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Post within this category are Analysis on Chart setups
GBPUSD – SHORT As shown on the chart below, Daily price action has been consolidated within a flag pattern while holding steady above our key EMA’s and support area. Prior to making its latest highs at $1.30, price was able to break its previous highs at $1.28 with a steady flow of Bullish momentum. In … Read more GBPUSD – Technical Analysis
AUDCAD has been steadily moving down in price for better part of 2019 and has started to consolidate since August of this year. As seen on the chart below we have our first Higher low which is further support by Bullish MACD divergence. Moving down into the 4H timeframe, price has made a move up … Read more AUDCAD Price Action Breakdown
As you can see on the Daily chart, US Dollar has been decreasing in value against the Canadian Dollar. Daily price has previously made a low at $1.31500 zone. Most recently Bears were able push and close below the previous low and support zone of $1.31500 confirming the Bearish strength within the Forex pair. … Read more US Dollar showing further Bearish pressure against the Loonie
Starting off on the Daily time frame to understand the overall trend, you can see that price has recently made a new high around $1550 zone and now have started to Flag or consolidating close its ema’s. At the beginning of October we saw Daily price testing its 50 EMA and bouncing off that support … Read more XAUUSD – GOLD 4H Timeframe Technical Analysis
As shown in the chart below, daily price action broke above the resistance level at $1.64 to print a higher high around $1.66 zone. Following this higher high, price has now pulled back to find support at uptrend line and the EMA’s. Forming a breakout and a pullback to its previous support structure. On the … Read more GBPCAD Technical Analysis
