Блог bibo
3. USDCAD Analysis
USDCAD currently trades around 1.3020, having broken below the 1.3000 level this week, prompting market headlines. The pair however traded straight back above this level which is protected on the downside by the 38.2% Fibonacci retracement level at 1.2952. USDCAD trades just below the 20- and 50-day moving averages but above the long-term 200-day ma, currently at 1.2825. A second level of Fibonacci support, the 50% retracement, sits at 1.2820. Short-term upside targets are situated between 1.311…
2. Technical Analysis for AUDCAD
Following the soft Australian inflation report, AUD/CAD broke below a near-term rising support line from May. This opens the door for resumption of the dominant downtrend from mid-March to mid-May. With that in mind, this presents an attractive opportunity for a short position. The stop for this setup will be a daily close above the most recent high around 0.96618.
Meanwhile, prices may eventually reach the May low around 0.95533 which would be the target of this short setup. Calculating a risk-…
Meanwhile, prices may eventually reach the May low around 0.95533 which would be the target of this short setup. Calculating a risk-…
1. AUDJPY POSSIBLE REVERSAL
There is a possible reversal on AUDJPY with focus, “lower while below the weekly open at 83.24 with initial support objectives eyed at the confluence of the 50-line / 100-day moving average at ~82.50 and the 61.8% retracement / July open at 82.00/04- look for a stronger reaction there for guidance. A ‘strong’ reaction off the 82-handle has fueled a price rally of more than 1.7% with the advance taking AUD/JPY through the 61.8% retracement at 83.12. Interim support now 82.61 with subsequen…
7. EURJPY Analysis
For EURJPY, price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
If the level of resistance is broken, recommended long trade:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position 129.60
Take Profit Level: 130.30 (70 pips)
If the price rebound from resistance level, recommended short:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position 128.50
Take Profit Level: 128.00 (50 pips)
The MACD histogram is above the zero line.
If the level of resistance is broken, recommended long trade:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position 129.60
Take Profit Level: 130.30 (70 pips)
If the price rebound from resistance level, recommended short:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position 128.50
Take Profit Level: 128.00 (50 pips)
5. GBPAUD Analysis
Recommended long position if resistance level is breached:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position 1.8000
Take Profit Level: 1.8150 (150 pips)
If the price rebound from resistance level:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7790
• Take Profit Level: 1.7720 (70 pips)
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position 1.8000
Take Profit Level: 1.8150 (150 pips)
If the price rebound from resistance level:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7790
• Take Profit Level: 1.7720 (70 pips)
4. AUDNZD Analysis
The price above 20 MA and 200 MA, indicating a growing trend. The MACD is above zero level. If resistance broken, recommended long position 1.096. Time frame H4. Take profit level 1.106. If prices rebound form resistance level, recommended short position at 1.088, Take profit at 1.082, Time frame H4.
3. USDJPY Analysis
The USDJPY pair has been following a healthy trend upwards and is likely to continue. It's a good opportunity for a long position now that prices again pulled back. My first target for the day is around 111.60. Stops around 110.75, a nice risk reward ratio.
2. AUDJPY Analysis
Trade setup for long position on AUDJPY
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 81.650
Take Profit Zone: 84.200– 84.500
Stop Loss Level: 80.650
Trade setup for short position on AUDJPY
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 81.200
Take Profit Zone: 77.600 – 78.650
Stop Loss Level: 81.650
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 81.650
Take Profit Zone: 84.200– 84.500
Stop Loss Level: 80.650
Trade setup for short position on AUDJPY
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 81.200
Take Profit Zone: 77.600 – 78.650
Stop Loss Level: 81.650
1. GBPCAD Analysis
Should price action for the GBPCAD remain inside the or breakout above the 1.7300 to 1.7430 zone the following trade set-up is considered:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.7340
- Take Profit Zone: 1.7685 – 1.7770
- Stop Loss Level: 1.7165
- Timeframe: D1
- Recommendation: Short Position
18. USDCAD
The Canadian Dollar paused its gains as the Bank of Canada rate decision had something for everyone. The BoC held rates as expected, but their revised economic outlook showed that Governor Poloz sees room for more rate hikes down the road. The key comments from the Bank of Canada were as follows, Higher interest rates will be warranted over time, although some monetary policy accommodation will still be needed to keep inflation on target. Overall, the Canadian Dollar remains within a bullish pa…