reversal candles in this area to go long target 77.
downward channel eurcad likely to resume next week good to sell on rallies. pin bar at the 1.459 can use as stop target is 1.415
twice now we have had monthly inside bars with usdcad. with potential breakout of this area is it ready for a long term short trade. trade idea is to sell usdcad with target of 1.21 stop at 1.36 nice RR for a potential long term trade.
bitcoins sharp spike took out many shorts. they will be ready to load up again to target the 6200 support now.
big gain in wti last week. WTI the true measure of the dollars value not gold not bitcoin. Has the potential to go much higher imo. breakdown of 52.4 would see further losses. have drawn out a potential channel to the upside to be completed or a potential flop if the market reacts to an oil glut.
breakout on s&p have placed some fib extenstions to show some possible targets.
a breakout of the bullish channel could launch the s&p
this could skyrocket out of the bull flag channel.