All signs are pointing to a major bull run here. CAD's been knocking on the door of this resistance for some time now and think it's finally time to smash through this ceiling and look for long ops. Couple this with the fundamental escalation of conflicts, oil takers being taken out etc, then expect supply and demand to have some significant impact here.
Clear three touch top rejection of that 0.6900 level. Bearish pressure is clear and last wee saw a good level of sellers in the game however were unable to push past that floor. Still to see if we can push past or if buyers will still keep trying to drive price higher.
We've got some real solid bullish momentum with the Aussie Dollar however JPY is now entering dangerous territory! Not a pair I want to do much with at the moment however still ops available to buy until we hit that No. 3. Then its make or break. If we get a sign to go south, get ready to milk this Pip cow!
Nice higher TF range formed. Support has held over a number of weeks, effectively creating a tripple bottom. Price consolidated for a few days so looking for some bullish momentum now to go long.
Following todays new, the greenback stregnth is officially confirmed. WTI also pushed up significantly and so some respite is needed in the market. perfect time for USDCAD to my up to the test the highs of March.
My view of AU here is that it AU has failed to close successfully above the resistance for the third time - And thanks to @TradingView addition of emojis, I've adopted to use them on my charts! Lets see what happens next.
I attempted to long this pair this week however got stopped out. My view is still to go long on this however was hoping to get some suggestions or comments as to what you might be seeing on this.
My long term forecast for EURCAD over the next couple of months. We've got a clear H&S forming at a peak level with price failing to break above. Should this chart pattern be formed and price close below the neck line, we should see a nice trip back down south.
Looking at a short op on EG here. Some strength being shown by GBP so looking to optimise on it here.
Nice Clear inverted H&S. If we can break above and past the prev stubborn PA on the left, we could be heading up to a decent level.
We have a nice re-test of a resistance zone. Could possibly consider it a tripple top. Now looking for a song push downwards aiming for a 100 pip target in this down trend.
Keeping this outlook simple. Looking for longs on EurUSD this week. Have had a break of trend and resistance. Now to wait and see if price will retest the resistance and allow it to become support.
Price reached a high at the close of last week. Expecting price to open in the first zone marked and push upwards. However, due to tensions between China and Australia, this may cause the Australian $ to weaken. *** this is not a signal ***