USD/CAD Trade Analysis • Overview: Since the end of September, USD/CAD has been in a strong uptrend, with a significant rally that continued into October. The pair is now approaching a key resistance level that has been in place since 2022. • Weekly Timeframe: A large rejection candle has formed at this resistance level, indicating potential selling pressure...
AUD/CAD Analysis • Daily Timeframe: The pair is currently in an uptrend, following a trendline that has been respected so far. This indicates overall bullish momentum. • 4-Hour Timeframe: A pullback appears to be underway, suggesting the price may retrace and test the trendline again. Recently, the pair formed a higher high, and I anticipate the formation of a...
On the USD/CHF daily chart, the pair has been in a downtrend since mid-May, reaching a strong support area in mid-September. After consolidating at this level, we saw a breakout on October 4th, followed by a retest of the previous resistance, now turned support. Yesterday’s daily candle closed bullish. On the 4-hour chart, the pair is respecting an uptrend line...
On the monthly time frame, GBP/CAD appears to have tapped liquidity and is showing signs of reversing upwards, indicating a potential bullish trend. A rising trend line, respected since April, has been touched more than three times and is currently reacting positively on both the weekly and daily time frames. The last two daily candles have closed bullish, and...
If we break support... waiting to see a retest before going down.
If the GBPUSD breaks the support it will go down to the key area where im looking for buys.
Downtrend on the HTF. Price retraced to a major resistance zone.
Looking for a pull back in most of May before we make a new high on the summer time towards end of the year.
Daily, 4hour and 1 hour zones yellow daily red 4h blue line 1h