Only charts

Here is the currencies forecast for 2019 from nordea bank :

Early indication for monday forex prices ; Eur/usd 1.1604 Gbpusd 1.2944 Uscad : 1.3070 "Gap up" Thin liquidity prevails on monday as us markets are on vacation .

Usdcad broke the resistance at 1.3130 and now trading at 1.32 , the pair is trading in an upper rising channel. It could hit the upper side of the channel at 1.3270 this week and start a correction from there. If you are short usdcad and in a losing position , you can wait for the correction which might get as low as 1.3050. My previous analysis for the pair turned out to be wrong .

Tomorrow , Thursday , is the day you sell usdcad at whatever level you want. Probably at 1.3030-3130 , i know this is a big range , but it will pay off hugely . The fed raised and there is still scope for 2 more hikes this year. There will be some dollar strength of course today and tomorrow before we see a reversal Shortly , i will post a recommendation for trading usdjpy as well.

Trading currently at 1.3010 , usdcad is very recommended to be sold at current level with a very good pay off . RSI level approaching 70 mark and it is expected we fall to 1.28 handle .

The economic calendar today is free except from fed's members "evans" and "williams" who are set to speak todat before and afer the release of FOMC minutes at 18:00 GMT. Low volatility is expected , however I see this event as very critical indicator for the direction of the dollar and it wilĺ decide if majors break the tought trendlines and support areas. Usd/jpy and usd/cad are facing trendlines and failed to break on friday after NFP figures..will they break the trendline after the fomc minutes ??? On the other side , we have eur/usd and gbp/usd which are very well supported at 1.1680$ and 1.3030$ areas respectively... I think we might see these areas and trendlines broken this week...

Usdcad has lost over 1000 pips over the last few weeks. Maybe it has paused for a while and recover to test the trend line shown in the below chart whih may be around 1.26 and the 200 MA lies at 1.2540 ... So you can jump in selling again at this area targeting 1.2460 and 1.2380..

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.

Check below chart to get a glimpse of where we are standing now. The pair has been advancing since poloz speech making a hammer candle on the 4h chart and posting 250 pips more. The pair is currently capped by the upper trendline of the ranging channel. We can issue a short trade here looking to take profit at 1.2960 The stop loss is on daily close above the 1.3350 area.we would issue a long position then targeting 1.3650; P.S: The long position issued at 1.3054 closed at 1.3320

I am long on usdcad "loonie" at 1.3020 but I am looking to add more to my current position at 1.2940 area and 1.2880 area. My stop loss for this trade will be on daily close below 1.2880 area . My target is 1.3240 in the medium term view , I think the catalyst will be better than expected US retail sales due tomorrow at 12:30 GMT.

USDCAD has been trading in an uptrend channel for the last 7 0r 8 trading days . After the us fed declared that the economy is still in pace and working fine with employment figures and wages . No assessment of the inflation has been mentioned so the dollar reversed the gains momentarily. Of course , personally believe that charts rule and the fundamentals are just the catalyst. Fundamentala come out at the perfect time to make the markets move in the right direction. Anyway , as below screenshot of #usdcad chart on the 4h time frame , the pair is holding above the 200 MA and first area of support lies around 1.3130 area , the pair ia expected to fall to this area and beyond after breaking the channel.