SampersandR

SampersandR

after a strong couple of weeks with the CAD struggling against the dollar, the cad has made a turn around looking stronger against USD. The downward trend seems to have slowed down and looks to be consolidating betwen 1.293 and 1.283| The angle between 21 and 9 period MA has decreased confirming the slow down a break below the support of 1.282 may see the USDCAD...

SampersandR

BTC looks to be recovering after hitting its lowest level since mid February it however looks like it may struggle to break the 8600 level given the strong resitance at this level The bounce off 7300 was driven by strong volume it would be possible to push further beyond 8600 with similar volume profile if the market pushes it further, the next stop for the...

SampersandR

The CAD has been rallying in the bast couple of weeks last week it finally broke the 1.3 level and stayed above it for to close off the week at 1.309 today started off with what looks like profit taking, but the market did not push the currency further down beyond the 1.3 mark, an indication that the market believes the loonie still has some steam on it the upward...

SampersandR Updated 

Most of the analysis is covered on the chart, i will add though that next week is jam packed with key announcements. And as I have come to learn, how the market reacts relies heavily on sentiment

SampersandR

My gut feeling tells me that it will form within tomorrows trading sessions. May see some bullish action, pushing the price up to 113.00 which seems to be a much stronger resistance than the current level. Some good news from tomorrows release MIGHT help further push the price down below the head and shoulders neckline, from there I can see the price halting at...

SampersandR

The loonies bull run has been consolidating for a couple of weeks now. The price recently broke the support however quickly returned within the range. From here its all the way up to the resistance level(one could trade range and sell at resistance), if this range is broken this may indeed be a sign of a final continuation of the preceding bullish run. Entry at...

SampersandR

my first of what I hope to be many shared ideas. looking at the pair over 4 hour candles one can clearly see an ascending triangle(which could definitely breakout in any direction). The pair has been trending up with higher lows and higher highs, there seems to be a fairly strong resistance at around 1.17235, if this resistance is broken there is a good chance...