Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Descending channel, 61.8%, clear LH's and LL's. DXY also moving well, H&S formed for weak dollar.
USDCAD looks to continue downwards movement after retesting previous support. look to sell uscad down to lower lows as dollar continues to weaken.
In theory, we've finished wave 5 of the Eliot wave and also formed an ending diagonal which usually transfers into bullish price action. However, given the Dollars ropiness over the past few weeks, breaks of the resistance or support will determine our bias.
The Loonie broke the weekly support and we saw a freefall below 1.30. Really cannot see the USDCAD breaking back above 1.30 now with the DXY crumbling and oil prices climbing. The only question is where the pullback ends. I've highlighted a 1hr zone of interest in yellow, where price stagnated creating a potential shelf for price to retest. However, should...
We could break this weekly support this week. Need a daily close below the red area.
I'm Bullish. I know, risky right? Take a look at the weekly, at the daily, this big grey area is holding like a champ. Keep an eye on 1.31100 but other than that, we should return to 61.8% given Toronto is back in strict lockdown.
Clear break and retest back above this key area and we've had a bullish 4hr closure now to hopefully confirm the next phase upwards as well as it sitting on a key Fib level.
USDCAD has made a head and shoulders pattern, now price has returned to the ema 89 and neckline of the h&s, now is a good time to short to trade the next leg down in dxy.
DXY could make a solid comeback this week and with oil falling, we might see usd/cad start a rally from here
The Loonie has been in a strong downtrend on the higher timeframes ever since the March crash. However, we're approaching key MAJOR support and this is where the higher timeframes will be key. We have weekly support but a weekly descending trendline. Which will break first? Only the market will tell us. What we're looking at here, is the Head and Shoulders on...
So we always try to have a plan for both sells and buys but the #loonie looks long here. It's currently sitting just above one of the strongest levels of support I've ever seen: Key Key psychological 1.30 level Weekly 61.8% Fib Retracement! (WEEKLY FROM JUNE 2017 SWING LOW!!!) Previous September lows when the DXY was crumbling couldn't break this level! So as...
TECHNICAL: Descending Trendline Daily Fib 4hr Fib 4hr 800ema Weekly support 4hr Ascending channel Potential 4hr Double Top Buy Entry Break of Descending channel break of 4hr 800EMA Break of resistance @ 0% fib break of 4hr resistance to invalidate double top Target -38.2% Fib Sell Entry Break of ascending channel Close below 23.6% weekly fib and confirming...
the horizontal coloured lines are the important levels to watch
as seen with this breakdown now looking at the overall price action on UC, i would be looking to take this long once we get the 3rd touch on that trend line we can see the double bottom area course this can go from there but i think it will push below that zone and then move from the outer structure.
December is quiet... View on USD/CAD atm... Stop loss very very tight but cant complain purely for banter.... 3rd bounce... abcd pattern.... fib levels hit..... who knows its just art anyway
In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1)...