Forex technical analysis eur/usd usd/cad

Posted by on Nov 18, 2012

By David Ruscelli


This post in italian

non-directional TRADING STRATEGY

Last friday we also got in our pocket a new profit with non-directional trading strategy! Let’s go! This is really a good way to make trading, just satisfaction and never disappoint.

 

FOREX TECHNICAL ANALYSIS

 

EUR/USD

Today let’s take a look to the eur/usd on the weekly chart, and later to the daily one also.

There’s a short trendline, there’s been a breakout and now we’re seeing a price compression. It could fall in a false break and the price could get in the trend line again. Very difficult now give an outlook on this forex couple. It’s better to stay out and look what happen. Sure the fundamentals are not long.

EUR/USD W1

eur/usd forex

 

On the daily chart Eur/Usd is locked from a support very obvious at about 1,2660 and 3 resistances in a row. 1,2820 the first one, 1,2920 later, 1,3000 e 1,3170.

Insomma un bel campo minato…

EUR/USD D1

 eur/usd forex daily

 

USD/CAD Pin bar fakey against trend

On this chart Friday has formed a pin bar fakey of 1,0050. It means that price in the same day break out the resistance and before to close the day it came back, sellers has been stronger than buyers and that’s formed this candle, it’s also explained on the price action signals lesson.

Pay attention please, because we probably are on the top of the secondary trend, and it should end at least temporary and retrace for a while, so we may gain some pips selling this forex couple.

usd/cad daily 

 

That’s it, have a good trading week and let’s see at the next analysis.

BYE!

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  1. Segnali Analisi tecnica forex Euro, Canada, Dollaro - Forex Strategico | Forex Strategico - [...] Questo articolo in inglese [...]

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