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USDCAD DAILY (11/5/22)Here we have usdcad in a uptrend channel where it has only made 3 touches so far. we did get a breakout of this channel but price was able to give us solid bullish candles to get back in and close within the channel giving us a fake out (Highlighted in graph). This fake out also gave us the 4 touch of an inner channel which has also given us a flag pole formation. I believe that UC has the potential to reach between 1.341 & 1.351. I will post analysis of lower time frame in the next post.
Long
by J_Pipsfx
US OIL - $100 move completed, Congrats!!See below for the tracking of analysis - happy to say, target achieved for the long term position holds. Hello Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Oil is an investment, so here is the technical and logical analysis behind the long term investment. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence. Monthly Add positions upon the following, clear directional sell hedges Confirmation upon the daily Higher timeframes provide a clearer image of high probability of CP making natural moves aligned with Indexes, VIX and commodity pairs. Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits. The strong imbalance lays within the $57 - $67.5, whereby the monthly level has been tested leaving netting wicks upon the imbalance body highlighted. Weekly The weekly shows the strong whipsaw effect for the bearish indication however this ultimately created the activation for further longs to be added. With imbalances, these are always tested. Due to a first test needing a solid rested, the daily will present a closer look to the whipsaw movement October analysis Buy Zone was between 61.8 - 66.8 $ Daily Chart - buying from the retrace. Price had made a great opportunity here for a buying opportunity whereby price will test the new established Daily imbalance. The price has shown now a breakout of the downward corrective channel. see here The current daily chart This shows three potential areas whereby price has clearly marked three daily imbalances - two of which are stronger zones. . Price originally broke from the channel, and reached the desired $80 zone, where a strong pivot is reached at a strong first touch of the -0.27 or on the monthly chart a top of the previous sell off initiation. Price begins to pivot off the fresh level and reverts back to a strong pivot, which is linked close to "0" of the Fibonacci monthly sequence. This offers a daily imbalance and weekly combination. On the daily, this retests the "0" and also follows the continued downward trendline - which presents an opportunity to create a buying discount. ** Imbalances always retest. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
TVC:USOIL
by LupaCapital
The Dollar Index - Back to Financial Crisis NiveauAs you can see, the Dollar Index got rejected on our monthly longterm Trendline, which is at a strong confluence zone with the 61.8% golden Fibonacci ratio. Also, we do have a reversal pattern on our daily timeframe - a so-called Evening Star pattern, which is a very strong and statistically one of the most powerful Candlestick Patterns. Fundamentals: I think that the biggest surprised this year will be a weak Dollar, which will close red on the yearly Candle. Most analysts think that the Fed is forced to hike the rates above consensus, however I think that we will get less Rate Hikes as expected. Also, current Dollar price might already have shown the increase of rates as priced in, which would explain why we are heading towards south now, in order to start our next bearish cycle. I expect contrary to most analytical opinions, such as those of J.P. Morgan, Morgan Stanley and Goldman Sachs, a weak Dollar, which enforces a stable Stock Market, running Crypto, a reversal of the Euro and Gold rising above $ 2000 an ounce. This is no financial advice. RT
TVC:DXYShort
by RT_Trading_