Looking at EURUSD, looking to follow the bullish push from the tail end of last week. You can see we are current sat in the support zone and looking for a bullish push to the 1.08680 resistance zone.
We will wait to see what price the markets opens at, we will also wait to see if it breaks the trendline before jumping into the market. What do you think?
Looking at the 4 hour and 1 hour chart, we can see an uptrend.
On the 4 hour chart we are in an ascending triangle. On the 1 hour chart we are in a steady uptrend with price bouncing between the support and resistance.
The Stochastic indicator along with the RSI is suggesting price will retrace back to the support zone, this is also reinforced with price sitting...
Looking at NZDUSD for the coming week, looking at the chart pattern i'm expecting price to retrace to the support zone and following the hour trendline. The stochastic indicator is also showing the market is over bought, suggesting a drop.
With a 1:2 risk to reward ratio, looks to be a nice profitable, bearish setup. What do you think?
Looking at the 4 hour and 1 hour, I can see the Stochastic indicator over bought, which suggests a Sell (Short).
Following the downward trend we have just reached the trend line which also suggests price will drop. We are trading between the Support & Resistance Zones.
Let me know what you think?
Looking at the 4 Hour and 1 Hour chart, I will be opening a Sell position with a target of 60 pips, creating a new lower-low.
I will be using the downward trendline on the 4 hour chart, and the Support & Resistance levels as my technical indicators.
What do you think?
Looking for a Long trade (buy) on USDCAD, following a strong down trend. The stochastic Indicator is showing its oversold and the RSI is below '0'.
All indicators pointing towards a Long! TP is set within the Fibb golden zone. What do you think?
Yesterday, I capitalised on the bullish move in late afternoon triggering my TP before it dropped. Today, im joining the bears and will enter a sell (short) when prices hits the trendline!
What do you think?
USD/CAD Analysis is suggesting a Bullish week ahead. The week just passed we have seen USDCAD reach the highest since February. Although Technical Analysis is only playing a small part to determine market movements, I would still look for a long position to hold. What do you think?
Here is my analysis and view on the coming week. I've used the 1 day & 4 hour charts. As the death tolls across Europe are slowly declining, the European stocks and economy is regaining strength which inevitably means the Euro (EUR) will rise.