I'm expecting a reversal of trend from USDCAD here seeing that it has just rejected a support level and approaching a lower high. If we can see a break and retest here and strength increase in the DXY, I believe that USDCAD could begin its bullish push to the upside.
I am overall bullish on several. We saw a reversal in price in around the price of $11 and $12 and a huge breakout on Thursday/Friday has proven that a move to the upside is highly within reason. I've drawn about my support zones with the grey rectangular regions and the current price has bounced straight off the zone of interest. I've used a Fibonacci tool the...
Seeing a possible continuation push to the downside on EURUSD, over the past months price as been making lower highs and lower lows. You can also see that price originally made a retracement upward to the 0.618 fib zone and is now back at the the 0.382. I could see a push downward now as it has gotten here. Bearish market and trading with the trend.
FX:AUDNZD Seeing a continuation of a buy on AUDNZD. Price is touching upwards trendline which shows another indication in a long position and along with the break of structure made from the previous high. Waiting for a restest of the trendline before entering the position, setting a stop at 1.01208 and first take profit at 1.02996 and second at 1.03845. Hoping for...
