Future week - In my eye

See , Weekend is closing .. it does not mean CAD will fall from Monday.

See my chart . Its holding support . It can go up from here or may be Not.. Weekly closing matters.

Now for sake of truth is a zone on left wich from resistance has turned into support and holded the price above for a entire week and still price try to pentrate thru her so we need to wait and se,,,

want to see how this works out

next week: 1.3380 - 1.3410 maybe a level to watch. Opinions

nice area at the moment, time will tell

don´t look at the forecast in the first picture (it´s just for my visualisation for smaller TF´s, it´s shit )

Hi maxim these are levels i em waching on UC for next week.

I em watching lower timeframes my friend but these is my wiev on AU

i tought about these levels too but i came to the conclusion that these are (for me) minor levels :-) but i can be totaly wrong

Really Nice thread with clean chart, I luv that !

All the best !

your upper green line is my potential exit :-D
i´m already in long

Ok friends here and down i will post some from my trading ideas for week in comon
EC here gona be some deep retracment after friday huge buy-of after news, wait for sell signal

On EUR/NZD i expect sell (again) i'm in from friday news have created some "hedacke" for me

On AU i em long allso from friday but you can wait for some bullish signal to go long because price allredy has made triple bottom!

NU allso is aproaching to interesting buy area red zone ....

Hi.

An overview of daily EURUSD I would like to share.



I see nothing really decisive. There is strong resistance but still, I think that the last two candles also tell the story of very strong bullish pressure on a support formed at the red line I have drawn. Support that has just been created and it is fresh while the above resistance trendline has already been hit several times recently, becoming a fragile barrier.

Besides, the red line seems to behave stronger as resistance than as a support.

I think the current is a downtrend so going long would pose an additional risk even if it is the immediate price action I can see. But too close to a resistance trendline and in the middle of a descending channel that is not a high probability level in my opinion.

There is a convergence of both Fibonacci 38.2 retracement and 68.1 extension at the support level of the reference swings I would had used to analyze it harmonically.

According to my strategy, I would not sell unless price touches the edge of the channel I am trading, and in this case price is not there and the resistance above is too weak to trust it for me.

I think there is a chance that price tests it and breaks it again, but on a downtrend I would not go long by the main channel, but for smaller mini-channels if any.

The downtrend also suggests that there is a big chance that prices just fall even if the momentum as I see it is not bearish.

If I would like to be ambitious I would wait idle to see if there is a possibility for price to break above and go for 1.15 or 1.155 within the next days.

If it does not happen, the south area seems not clean for a safe entry, there is no good structure. The most likely level for a price bounce would be close to the 78.6 Fibo retracement imo or even closer to the 100 retracement if any. But the area below the current price is not clear enough to forecast a straightforward price movement imo.

While the upper levels are better defined in terms of price actions and easier to forecast.

Therefore I think that the current price action suggests a neutral position on Monday EURUSD daily chart.

And that is my feeling, nothing else, that could be completely wrong because in trading there is never a way to know what is going to happen next.

Never ever.

Only in Daily EU make sense in lower timeframes is totally mess

..

What I am looking for on USDCAD

Here's my analysis for NZDCAD

And finally CADJPY. These are the only pairs that I currently have a keen interest in.