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USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27. The Canadian GDP m/m data (Actual: 0.0%, Forecast: 0.0%, Previous: 0.6%) released yesterday indicated no change in economic growth during last December. The Bank of Canada (BoC) will be announcing their monetary policy decision later at 2300 (GMT+8). It is expected that the central bank will be hiking interest rate by 0.25%. With inflation in Canada rising to a 30-year high level of 5.1%, it is possible that the BoC may be hiking interest rate by 0.50%. If so, CAD may receive a strong boost. USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200. Look for short-term buying opportunities of USD/CAD.
Long
by charliedavies770
XAUUSD Strategy today 18-19 OCT| XAU USD Analysis Today |XAUUSD : Too many levels and too many opportunities but TIMING IS THE MOST IMPORTANT FACTOR. Don't trade in the middle, trade at the levels when market will be in our favour. Option1: If market bounces from the support zone of 1750-40, we can BUY. Option2: As the market has been testing this level for a long time, the level is weakening. If the support breaks, Sell below 1740. Option3: 1725-1717 is the strongest support zone in the gold right now. Good possibility of a reversal from the support. If it bounces from this support of 1728-1717, we can BUY. Option 4: If market goes from the current position, SELL at the resistance zone of 1780-90. Option 5: Buy above1790 Option 6: If market reaches the level of 1805-1810, good possibility of a reversal.
FOREXCOM:XAUUSD
by AbhilashHazarika
1
Simple TradeMessage me to learn 1 to 1 ! EURJPY 4H TF EURJPY is at its 4H support and has been consolidating with a great RSI divergence and increase in volumes We can keep the TGT at a higher supply zone and keep a tight Sl below the Support line! RR-6.5 Possible pps-2.5 EURJPY 4H TF EURJPY is at its 4H support and has been consolidating with a great RSI divergence and increase in volumes We can keep the TGT at a higher supply zone and keep a tight Sl below the Support line! RR-6.5 Possible pps-2.5
Long
by anshrathod77
Dollar Index Cast ForwardExpecting Bullish weeks and reversal after New interest rates are out: With Dollar index moving higher, expect it to rise until the next FED meeting on 22nd September 2021. Technically, Price will look to sweep liquidity built during the past few bearish months! Remember Trends in this timeframe (monthly) last for a long time. Once the key level of 97.750 is broken, expect a bullish period for dollar. Track interest rates: Investing . com To watch seasonal tendency charts : equityclock . com Note: The above is just for educational purposes. Forex market is subjective in nature. Trading is subjective to financial risks, please do your own analysis and manage your risk properly!
TVC:DXYLong
by theAjayKumar