Repeat Trade. Buy USDCAD at 1.3193 with a stop at 1.3171 and TP of 90 pips.
the 2 day slope has reversed, and though the 37 day trend remains down, USD has reached a resistance point. We should see a retrace upto the 37 day trendline - 1.3358 approximately.
USD is currently oversold having reached a resistance level. Even though the long term trend is down, we are likely to see a pull back towards the 36 day trendline. Recently, the pair has made a Higher Low on a daily basis, with the 8 hour Donchian channel failing to breach the last major low. Target 80 pips.
Stop at 1.3505. USDCAD has dipped below its weekly slope and also crossed the 9 day ksen. This is a strong bearing signal leading to a reversal of the 9 day trend line. At the first stage we should see the 9 day Donchian Low hit at 1.3380 for a partial TP of 50 pips.
GBPAUD has just broken a 9 day Donchian Channel, paving the way for a series of shorts. It is best to wait for a daily retraces and take short trades keeping stops at the 9 day Donchian channel high of 1.88879. We are likely to see retraces to 1.87 levels before the daily trend resumes its downtrend. Any reversal of a 6 day trend (at 1.8717) will be the first...
Taking support from the 30 day and weekly trendline, the PRICE BAR is emerging out of the cloud with renewed strenghth for USD. Same trend is seen across USDAUD that supports emerging USD strength.
TP target is 50 pips.
Trading above the 30 day ksen, the pair is seeing selling pressure having descended below its 6 day trend line, and about to cross below its 12 day trendline. The 15 day and 30 day trendline offer solid support and we should see a pause in the selloff at 1.85 level.
The current 18 hour slope (Csen below 18 hour prices) is the immediate daily move down.
Target...
