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Fibs

USD/CAD SELL ShortHello, I see that oportunity on USD/CAD. On technical analysis we have a double ton already formed and just to test the neck line, as you see on the chart, using fibbs, we can see where is the testing zone. It could help us also the crude oil and the next period of demand of oil and as you know, If U.S. and not only demand rises, manufacturers will need to order more oil to keep up with demand, this can lead to a rise in oil prices, which might lead to a fall in USD/CAD. Wait for the testing the zone, after that put your TP at 1.39733, there are a lot of pips, a huge R/R, the SL at 1.40870 . Entry at 1.40443 TP at 1.39733 SL at 1.40870 Have a great week !
Short
by Andrei_C
A potential change for EURUSD*All analysis for this was completed on the 4H time frame* Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.
Long
by niamh-forex
1
NASDAQ Approaches Important Swing TestAfter making a lower low on the large decline and bouncing at the Red Fib's 0.786, the NQ now approaches an important level. This swing test will play a big role in determining whether we can sustain an overall uptrend; or, if we reject, the the new trend is down. Note that we're approaching two important fib levels: The Red 0.236 The Yellow 0.786. I would bet that we see rotation, i.e. failure at the top of the swing - and we plunge lower. The reason I say this from a technical perspective is that we made a lower low of the previous leg; plus, fundamental economic factors (a shattered economy, 16+ million jobless claims) do not bode well for higher highs.
OANDA:NAS100USDShort
by RTradesReal