As long as price action remains below 80.000 the medium term target of 70.000 for the pair is in play
One of the simplest ways for trade selection and execution is the utilization of channels. Its relatively easy and maybe that's the problem. People generally want complicated methods and I am yet to understand why? This system uses phycological levels/ numbers. These are areas of great interest for a majority of people. The round number I have always believed is...
GBPCAD. Entry at the break-down of short-term structure
134.00O TARGET looks within reach. There has been a breakout of the long-term downtrend. This looks very bullish.
Still a bit bearish on the CADJPY merely on the technical setup. Of Couse fundamental factors with oil prices can invalidate the trade setup always exercise caution and trade with stop-losses.
Long term target of 30.000 for XAGUSD if the horizontal channel holds
Short term target at 1.08000 as long as trendline remains intact
Still bearish on USDZAR. Short any price action below 15:00000 expecting a retest of the previous lows at 13:50000
Expecting a continuation of the downward trend.
Still bullish on the audusd. Expecting an upward push to retest 0.80000 and even higher
Speculative but looking at a continuation of trend.
Current outlook on the stock is negative with trend-lines pointing downwards. The only hope for the stock would be a breakout of the longterm downtrending channel.
The short to medium term bias is downward. Looking for shorts, only until the down-trending channel is broken.