Positive rate high for CAD today, lower high was formed during the last couple of days for this pair. Price broke through 50 fibonacci level, now expecting this pair to make a new lower low. First support target @0.8700!
If price can hold below 0.76500 resistance / channel top, we can see price head back to the downside. Watch for bearish engulfing candle for confirmation to go short.
Price came back to daily support / daily trend line then bounced up. Watch for break of counter trend line & strong push though 61.8 level to go long, uptrend line was respected as well. Giving this pair another shot.. !
Trade with care !
A lot of bearish momentum for this pair, we see price pulling back could either make 38.2 fibonacci level resistance or pullback all the way to the 61.8 level. Price should continue back to the downside.. First target 0.8700 supply zone..
Price in a strong uptrend & no indication of trend reversal, price came back to make a lower high on the (hourly) time frame. Bounced off 50 fibonacci level now looking to make a new higher high. First target @1.1200 supply zone
Price broke out of consolidation within daily trend line. Breakout & and retest done, now waiting for a potential pullback before moving higher. Confident that price will be making new higher highs & higher lows. Pound had a successful boost last week, lets see if it can keep up its momentum !
Good setup here will watch price action Sunday/monday..
Trade with care! : )
Finally found a potentially rewarding long term trade, Price broke out of its channel, and underneath daily support at 89.500. Waiting for more bearish comfirmation as we see price also trying to breakout of its weekly uptrend line as well. Will be watching this closely as I see a potential 500+ pip trade here!
Join with me!! Will keep you guys updated.. : ) ...
Price still making higher highs & higher lows.. Price looking to break its daily resistance & push higher. Watch for breakout to the upside!
Trade with care!
Broke out of high base resistance, NZD reversed & became weak.. Broke its counter trend line to the upside as well, now looking to form a new higher high. !
Price broke out of its uptrend line, 20 & 50 SMA crossed as well showing this pair is headed to the downside.. Just entered short here as price also retested broken trend line.
I just entered right now at .0742 for the completed Shark pattern. Price seems to be stalling in this area and there is bearish divergence present on both the RSI and AO. The hourly AO just turned red as well for a little extra confluence.
I am only risking ~10 pips on this first try and targeting 0.6927 for a potential bullish 5-0 pattern. As per my strategy...
USD will move up to touch EMA, I think it's a good time to go long.
USD will move down in June as interest rates will be hiked until that time I expect dollar to keep going north. Unless, Trump will come up with some unexpected speech.
My previous plot was accurate while timing was slightly off, please check it:
Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.
June New Zealand dollar has created a mini head and shoulders, plus a bearish flag. USD was up sharply today. Looking for more gain on USD and possible fall of the NZD. Next downside target is 78.6 FIB, .6914. This would start to fill out the last bit of the Bearish BAT pattern.
