Prices are facing bearish pressure from our resistance and descending trend line where we could see a further drop below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well in line with our bearish bias.
Breakout Identified in EURUSD
The Breakout Opportunities system has just bought EURUSD at 1.20408. The system recommends entering this trade at any price between 1.20302 and 1.20555. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.31365, suggesting that the EURUSD may have further...
CADCHF facing bearish pressure | 21st Apr 2021
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
CADCHF facing bearish pressure | 21th Apr 2021
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
EURCAD is approaching support, potential bounce | 21 Apr 2021
Price is approaching our support where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
EURCAD is approaching support, potential bounce | 21 Apr 2021
Price is approaching our support where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Possible trend shift in AUDJPY – going short
The Tidal Shift Strategy has just sold AUDJPY at 83.292. The system recommends entering this trade at any price between 83.097 and 83.487. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.153, which suggests that...
USDCAD is facing bearish pressure | 20 Apr 2021
Price is facing bearish pressure from our descending trend line and resistance in line with our fibonacci confluence levels where we could see a further drop below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
USDCAD is facing bearish pressure | 20 Apr 2021
Price is facing bearish pressure from our descending trend line and resistance in line with our fibonacci confluence levels where we could see a further drop below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
CADJPY facing bearish pressure | 20 Apr 2021
Prices are facing bearish pressure from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension . Prices might push down further to horizontal pullback support which is in line with 50% Fibonacci extension and 61.8% Fibonacci retracement . If prices push up further, prices might...