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Technical Analysis
XtreamForex Daily Technical Analysis
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[QUOTE="xtreamforex26, post: 188899, member: 59158"] [HEADING=2][B]Technical Analysis on EUR USD & USD CAD[/B][/HEADING] [HEADING=2][B]EUR/USD Pair Looks to South After Failed the Breakouts on 4H [/B][/HEADING] The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks. The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks. The pair had broken the higher falling to the channel that represented the trendlines to the lower last week to signal the resumptions of the rally at the low of the 1.18 and the opening doors to the 1.22. The Breakouts seems the short lives to the fell back to the below to the level by 1.21 on this Friday that failed the breakout to the widely bearish signal. The Uptrend exhaustion is signaled to the long upper wicks that attached to the several candles that suggest the potential for the drop to the former hurdle-turned the support to the level by 1.2014. [HEADING=2][B]USD/CAD Pair Teases to Bear Below at the level By 100 HMA[/B][/HEADING] The USD/CAD is dropped down at the level by 1.2758 to the 0.08% intraday during this Monday in the Asian Session. The Pair was bounced off the level by 1.2745 that pull back to the level by 1.2763. For a situation where the USD/CAD traders keep the reins past-1.2700, the mid-2018 lows close to the level by 1.2630 will be at the center of attention. In the interim, 100-HMA and highs set apart since last Monday, separately close to the level by 1.2785 and 1.2835, can monitor the pair's momentary potential gain. In the event that all the USD/CAD buyers return after 1.2835, the 1.2900 limit and the month to month top close to the level 1.3010 will be on their radars. [URL deleted] [/QUOTE]
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