Spotted a flag formation on the D TF.
Not 100% convinced on how price action will move within the flag itself but lets see how this plays out.
Not published any analysis in over 6 months, so this may be a little rusty.
My BIAS for EUR/USD for the upcoming week is NEUTRAL.
My reasoning behind this is
-We are currently at an area which was previous 4HR Support/Resistance .
-We could see a break above 1.11600 and look for Buys up to our Supply zone at 1.11800 or even higher to our Daily Resistance at 1.12150.
-We could also see rejection of our 4HR Support/Resistance and a...
The euro is back under severe technical pressure against the greenback after breaking through the key 1.1160 support level on Wednesday. Bears could easily force a deeper decline towards the 1.1100 level if the 1.1130 support level becomes breached. Overall, market sentiment towards the EURUSD pair is very bearish while price continues to trade below the pivotal...
Trading week ended in undecided whether the bears should continue dragging the currency pair down or bulls should start taking the pair upward. Next week will be an interesting runs for AUDCAD.
A risk/reward of 1:3 could be in play. However, in other to achieve this, resistance at 0.90295 and 0.91000 needs to be violated by the bulls to push the pair to profit...
Price is currently at Major support at 1.2284. TDI and ADX showing very clear signs of reversal just got to wait for aroon to confirm. Target is at resistance trend line. There will be a update of this pair so please can you give me a follow. I will also be posting more awesome trade opportunities just like this one.
On usdcad weekly, I see price break out of an ascending channel very cleanly while forming a daily support trendline which was supported by a falling wedge in the 4hr chart.
Price broke out of the falling wedge which is now shown the 15 min chart.
Looking at the weeks support level that has been created we are looking for a further push back up in the London open and NY open.
Very small stop loss in case this level is broken, small target of 60 pips,