Current risk off sentiment in the market is keeping JPY bid across the board with USDJPY breaking below 112 eventhough touch choppy and indecisive around trendline support and horizontal support. It feels like the near term future for risk sentiment depends on the 112 handle for usdjpy.
As for Cad, weakening and breaking out on the usdcad chart so were seeing jpy...
Getting back in sync with the market after a break.
GJ wiped out and also lost a trade on gold hahaha
onto the next one... just part of the process.
5k soon, mark my words.
Monthly - bottom zone and Lower Lows
Weekly - Sellers have taking over the trend + Strong BEARISH engulfing candle close
Daily - Look into entering short next week after a pull back and then re enter.
Precise entry on 4HR & 1HR time frames.
Risk no more than 2%
Based on a Fib from 2016 to the low of 2017. The price bounces off the 32fib and continues down. On the daily chart there is now a small wedge forming and it is not making higher highs. Bollinger bands are tightening up and price closed below the MA. Target price 1.25470.
Yesterday's star, oil, is consolidating near the higher levels with minor losses. The asset is digesting the wild and surprising events in Saudi Arabia, and the majors don't care about it at all. Let’s face it: even USD/CAD has already recovered yesterday’s losses to the 1.27 round figure.
CAD is trying to catch up with crude oil prices, but a lot will depend on...
Could be time for USDCAD to rollover and make some movement to the downside? Series of lower highs and currently hovering in-between the 61.8 fib and 78.6 fib level. Previous days high was also tested and rejected again which has been highlighted in the chart. One more thing that we can see from this pair is that the yellow highlighted area was a region of...
Loonie, one of the markets’ favorites, is probably going to change the course.
Yesterday, Bank of Canada governor Poloz told that an appropriate path for rates is very difficult to know because of a number of unknowns around inflation outlook. He also assured the Bank would not be mechanical in policy approach since economy may act differently than in previous...
USDCAD may resume the selloff this week. The pair has risen 9 trading days in a row until it reached 1.2752. It looks like it cannot go higher, and it means it’s the right time to focus on fundamentals which may trigger the pair slide.
We have already noted Canadian economy is doing fine. The labor market show good growth. Retails sales arein creasing. GDP has...
finding nice support here, long till at least next resistance at 1.34147 no SL but will close is 4h closes below support. MACD crossover even if it is a weak one indicates bullish action
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