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Has the AUDCAD reached a short-term bottom?
Watch the video here to find out what I think.
On November 13, I pointed out a possible bullish scenario developing for the NZDCAD.
We were watching for a break above the 0.8500 confluence of resistance for a move into 0.8640.Continue Reading
The EURUSD has been trending higher nicely since coming off of 1.0990.
I wrote about the significance of the support area between 1.0990 and 1.1020 on November 8 and again on the 13th.
The pair even carved a bullish engulfing candle on November 14.Continue Reading
NZDUSD buyers are refusing to back down this week.
I first wrote about the possible inverse head and shoulders on October 31.
We also looked at the pattern again in Saturday’s forecast video.Continue Reading
On November 13, I wrote about how an NZDCAD bullish scenario might unfold.
In my opinion, it would have to start with a daily close above 0.8500.
It’s a confluence of resistance based on the intersection of a key horizontal level from August and descending channel resistance from March.Continue Reading
The GBPUSD is testing a critical resistance level today.
The 1.2980 region has held as the range top since the pair closed above 1.2770 in mid-October.
I wrote about the 1.2770 support area on November 7.Continue Reading