09/04/2017:i am still bulish on the pair. EMAs are crossed up on all major pairs. On the monthly we printed a spinning top candle representing indecision. We tested and rejected weekly resistance of 1.1925 On the weekly we printed a shooting atar which spiked through key resistance implying we are going to see a retracement. On the Daily we saw a hammer late...
09/04/2017: I am still bearish on the pair as we have EMAs crossed upward on all major time frames. That said, on the monthly we have failed to push price higher this month and print a hanging man pattern on the monthly indicating signs of exhaustion. On the weekly we printed a hammer pattern that rejected the 8 EMA indicating continued upside. On the daily we see...
09/04/2017: I am still bullish on Gold. On the monthly we saw a strong bullish candle close just below 1325. Weekly: a strong bullish candle close directly under 1325. On the daily i am looking for a possible retest of 1300. Regardless I am looking for price action buy signals to get long and rejoin the uptrend. I am cautious of a possible supply zone at 1350 that...
09/04/2017: I am currently bearish on the pair. Monthly: We tested and rejected 108.724, but still closed slightly lower on the monthly. EMAs are crossed down. We had a spinning top type candle, representing indecision which is true based on current consolidation. Weekly: We pushed up and test the 8 EMA which was rejected, but we formed a hammer type candle...
09/04/2017: Monthly: EMAs are crossed to the down side. In august 2017 USDCAD tried to push up and retest 1.28 but didn't make it all the way and was pushed back down and closed Doji just below key Weekly Support of 1.25. Weekly: The 8 EMA on the weekly was tested and rejected last week. making a new lower low on the current leg. We also printed a shooting star...
8/30/2017: Bullish on the pair. We are currently retracing as expected and are looking for price action buy signals to go long. Ideally we would like to see a bullish candle close over 1.1925 before going long.
8/28: The market opened gaping high today, and pushing higher. I am still looking for a retrace to buy against . At a minimum i see 1.1932 being retested.
8/28/2017: Bullish momentum took out .79643 today from a swing trade have been riding for over a week now. Next Target us .80067, but we are looking for a retracement to buy against around .79255
8/28/2017: Today we retraced a bit from the current bearish trend. We retested the major support we just broke through and are currently test the .618 Fib levels. I am looking for price action sell signals from the level for further down side. This is setting up exactly as we thought.
08/28/2017: Price Action Printed a doji to representing some indecision, but we say a retest of key support that was broken last week, which was firmly rejected. I am looking for more down side this week. Looking to take out .94473
08/25/2017: We had a nice HAMMER on gold on the weekly rejecting key fib levels and daily resistance indicating we are looking at upside this week. We also printed a beautiful HAMMER on the daily rejecting key FIB zones and the 8 and 18 EMA. We are still in consolidation though, but we are looking for a break to the upside this week possible taking out 1300 and more
Week Close we have seen a SHOOTING STAR That tested and Rejected the 8 and 18 EMA along with a Key resistance level. This is strong indication we could be heading downward to .92260. We saw a bearish engulfing on the daily. I am looking for a retest of .958 before the pair resuming its Bearish trend
08/25/2017: On the weekly close we see a Bearish Engulfing Candle which went all the way down to .72 for a retest and was rejected. This was a key area of support we were looking for price action buy signals from. On the Daily we see a Three Wick Pattern has formed indicating we are headed back to the upside to at least retest .731. I am personally waiting more...
08/25/2017: Weekly Close printed a strong HAMMER on the weekly indicating more upside to come. The HAMMER tested and rejected the 61.8 / 78.6 FIB...more confluence that more upside is in store. On the daily we saw a Morning Star pattern print, testing and Rejecting the same FIB levels as the weekly. Additionaly on the Daily we saw the third bounce to the upside...
8/25/2017: The weekly close print a nice HAMMER that tested and reject key support of 140. We have not broken this support level in four months. We could possibly see a retracement to 142 based on this price action. On the Daily we are seeing a Morning Star Pattern indicating we will continue with the retracement. We also see a counter trend line break. Predicting...
8/25/2017: We saw massive bullish engulfing on the Weekly and Daily Close indicating more upward momentum. This move was partially due to news, so i am expecting a retrace and at minimum a retest of 1.18240. The structure of the Fib set almost two weeks ago still remains intact. We are still trying to take out key support level of 1.19320 which was test and...
8/25/2017: I am still bullish on this pair. Analysis has not actually changed in over a week. We are just waiting for the break out to the upside. On Friday we saw a testing of 0.79255 and we see the Weekly and Daily Close over the key level of resistance. On the Weekly we see a three pin pattern which is giving us a strong indicator of additional upside. THe...
8/25/2017: Heavy News Day, UCAD did exactly what I predicted. We saw a retracement back to a key Fib level (38.2) and it push down to take out the 27 Fib Take Profit. While I did not trade friday, it is always good to see analysis is correct. Since Friday was a heavy news day I am going to be very observant of a pullback back to the previous Fib levels we saw...