GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
MX OIL PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VAST RESOURCES PLC ORD 0.1P, VODAFONE GROUP PLC ORD USD0.20 20/21
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
USDCAD can see a bounce off previous support.
This pair is bearish for me looking at the weekly chart, strong bearish candle inside an ascending channel. Therefore bearish short term. A break of the lows inside the yellow box could run it down to 1.25500 support, but a pullback is needed first! Just be wary of double bottoms and tops being formed which are also apparent on the daily timeframe too.
Usdcad - Daily chart - I see price struggling in a daily supply zone so I am expecting a sharp drop for this pair.
The US Dollar has been motoring over the Loonie for a while now and it has reached a demand point which has shown to be a turning point. We could see this pair going down to possibly 1.25000 psychological level.
The instrument has moved significantly low and we can determine this from the higher time frames on Weekly/Daily and 4hourly. Bears have overtaken the pair by a storm looking for further downside movement from now on till next week.
Be causious of fundamental analysis and enter trades once a clear brake has been defined on higher time frames however look on ...
UsdCad - Daily time frame - Longs in play due to the simply bullish structure on daily time frame and usd strength and oil weakness.
As most of you know, I am not as active here as before. For those of you interested in learning more about global markets and not looking for a free ride then feel free to PM me here with any questions about joining my private space/trades.
..very smooth ride so far and with rate hike coming in Canada, macro prints continuing to tick higher:- we have a ...
Like Always just observe the chart and mark the market communications which is Bullish by every means of communications. In my opinion 1.39650 will be the best target to grab it by entering the trade from the retracement.
Happy Trading. Hit a like IF AND ONLY IF you agree. Otherwise Don't. Thanks all.
Chart says it all.
Potential double bottom formation before it enters the channel.
Please share your thoughts
Okay guys firstly it is NFP tomorrow, however USDCAD daily chart is indicating a swing in play. Therefore following technicall analysis we should see a weaken dollar, I would suggest to expect to see lows of 1.28500 within next week.