Confluence: -Weekly Support being respected (1.30000) -Broke A Downtrend Line and retested it -Previous zone has yet to be retested (1.33000 - 1.3165 on the 1HR Chart) -Higher high candlestick close after retesting the breakout (1HR Chart)
The chart shows INVERTED dollar index (blue) vs CAD index (candles). There is a clear correlation between inverted dollar and CAD - that is, a stronger dollar negatively impacts CAD - likely since a stronger dollar weighs on commodity prices in general. At present, there is a strong divergence between CAD index and inverted dollar. This needs to be...
XA Is the initial Breakout Impuls of the multimonth Flag Pattern. ABCD We are seeing another Breakout Flag pattern above the larger one. ABCD also can be seen as a textbook Gartley pattern. Natural target would be around 1.50 level. My entries are: Buy 1.4485 Stop 1.4380 Target 1.4990 To be honest, i am liking this setup very much, and i also think the...
Looking to short this pair, following the weakness we saw from NFP, technicals point to the downside. A rising wedge which is being squeezed by its throat and some bearish PA. Trade safe
Once the Cypher Pattern is completed, at the green line is an opportunity to go short. cheers : ). The stop loss is going to be above the point X in couple of pips. GOOD LUCK & cheers :D
Carefull with this one. Tide stop. It looks like pennant pattern on the way down. Question is break down or another rotation.
Overall daily bullish bias. Potential aussie strength to come? opening the doors for a long position. Break of the immediate resistance and trendline could warrant a long. Flat for now until a clear opportunity to enter presents itself.
Pullback and UP till .786 Video: Canadian Dollar Chart Evaluation on Bigger Time Frame (Weekly chart) 12.25.2015 www.youtube.com
I'm seeing signs suggesting that the Canadian dollar, which has been strengthening over the past few weeks, is now getting ready to reverse and decline in value. For many CAD pairs like AUDCAD, GBPCAD, or USDCAD, this means a long opportunity is information. In the case of this particular chart, we are seeing hammers forming off a support level, at a 50%...