We are seeing a confluence of technicals, break of resistance, cross above 52 period MA and also the bullish engulfing, and good fundamentals, with the global recovery after the pandemic. We will see some bullish movement to the next resistance.
ooking at Fundamentals Crude Oil prices have been driven down alongside the Canadian dollar due to slacking recovery in Demand and Lower refinery runs. The Canadian Dollar being a commodity currency and positively correlated to oil, is not taking the drop lightly Technically, we are looking at a few tools that support our buy bias; 1) After the last Swing, there...
Fundermentally the US is preparing for a very critical ELECTION, they are also one of the most affected countries with the COVID 19 pandemic, congress is due to have a final decision on the stimulus package. There is a lot to watch out for on the dollar and it has been trading down for the past few weeks. Technically we have reason to favor a reversal on the DXY...
Hello Guys, i am looking to take this trade on the long side, based on the DOUBLE BOTTOM, crossing on the 200 SMA on the 4H and also the confirmation of the resistance with some powerful BULLISH ENGULFIN partter.
Candle stcik formation, Channel Breakdown, Head and Shoulders, To many technical and structural reasons to sell this pair.
Here is another classic example of a Double bottom which forms at a Pyschological resistance. Added to the weakness in AUD, i think this is a good trade for about 800pips
We have made a double bottom and are moving back to continue with the retracement as sellers are closing positions and longs begin to build up.
USDCAD has found rejection on a support level, and it is moving up to the next psychological resistance.
The GBPUSD Has been moving in a Well defined Triangle for the Paa few Weeks, We are looking for Momentum from Brexit to know what will or which way the Momentum will go.
The pair is doing hiher highs and higher lows in a Channel which is clearly up from the Bear channel of last year.
After Breaking down, the CADJPY is looking to retest the 61.8Fib Level and continue its Move Down.
EURCHF Momentum break out and we are looking to buy the pull back and follow the trade up.
We have Tracked USDCAD from a Weekly timefram and we are seeing the market going up. On the short term, we are looking to take a trade, to the buy side.
Looking to conitnue short on EURNZD after break out retest and correction to continue to the Down Side
EURND has broken and is testing the Lower support of the Channel to continue its down Trend.