Analysis:
This is another setup that we see involving the GBP and this is pretty much the same as our GBPUSD setup. Firstly looking at price it's clear to see that we're in an upwards trend. We're forming higher highs and higher lows. We also have an upwards trendline which is being respected giving us even more confluence that we're in a strong upwards trend....
Analysis:
Price last week managed to put in a new higher high showing us that we're in an upwards trend meaning that we only want to be going long on this pair. At this level we saw that price held as support if we look left so we expect that it will hold again. Now for this particular setup we don't have any fib levels which we usual look for but we do instead...
Analysis:
We were looking at this pair not that long ago for long setups, however we didn't get this in the end and price actually broke below our level that we were interested in. Looking at current price action we've now got a bearish outlook on this pair for multiple reasons. As we saw price break our level we are not longer in an upwards trend, meaning that...
Price has reached the top end of the parallel channel which has been going on for almost a year - expecting a push downwards.
Price seems to have slowed down and has just broken trendline so we should see further weakness very soon.
after a print of the cpi we expect markets to hold back the interest rate hiking expectations. structurally we expect it to complete the wxy pattern on the daily chart.
4562 free pips for the trade of the year. The market has has completed the weekly correction structure and is now ready for downside. fundamentally we are bearish for both currencies but expecting CAD to be weaker since JPY is as it lows already
lets have a look at how oil goes, so im gonna go ahead with 2 positions, one in EURCAD and one in USDCAD
no super confident on EURCAD, as EUR has been also weak, but analysis tells that this can see another push up.
After a heavy bearish period, USDCAD is in a prime area for longs. The US is struggling economically as a country, with presidential issues, a new presidential election, and a COVID. However, after last week and the news for CAD, I would not be surprised in weak CAD. Overall, I think CAD is going to be weak throughout all pairs, this links with the GBPCAD trade I...
