THE CAD MAY START A BEAR TREND TO TARGET 87. SEE CHART
THE PRICE HAS BROKEN A TRIANGLE PATTERN IN A BULLISH TREND. AND IT HAS STARTED THE RUN FOR A MISSED WEEKLY PIVOT POINT AT 0.70158
the Aussie is near to resistance at 92.30, it comes with a impulse bullish after have been formed a double bottom previously.
The price has rebounded from the roof of the channel. Perhaps the EURUSD back to 1.0920, which is a good support and it represents the 38.2% retracement of the gains from last week FX:EURUSD
IT HAS FORMED A BAR PATTERN ENGULFING THE GAINS OF PREVIOUS DAY
THE PAIR HAS REJECTED TWICE A LINE OF LOWS HIGHS FROM SEPTEMBER 2014 WHILE IS FORMED A DOUBLE BOTTOM. I WILL WAIT IT TO BREAK THE NECKLINE AT 1.2205
We should follow this price. The previous daily bar showed a rejection for bullish trend, and didn't got break the level 99.30, as well is a 61.8% retracement from downtrend started in 23-12-2014. We'll be ready for take short positions.
IN THIS CASE I´LL WAIT FOR A CONFIRMATION. I SET A BUY STOP ORDER AT NECKLINE IN 0.7862
THIS LINK SHOWS A NEW PROJECTION
A DOUBLE TOP HAS BEEN FORMED. I'M LOOKING FOR A QUICK RETRACEMENT TILL 50% OF LAST UPWARD
The Aussie has broken various resistance levels this week as R1 for April at 0.7840, the MM 100 at .7885 and topside line for the last up prices. it´s starting a pullback movement that likely go to levels previously broken.
GBPCAD HAS TOUCHED BOTH WEEKLY AND DAILY PIVOT POINTS. IT COULD REACHES A UPWARD TILL 1.8575
The cable has broken out both downtrend line which was formed from July 15-2014 as the MM 100 days too. Yesterday the price formed a bullish pin bar confirming the uptrend continuity. I'm going to wait a retracement till 1.52 where i'll activate a long position
I SET A BUY LIMIT ORDER AT 0.7779 WITH TP 106 PIPS (0.7885) AND SL 20 PIPS. SEE INDICATORS IN THE GRAPHIC