mentorbd's Blog

Avatar

USDCAD Formed Bullish Pin Bar

When USDCAD This pair already formed Bullish Reversal Pin Bar on daily chart and also we saw weekly Chart trading. If we go to buy position in this week , we can get good pips for our trading buy signal first target 1.3350 -then 1.3400-1.3450 level.we can see chart below..
In our view the wealth effect from the surge in the housing market continues to underpin consumer demand. Housing price gains have averaged nearly 2.0% a year over the past five years, helping insulate Canada to some degrees f…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EURCAD Breaks Resistance Target Upside trading 1.4212- 1.4330

Here are two Chart as below as
Euro pair we have been tracking since late May is EURCAD. Although the inverse head and shoulder pattern has taken a few hits recently from the weekly gaps, the pattern (surprisingly) remains intact.
In fact the reversal pattern was confirmed by the rally on June 2nd, however with trend line resistance from 2015 just above we were waiting for a clearer breakout opportunity. Yesterday’s price action appears to have produced such an opportunity.
Although not nearly a…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires