USDCAD WEEKLY CHART ANALYSIS: - PRICE IS BELOW TREND LINE 2 - TREND LINE 1 IS STRONG RESISTANCE - RSI = 33 - PRICE IS NEAR FIB 38.2% --- CONCLUSION: - I WILL WAIT THE PRICE PULL BACK TO NEAR 1.32 - 1.34 TO SELL - IMPACT NEWS: TRUMP MEETS XI AT G20 THIS WEEKEND
AUDJPY WEEKLY CHART ANALYSIS: - RSI = 29 OVER SOLD - FIB 61.8 SUPPORT - 74.00 SUPPORTS (TEST 6 TIMES SINCE 2009) ---> BUY --- MEDIUM RISK: POSSIBLE FLASH CRASH (300 PIPS) SOLUTION: USING SMALL TRADE SIZE.
EURAUD WEEKLY CHART ANALYSIS - RSI = 73 OVER BOUGHT - STRONG RESISTANCE AT 1.6400 - 1.6500 - FIB 50 AT 1.6400 - 1.6500 - 97% TRADERS ARE SELLING RIGHT NOW ---> SELL ----- - UP CHANNEL: PRICE CAN GO UP TO 1.700 BEFORE RESUMING DOWN TREND - EXPECT HIGH VOLATILE THIS WEEK - BIG NEWS IMPACT THIS WEEK
USDJPY DAILY CHART: - RSI < 50 --> Bears in control - SYMMETRICAL TRIANGLE SELL PLAN: 40%, WAIT FOR PULL BACK NEAR 112? BUY PLAN: 60% RISK: - MEDIUM, PRICE IS IN SYMMETRICAL RANGE 110.00-112.00 - TRADE WAR US VS. CHINA
USDJPY DAILY CHART: - TESTING 112.00 LEVEL FOR THE PAST 8 DAYS - BULLISH TREND LINE - RSI > 50 ---> READY TO JUMP BUY PLAN: BUY@111.879 STOP@111.570 TARGET1@112.95 TARGET2@113.85 RISK: MEDIUM, IN CASE PRICE BREAKS DOWN BELOW TREND LINE ---> SELL PLAN
USDCAD H4 chart: PRICE IS RANGING 1.3400 - 1.3300 (100 PIPS) ------------ SELL PLAN: SELL@1.3365 STOP@1.3405 TARGET@1.3310
Buy@1276.63, stop@1273.4, take profit@1290.0
H4 Chart has trend line support. Price is at the trend line with FIb 23.6. A buy plan right now is low risk. A stop loss 30 pips is good.
I will be wait a little bit to see how price is going next few days before decide to buy
Buy Euraud.