eurcad is testing a yealy resistance zone on the daily chart , if next week opens above the resistance we will be seeing a long bull run. and if it fails we will e looking for shorts
FX:USDJPY usdjpy is forming a falling edge on the daily chart and the price is likely headed to the 126 - 124 area where theres a support on the daily and monthly charts
usdjpy is forming a falling edge on the daily chart and the price is likely headed to the 126 - 124 area where theres a support on the daily and monthly charts. we will be looking for buys at that area and holding for weeks
AUDUSD has just displayed a inverted head and shoulders and we will be looking for buys on a 4hr timeframe
GBPUSD broke through a 4hr trendline that was part of a triangle it formed, there's a high chance we could see a massive buy to the next resistance.
there was a huge sell on USDJPY and it landed on a trendline which may lead to a big move next week. I'm waiting mostly for buys.
there was a huge sell on USDCHF and it landed on a trendline which may lead to a big move next week. I'm waiting mostly for buys.
usdjpy has been trending upwards for the previous months and has broken a monthly resistance. We will be expecting longs for the coming months.
XAUUSD is now on a resistance zone. I'm not currently sure where its headed but great moves are to be expected
cadjpy seems to be consolidating in a rectangle and exit on either side can be a promising move
Gold has been selling a lot recently, it has currently formed a tipple top on the 4hr chart, Ill expect further decline as all ___/usd pairs are falling.
AUDCAD has reached a critical support and if it breaks the support it'll be an all-out sell, if it manages to hold the support, we will know that the W pattern will be created
USDCAD has broke the resistance at 1.32 level and we will likely be taking a long position for a week or two, or even a whole month
GOLD has been testing the 1700 area creating a lower trendline which is being tested a couple of time, I'm looking for sells upto the 1650s area.
EURCAD has been testing the trendline and the top resistance for the past month most likely it'll break the lower trendline and fall
USDCAD retreated from the 50% Fibonacci point back to the 0% point and it gives the pair two options, forming a Tripple top both on the 4 hour and the daily time frame falling back to the 61,8% fib point, or breaking the resistance point (purple box) which has been the top for several months now making further moves to the upside.
USDCAD has formed a W shape at the 50% Fibonacci lines which may give it a chance to return to the 23,6% level
Due to news that has minimum impact to the pairs the movement today will be minimum, but this is what I'm watching out for. A sell below 1716 and a buy above 1730