Sunday, 12 February 2017

Feb 12, 2017 - Weekly Charts: DX, EURUSD, USDCAD

Hi,

for a long time, here at Land Of Trading we were USD bulls. The Price Action of the last two weeks on DX showing some signs of possible consolidation or even deeper pullback.

What bulls need to do ?
Quickly take out supply ( and close above it on weekly chart ) visible on the chart below.



We don't change the medium term view yet but cautios is needed!

Also, please check EURUSD and USDCAD charts below ( description on the chart ):

DX Weekly:



EURUSD Weekly:



USDCAD Weekly:






Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

Related Posts:

  • NFP - Charts - Tech overview Hi, Non Farm Payrolls as a key point today. Be extremely careful as market can react differently than before. Dont forget we are in summer holiday mood :) EURUSD 1h chart: USDJPY 1h chart: SP 500 FU… Read More
  • People`s Party won 137 seats in Spain`s Elections (2nd update) Peoples of Spain turned to pro-establishment People`s Party of Mariano Rajoy, which has won 137 the seats (39% of 350) in the repeated Spanish Elections compared to 123 in December. The two biggest left wing parties of th… Read More
  • Brexit going real… Draghi (ECB) and Carney (BoE) meeting for a Friday cup of tea? Why not, as there is really lots at stake. Don’t even forget about EUR clearing still taking place in London and not in Frankfurt or Paris what would many t… Read More
  • NFP: Upcoming Friday US job data preview Friday’s NFPs have become a highly watched event, as after May +38k figure, Brexit referendum impact and uncertainty in global economy they will definitely provide some hints whether Fed is really off with rate hikes until l… Read More
  • Forex - Live European Session 28.06.2016 ( Updated ) Hi all, that's beta test of our Forex Live Market Coverage - Market Makers Method / Price Action / Supply & Demand. 8:38 GMT ( 29.06.2016 ) - thank you in advance for any comments and feedbacks. JOIN US TOMORROW A… Read More

0 comments:

Post a Comment