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AUDNZD: Will the Price Obey the Equidistant Channel?
AUDNZD: Will the Price Obey the Equidistant Channel?
AUDNZD has been up trending on the H4 chart. The H4 price action suggests that the price may get trapped into an equidistant channel. The price had a rejection earlier, and it has had a rejection today as well from the potential upper band (Resistance). Thus, it may come down to the...
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GBPNZD: Will the Resistance Level be Held?
GBPNZD: Will the Resistance Level be Held?
GBPNZD has been ranging within an ascending equidistant channel. The price has been heading towards the North with an ABC pattern within the rising channel. The price had rejections from the upper band (resistance) twice. The buyers may come out with their profit once the price hits the...
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GBPUSD: Will the Resistance Level be Held Again?
GBPUSD: Will the Resistance Level be Held Again?
GBPUSD after being very bearish on the daily chart, the price seems to be having a bearish divergence on the H4 chart. The price has been obeying a bearish equidistant channel and just had another bounce today. GBPUSD is now heading towards the resistance level. The sellers would love to see the...
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AUDCAD: Will the Lower Band be Held as the Support Level?
AUDCAD: Will the Lower Band be Held as the Support Level?
AUDCAD had a bearish move on the daily chart recently. The price seems to have found a level of support and it has been heading towards the North now. The H4 chart’s price action shows that the price has been bullish by obeying an ascending channel. After having two rejections at the u...
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USDCAD: Will the Support be Held or Breached?
USDCAD: Will the Support be Held or Breached?
USDCAD has been obeying an ascending Equidistant Channel on the H4 chart. The price after having a rejection from the level of resistance has been heading towards the level of support again. The buyers would love to see that the level is held by the H4 candles. On the other hand, the sellers...
Read more on Ditto Trade: USDCAD: Will the Support be Held or Breached?
