Sikder H Tareq

Eyeing to go short on GBPNZD.

Waiting to go long on CHFJPY

UsdCad Trading Idea.

# 1.35375 has been working as a level of resistance
# The sellers may go short below 1.34850
USDCAD made a good bearish move in the H4 chart. The pair had a bounce at 1.34850 and made a bullish correction. The pair has been traded around the level of 1.35375. The H4 chart shows that the price reacted at this level several times. Thus, the sellers may keep their eyes in the pair to go short if the level produces a bearish reversal candle. The sellers may go short below the level of 1.34850. The price may find its next support around 1.34000.
On the other hand, if the price goes above 1.35375, the buyers may push the price towards the North as far as intraday minor charts are concerned. It means the pair may extend its bullish correction. It may end up making the H4 chart choppy for a while.
Considering the scenario, it seems that the Bear has an upper hand here. Let us wait and watch how the pair finishes the year.

# 0.66500 has been holding the price as a level of support
# Spinning Top has pushed the price towards the North
# 0.67600 may work as a level of resistance
AUDUSD has found its support at 0.66500. The pair produced a Spinning Top. It has been heading towards the North with good momentum. The H4 chart shows that the price has still some space to travel towards the North. The buyers may keep their eyes in the pair to go long from the value areas. The price may find its next resistance around 0.67600.
On the other hand, the sellers may wait for the price to find its resistance and produce a strong bearish reversal pattern to go short in the pair. As mentioned, if the level of 0.67600 work as a level of resistance and produce a bearish reversal pattern, we may find this pair getting bearish. The pair may find its support again around 0.66500.

# 0.66750 has been working as a level of support
# Price may find its support at 0.66000 in case of a bearish breakout
# The buyers may wait for a Double Bottom to be formed at 0.66750
AUDUSD made a strong bearish move in the H4 chart. The pair has been traded around the level of 0.66750 for a while. The sellers may wait for the price to make a bearish breakout at that level to go short in the pair. The price may find its next support around 0.66000 if it makes a bearish breakout at the support level.
On the other hand, if the price makes a bullish breakout at 0.67350, the buyers may consider it as a neckline breakout of a Double Bottom. Thus, it may attract the buyers to go long in the pair. The price may find its next resistance around 0.68500.
Considering the chart, it looks good for both. Thus, this is a chart to keep an eye next week.

# 1.35700 may work as a level of resistance
# 1.34000 may hold the price as a level of support
USDCAD made a significant bearish move by making a bearish breakout at 1.35700. The pair is traded around the level as of writing. The sellers may keep their eyes in the pair to get a bearish reversal candle to go short. The H4 chart shows that there is enough space for the price to travel towards the South. It may find its next support around 1.34000.
On the other hand, if the price breaches the level of 1.35700, the buyers may find long opportunity and push the price towards the North. The price may find its resistance around the level of 1.37000.
Considering both charts, the bear has more space to travel towards the South. It means that it may attract more sellers to go short upon having a bearish reversal candle at the key level.

# 0.68350 has been working as a level of resistance.
# An up trending trend line has been working as a support.
AUDUSD had a mixed week. The pair got bearish to start its trading week, but it closed it’s week by making a bullish move in the H4 chart. The chart shows that the pair has been trapped within a triangle. Thus, traders may wait for the price to make a breakout to find its next trend and trade according to the trend.
If the price makes a bullish breakout at the horizontal resistance, it may make a move towards the North and find its resistance around 0.71000.
On the other hand, if the price makes a bearish breakout at the trendline, the sellers may go short in the pair upon having breakout confirmation and drive the price towards the South with good momentum. The price may find its next support around 0.64000.
Considering the chart, it seems that the bear has more space to travel towards the South. Let us wait and watch which way the next breakout takes place to trade in the pair.

# 1.36700 has been working as a level of resistance.
# 1.36000 may hold the price as a level of support.
# A bullish trend line is in play.
The pair has been very bullish in the H4 chart. It seems to have found its resistance around 1.36700. Upon having a rejection, it produced two consecutive bearish candles. The level of 1.36400 produced a bullish spinning top. The buyers may keep their eyes in the pair to go long above 1.36700. However, if the chart does not make a bullish breakout at the resistance, it may continue its bearish correction and find its support around 1.360000. A bullish reversal pattern at that level may attract more buyers to go long and push the price towards the North. The pair may find its next resistance around 1.38000.
On the other hand, if the price breaches the level of 1.36000, the pair may get choppy.

# 0.68300 has produce a Double Top
# A bearish engulfing candle has been formed at the resistance
AUDUSD had a bullish week, but the pair closed its trading week by showing some signs to get bearish in the week ahead. The price had rejection at the level of 0.68300 twice. At the second rejection, it produced a bearish engulfing candle followed by a bullish inside bar. It suggests that the price may get bearish next week. The price may find its next support around 0.66400.
On the other hand, if the price makes a bullish breakout at 0.68300, the buyers may push the price towards the upside. The price may find its next resistance around 0.70000.
Considering the chart, both the buyers and sellers have enough space to grab some pips. The pair has been bullish in the H4 chart for quite a while as well. However, the double top factor followed by that bearish engulfing candle may play a very significant role to determine the pair’s next direction.

# 1.35000 has been breached and it now may hold the price as support
# 1.40000 may work as a level of resistance
USDCAD made a very significant breakout at 1.35000. The H4 chart shows that the price produced consecutive H4 bullish candles and made the breakout with a bullish Marubozu candle. The price seems to be having a bearish correction. It may find its support at the breakout level. Thus, the buyers may wait for the price to produce a bullish reversal pattern at the level of 1.35000 to go long in the pair again. The chart shows that the price has enough space to travel towards the North. It may find its next resistance around 1.40000. Traders must remember that 1.40000 is probably the most important level around.
On the other hand, if the price breaches the level of 1.35000, the pair may get choppy for a while to find its next direction.
Considering the chart, it looks that the Bull may dominate in the pair.

# 0.67800 working as a level of resistance
# An up trending trend line is in play
# Traders may keep an eye at the triangle breakout
AUDUSD has been bullish in the H4 chart. The pair had a bounce at an up trending trend line’s support and made another bullish move last week. It closed its trading week around the level of 0.67800, where the price had rejection earlier as well. The level has been working as a resistance now. It means the pair is traded within a triangle. A breakout on either side may attract more traders to trade in this pair since a triangle breakout offers excellent risk-reward ratio.
In case of a bullish breakout, the price may find its next resistance around 0.69000.
If the price makes a bearish breakout, it may find its next support around 0.66000.
Let us now patiently wait for the price to make a breakout and give us a direction.

# An up trending trend line is in play
# Price may produce a Double Bottom at 0.66350
# Next resistance may come at 0.68000
AUDUSD had a bearish correction. The level of 0.66350 held the price as a level of support. The price after having a bounce has been heading towards the support again. If the level produces a bullish reversal candle followed by a breakout at 0.67250, it would be considered as a Double Bottom. A Double Bottom is a strong bullish reversal pattern. Thus, it may attract the buyers to go long and push the price towards the North with good momentum. The H4 chart also shows that the price has been obeying an up trending trend line. As long as the price stays above the trend line, the bull may dominate in the pair. The pair may find its next resistance around 0.68000.
On the other hand, the sellers may wait for the price to breach the trend line. Upon having breakout confirmation followed by a bearish reversal pattern at the breakout, level may change the direction of the pair.

# 1.32300 has been working as a level of support
# A bearish trend line is in play
# Pair may find its next support at 1.31500

USDCAD after being bearish in the H4 chart has been traded around the level of 1.32300. The price has found its resistance around 1.33200. If the level produces a strong bearish reversal pattern, it may end up making a bearish breakout at the level of 1.32300. A bearish breakout may attract the sellers to go short in the pair and drive the price towards the South. The H4 chart shows that there is enough space for the price to travel towards the downside. Thus, the next bearish move may generate good momentum. The pair may find its next support around 1.31500.
On the other hand, if the level of 1.32300 produces a strong bullish reversal pattern followed by a good bullish move, the buyers may wait for the price consolidate or bearish correction to go long from value areas.
As things stand with the pair, it seems that the Bear may resume its move.

# The level of 0.66300 got breached
# The pair is up trending by producing a trend line
# The price may find its resistance around 0.69000 next

AUDUSD made an excellent bullish move in the H4 chart, which exactly we anticipated in our last analysis. The pair made another bullish breakout at 0.66300 and closed its week above the breakout level. Thus, the buyers may wait for the price to make a bearish correction followed by a bullish reversal candle at the breakout level to go long in the pair. The H4 chart shows that there is enough space for the price to travel towards the North, which may attract more buyers to push the price upside with good momentum. The price may find its next resistance around 0.690000.
On the other hand, if the price breaches the level of 0.66300, it may extend its bearish correction. However, the pair may not get that bearish to offer short entries to the sellers soon.

# Support level 1.35300 got breached by the price.
# The level of 1.31500 may work as the next support.

USDCAD made a very significant bearish breakout at 1.35300. As of writing, the pair is traded below the level. Thus, the sellers may keep their eyes in the pair to go short. The price seems to be having a bullish correction. It may find its resistance at the breakout level. If the level produces a bearish reversal pattern, the sellers may take the opportunity and drive the price towards the South further. The pair may find its next support around 1.31500.
On the other hand, if the price breaches the breakout level and trades above it, it may get choppy for a while before finding its next direction.
Considering the chart, it does not seem that the Bull comes into the action soon. The pair most probably is going to be dominated by the Bear for a while.

made a bullish breakout at 0.64000.
# An Inverse Head and Shoulder pattern may be formed.

AUDUSD made a strong bullish move to close its trading week. The pair made a significant bullish move at the level of 0.64000 and closed its trading week above the breakout level. The buyers may wait for the price to make a bearish correction followed by a bullish reversal pattern at the breakout level to go long in the pair. The price may find its next resistance around 0.65350. If that happens, the pair would end up producing an Inverse Head and Shoulder pattern here.
On the other hand, if the price makes a bearish breakout at 0.64000, the sellers may wait for the price to consolidate around the level and produce a bearish reversal candle to go short in the pair. The price may find its next support around 0.62850.
Considering two charts, it seems that the Bull may dominate in the pair next week.

• Keep an eye at horizontal support 1.35300
• The bearish trend line gets stronger

In our last analysis, we saw that USDCAD made a bearish move by producing a trend line last week. The price had rejection twice at two points that can be used to draw the trend line with some adjustments. This means the sellers may be more interested to go short in the pair. However, the horizontal level of support at 1.35300 looks very strong as well. The price reacted at that level several times. It had a bounce yesterday again, which shows the strength of that level. Thus, the sellers may wait for the price to make a bearish breakout at 1.35300 to go short in the pair. The price may find its next support around 1.33500.
On the other hand, if the price makes a bullish breakout at the trend line, the buyers may keep their eyes in the pair to go long upon having breakout confirmation followed by a bullish reversal candle. In case of bullish breakout, the price may find its next resistance around 1.38500.

AUDUSD made a good bullish move as we anticipated last week. The pair had a rejection at 0.65250 and made a bearish correction. The pair closed its trading week right at the level of 0.64050. The H4 chart shows that the price reacted at this level several times. Thus, the level may hold the price as a level of support and push the price towards the North again. The buyers may keep their eyes in the pair to get a bullish reversal pattern to take long entries. The pair may find its next resistance around 0.65250 again. A bullish breakout at that level may push the price towards the level of 0.66800.
On the other hand, a bearish breakout at the level of 0.64050 may drive the price towards the South. The price may find its next support around 0.63300. In that case, the sellers may wait for the price to consolidate or make a bullish correction followed by a bearish reversal pattern to find some short opportunities.
Considering both charts, it seems that the Bull may dominate in the pair next week.

USDCAD was bearish by obeying a bearish trend line last week. The price did not obey the trend line but moved towards the North to extend its bullish correction. It then found its resistance and made a strong bearish move. The H4 chart shows that another bearish trend line can be drawn, which has been driving the price towards the South with good bearish momentum. The price consolidated and made another bearish breakout at horizontal support 1.36000. This breakout may attract more sellers to go short in the pair. The pair may find its next support around 1.35000.
The buyers on the other hand must wait for the price to produce a strong bullish reversal pattern to be able to find some long opportunities that justify risk-reward. A breakout below the level of 1.35000 may make them wait longer.
Considering the H4 chart, it seems that the Bear may dominate in the pair for some days.

AUDUSD made a significant bullish move in the H4 chart. The pair after being bearish for some weeks got choppy in the H4 chart. However, it produced a bullish engulfing candle to close its trading week at a level of support, where the price had several bounces. The pair closed its trading week above the last swing high. It means the buyers may wait for the price to consolidate or make a bearish correction followed by a bullish reversal candle to go long in the pair. The pair may find its next resistance around 0.65350.
On the contrary, if the price does not find its support but makes a bearish breakout at the level of 0.62300, the sellers may go short in the pair and drive the price towards the South further.
Considering recent price action, the Bull has an upper hand here. Thus, the buyers may keep their eyes in the pair to find long opportunities next week.

USDCAD made a bearish move followed by a bullish correction. The price had rejection twice at a down trending trend line. At the second rejection, it did not produce any bearish momentum. In fact, the pair is traded around that trend line. If the trend line produces a bearish reversal candle, the sellers may look to go short in the pair and drive the price towards the South. The H4 chart shows that there is enough space for the price to travel towards the downside. It may find its next support around 1.35000.
On the other hand, if the price makes a bullish breakout at the trend line, the buyers may wait for the price to consolidate around the breakout level followed by a bullish reversal candle to go long in the pair. The price may find its next resistance around 1.38500 in case of a bullish breakout.
Considering both charts, it seems that the Bear has an upper hand here. Let us wait and watch what the price does next around the trend line.

AUDUSD had another bearish week. The H4 chart shows that the price had a bounce at 0.61800 and made a bullish correction. It found its resistance around 0.63450 and made a strong bearish move. However, the pair closed its trading week above 0.61800. The sellers may wait for the price to make a bearish breakout again at that level to go short in the pair. The price may find its next support around 0.60000.
On the other hand, if the level of support produces a bullish reversal pattern, the buyers may push the price towards the North. The level of 0.63450 may work as a level of resistance again in that case.
Considering two charts, it seems that the Bear has more space to travel. Moreover, the pair has been bearish in major time frames as well. Thus, the Bear may win the battle here and end up making another breakout to continue its move towards the downside.

USDCAD is traded within a triangle in the H4 chart. The price had several rejections at 1.28450. At the last rejection, it made a good bearish move, but moved towards the North by obeying an up trending trend line. If the price gets bearish and makes a breakout at the trend line, the sellers may go short in the pair and drive the price towards the South with good momentum. The H4 chart shows that there is enough space for the price to travel towards the downside. It may attract more sellers to go short in the pair. The price may find its next support around 1.32000.
On the contrary, if it makes a bullish breakout at the horizontal resistance, the buyers may push the price towards the North. The price may find its next resistance around 1.41000.
Considering the chart, the Bear has more space to move, but the Bull has some advantages too. Let us wait and watch who wins here. One thing for sure, USDCAD is going to be on the traders’ watch list this week.

AUDUSD closed its trading week at a significant level of support. The price had a bounce earlier at the same level after being very bearish. The pair then got choppy for a while and traded within 0.63650-0.65300. The buyers are to wait for the price to produce a bullish reversal pattern to go long in the pair. The price may find its resistance around 0.65300. A bullish breakout at that level may push the price towards the North further.
On the other hand, the sellers may wait for the price to make a bearish breakout at 0.63650 followed by breakout confirmation and a bearish reversal candle to go short in the pair. The price may find its next support around 0.60300.
The chart shows that the Bear has more space to travel towards the South. The question is whether it makes a breakout at the key level or not. Let us wait and watch for the price action around the level to find its next direction.

USDCAD made a strong bullish move in the H4 chart. In our last analysis, we saw that a bullish trend line pushed the price towards the North. The trend line still holds the price as a support. However, the price had a rejection at 1.38000. If the price gets rejected again at the same level and it makes a bearish breakout at the level of 1.36400, it may drive the price towards the South. The chart shows that there is enough space for the price to travel towards the downside. Thus, it may attract the sellers to go short and create good bearish momentum. The price may find its support around 1.32800.
On the other hand, if the price makes a bullish breakout at 1.38000. It would be considered as “Cup and Handle” by the buyers. A bullish breakout followed by breakout confirmation and a bullish reversal candle may push the price towards the North further. The price may find its next resistance around 1.43250.

AUDUSD made a very significant bearish move in the H4 chart. The price has been down trending by obeying a trend line and it had its third bounce to produce that move. The price had a bounce at 0.65830. Thus, the sellers may find an excellent short opportunity if the price makes a bullish correction and produces a bearish reversal pattern at that level. Since the momentum has been very strong. It may continue its move and consolidate upon finding its new horizontal resistance. Thus, the sellers are to keep an eye on the pair very closely to get short opportunity and jump into it.
On the other hand, the buyers must wait for the pair to produce a very strong bullish reversal pattern such as Double Bottom or a bullish breakout at the trend line. As things stand with the pair, it seems that the buyers may not get long opportunities to go long in the pair on the H4 chart.

USDCAD has been bullish in the H4 chart. The price has been moving towards the North by obeying an up trending trend line. The buyers may wait for the price to make a bearish correction and produce a bullish reversal at the trend line’s support. The H4 chart shows that the price has enough space to move towards the North. Thus, it may attract more buyers to go long in the pair and push the price towards the upside with good bullish momentum. The price may find its next resistance around 1.35700.
On the other hand, the sellers must be patient. They may want to wait for the price to make an explicit bearish breakout at the trend line to find short opportunities. As things stand with the pair, it is less likely to happen.
Considering both charts, it seems that the Bull may dominate in the pair for some days.

AUDUSD made an interesting move in the H4 chart. The price breached the level of 0.67000 and traded below the level for two candles. However, it went back into the breakout level to close its trading week. However, we may not consider it as a bullish breakout yet. Let us wait and see if the H4 chart gives us breakout confirmation. If the pair traded above the support level for at least one candle and produces a bullish reversal, the buyers may go long in the pair and push it towards the North. The price may find its next resistance around 0.67700.
On the other hand, if the chart produces a bearish reversal candle and closes below last week’s lower low, the sellers may go short in the pair and drive the price towards the South. The price may find its next support around 0.66130.
It could go either way. Thus, traders are to be very watchful here to find out its next route.

As expected, USDCAD made a good bearish move from the resistance level that we marked in our last week’s analysis. The pair found its support at 1.29600 and made a very strong bullish move. As of writing, the pair is traded around 1.31900. It has become a stronger resistance. However, if we consider the last bullish move, it suggests that the price may end up making a bullish breakout here. The price may consolidate around the level of resistance. If a candle breaches the level, the buyers may go long upon breakout confirmation at 1.31900/1.32000. The price may find its next resistance around 1.33500.
On the other hand, if the price continues its bearish move, the sellers may find some short opportunities in the minor frames. The price may find its next support around 1.30500.
It is going to be an interesting battle here. This time the Bull looks very promising.

AUDUSD has found its support at 0.67000 and made a good bullish move in the H4 chart. The price seems to have found its resistance at 0.68750. It has been in consolidation within 0.68750-0.68300. If the level of 0.68300 hold the price as a level of support and produces a bullish reversal candle, the buyers may keep their eyes on the pair to go long above consolidation resistance. The price may find its next resistance around 0.70350. It means it has enough space to travel towards the North, which may attract the buyers to push the price upwards with good momentum.
On the other hand, if the price breaches the level of 0.68300, the sellers may keep their eyes on the pair to go short in the pair. The price may find its support around 0.67000 again.
Considering both charts, the Bull has more space to travel. Thus, we may see that the Bull wins the race here.

USDCAD produced a Double Bottom in the H4 chart at 1.31000 and made a bullish move. The pair is traded around 1.32000. It is a very significant level since the price had a rejection at the level earlier. If the level works as a level of resistance and produces a bearish reversal candle, the sellers may keep their eyes in the pair to go short. The pair may find its next support around 1.31000. A bearish breakout at that level may drive the price towards the South further. However, the buyers may keep their eyes on that level too to go long upon having a bullish reversal pattern at 1.310000.
On the other hand, if the price makes an H4 breakout at the level of 1.32000, the buyers may go long in the pair upon having breakout confirmation. The pair may find its next resistance around 1.33500.
Let us wait and watch what the price does next.

AUDUSD has been bearish by obeying a down trending trend line. The price had a strong rejection before closing its trading week. The sellers may keep their eyes on the pair to go short below the level of 0.67700. The price may find its next support around 0.66800. The level of 9.66800 may hold the price as a level of support and push it towards the North upon producing a bullish reversal pattern. Thus, the buyers may keep their eyes on that level to go long. However, they must wait for the price to make a bullish breakout at the trend line before making any buying decisions. In case of a bullish reversal at the key support level followed by a bullish breakout at the trend line, the price may find its next resistance around 0.68600.
Considering the chart, the Bear is in charge. However, we may see that the Bull comes into the game soon.

USDCAD has been up trending in the H4 chart. The price has been obeying an up trending trendline. The price seems to have found its support at the trendline several times. It produced a Double Bottom and made a strong bullish move. Upon producing an ABC pattern, it moved towards the North again this week. The price has been having a bearish correction. If it finds its support and produces a bullish reversal candle closing above the last higher high, the buyers may push the price towards the North again. The pair may find its next resistance around 1.32250.
For the sellers, they must wait for the price to make a bearish breakout at the trendline before making any selling decisions. As things stand with the pair in the H4 chart, it may take time to offer short entries to the seller.

AUDUSD produced a Double Top in the H4 chart and made a strong bearish move at the second rejection. The pair closed its trading week by producing a bearish candle, which suggests that it may start its next week by having a bearish gap. The sellers may keep their eyes on the pair to go short. It may find its next support around 0.68700. If the price consolidates around the level and makes a bearish breakout at 0.68700, the sellers may go short upon breakout confirmation followed by a bearish reversal candle. The price may move towards the South further with good momentum and find its support around 0.67600.
On the other hand, the buyers must wait for the price to produce a strong bullish reversal pattern such as a Double Bottom around the level of 0.68700. If the price gets bullish upon produicng a Double Bottom, the buyers may get to go long in the pair.
Consdiering the chart, it seems that the bear may dominate in the pair next week.

USDCAD made an interesting bearsih move in the H4 chart. The price was heading towards the North by obeying an up tredning trend line. It made a bearish breakout yesterday. The pais is traded below the trend line. The price has been having a bullish correction around the resistance of that trend line. The sellers may keep their eyes on the pair to go short upon having a bearish reversal candle. The price may find its next support around 1.29000.
On the other hand, if the price keeps heading the bullish correction and goes inside the trend line, the buyers may wait for the price to make a bullish breakout at the last swing high to go long in the pair. It means the buyers are to wait longer to go long in the pair as far as the H4 chart is concerned. In case of a bullish breakout at the last swing high, the price may find its next resistance around 1.31650.

AUDUSD made a good bearish move in the H4 chart. The price found its resistance around 0.71250 and produced a bearish engulfing candle. Since then it has been heading towards the South. The pair closed its trading week at 0.68700. The price reacted at this level several times earlier. Thus, the pair may consolidate around the level for a while. A bearish breakout may drive the price towards the South further. It may find its next support around 0.67700.
On the other hand, if the price produces a bullish reversal pattern, the buyers may go long and push the price towards the North. If that happens, the price may find its next resistance around 0.70000.
If we have a close look on the H4 chart, we find that the price completed a Head and Shoulder pattern.
A bearish breakout may take place because of recent price action. Let us wait and watch what the price does next.