FG_Trading's Blog

Avatar

USDCAD Weekly orange / green levels, and 2 scenarios

11.11.2014 2300msk
USDCAD Weekly orange/green levels, and 2 scenarios.
Analysis:
USDCAD did not break important 1.1455 level. The pair now squeezed between 1.1274 & 1.1455 waiting for cycle to finish. Wide rising flat expected up to the end of week # 47 (see first red vertical line) after that we expect the pair will decline down to comfort zone (see blue box). If USDCAD be able to stay above 1.1224, 1.1274 after finishing 2nd cycle renewing of maximum 1.1457 can be possible.
1.1457 level should…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

GBPUSD Weekly/Daily levels, and 3 scenarios

GBPUSD Weekly / Daily levels, and 3 scenarios.
We still didn't break strong double level (green + orange). If next couple weeks the price will stay above 1.59 we have good chances to test 1.6274 or even 1.6522, partial weekly cycle finished this week (03-07Nov) see green vertical line. If not we have chances to continue downtrend towards 1.5243 by end of full cycle (see red vertical line). All attention to the next couple weeks. Finally GBPUSD should not close this month below 1.58. Otherwise p…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires