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USD/CAD to Head Up After Pulling Back

Published 10/27/2023, 04:50 AM
Updated 07/09/2023, 06:31 AM

Today’s Trade Ideas:

Todays Trade Ideas

4-hour chart for USD/CAD going back a whole year - the sideways range is obvious. (See below).USD/CAD-4-Hr Chart

However, we are in a 3-month bull trend & have broken above a 3.5-year trend line so I will attempt longs on a pullback.CAD 4-Hour Chart

AUD/JPY is very much stuck in a 3-week channel from 9450/40 up to 9580/9600. (See chart below).AUD/JPY-4-Hr Chart

AUD/USD has mostly been sideways for 2-months in a longer-term bear trend so I am happier selling at resistance.AUD/USD 4-Hrs Chart

GBP/JPY stuck in a range from 181.50/30 up to 183.50 for 3 weeks and a greater sideways range for 4 months – see below.GBP/JPY 4-Hrs Chart

GBP/CAD ranges from 1.6630/20 up to 1.6790/1.6810.GBP/CAD 4-Hr Chart

GBP/USD is in a 3-month bear trend so I have sell levels on the sheetGBP/USD 4-Hr Chart

Video Analysis:

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