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Posts Tagged ‘ed channel’

USDCAD, will price continue to move sideway?

USDCAD moved sideway last week – week 42.  Price was resisted twice by week 41 mid week high – support turned resisted zone. On the Daily chart, price is currently near Aug’11 high. The level I mentioned in my last week posting has not been met. We

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Forex Trading Strategy: USDCAD, Why are we bullish at the same time bearish.

In Week 35, USDCAD visited the level i mentioned in my Week 33 and week 34 analysis.  After forming a double bottom, with Tflow® WR Trigger USDCAD flew about 80 pips up. Friday closed at o.9851 higher than week 34 closing price of  0.9811. On the daily chart, USDCAD

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Forex Trading Strategy: USDCAD remains Bullish still

USDCAD fell upon the opening week of 33  touching week 32 Low.  With that said, classic Tflow® set and trigger can be seen during mid week. Price flew 163 pips up from week 32 low.  Late bulls managed to catch 78 pips last Friday with price closed positively

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GBPJPY at important SAR zone, sentiment remains bearish

Recap week 30- Another roller coaster week for GBPJPY. In week 30, Monday price opened with bullish breakout but was resisted by blue zone ( formed by June low and week 28, 29 ) and price was pushed back by bears to create another low (lower than

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USDCAD, is a bull or bear trap?

USDCAD rose 200 pips as said in my previous posting, USDCAD is a downtrend and that the level we should look out for would be week 27 & week 28 low. Well it did, after forming a double bottom on H4, price touched the said level and

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Singapore forex strategy – USDCAD continues to move up

USDCAD closed positively on Friday, week 25. Upon the mid week retracement, price moved about about 180 pips up. Price closed at 0.9844 higher than Monday (Week 25 opening price). However, price still did not closed above week 24 high. On the daily chart we see that

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