Daily chart is displayed above
As you can see in my chart analysis, the price of NZDCHF is approaching this Daily resistance zone and we should be expecting a sell soon.
I would say continue to watch!
This is the 4 HOUR chart
EURUSD has reached this key resistance level and is likely to head down from here...this resistance has been previously tested as you can see on my marked up chart. It's also VERY much oversold on the 4 HOUR & 1 HOUR chart.
I will be entering for a sell order.
1.13930 would be a good stop loss, in my opinion.
Trade wisely and happy trading!
NZDUSD has high impact news expected tonight at 7pm EASTERN TIME that is about their business confidence.
In this analysis you can see that the 4 HOUR candle has hit this line which is a resistance level from the daily chart
There is obvious divergence on the 4HOUR and DAILY CHART and its very oversold on the 4HOUR, and nearly oversold on the DAILY.
I would...
EurCad has now approached a key resistance level. I believe now would be a great time to enter for sell orders.
Sell price: 1.50888
Take profit: 1.49738
Stop Loss: 1.5100
Lets catch these pips!
UsdCad is approaching this support line which, as you can see, has been supported over and over again.
This is the 4HR CHART
The candles have crossed the line just slightly previously so I would try and get in around.... 1.32351 ... take profit: 1.33000, Stop loss: 1.31865
FX:USDCAD
As you can see in my analysis I drew a line heading down from about 114.500 to 113.616. The resistance line drawn here has been hit, and and I believe we should be seeing sell orders from here.
I drew the wedge as u can see and the candle made its way back down to the support and is beginning to bounce off, most likely heading back for the top of this wedge
