DXY could make a solid comeback this week and with oil falling, we might see usd/cad start a rally from here
USDCAD(UC) Hidden Bearish Divergence, Short Required
The Loonie has been in a strong downtrend on the higher timeframes ever since the March crash. However, we're approaching key MAJOR support and this is where the higher timeframes will be key. We have weekly support but a weekly descending trendline. Which will break first? Only the market will tell us. What we're looking at here, is the Head and Shoulders on...
So we always try to have a plan for both sells and buys but the #loonie looks long here. It's currently sitting just above one of the strongest levels of support I've ever seen: Key Key psychological 1.30 level Weekly 61.8% Fib Retracement! (WEEKLY FROM JUNE 2017 SWING LOW!!!) Previous September lows when the DXY was crumbling couldn't break this level! So as...
TECHNICAL: Descending Trendline Daily Fib 4hr Fib 4hr 800ema Weekly support 4hr Ascending channel Potential 4hr Double Top Buy Entry Break of Descending channel break of 4hr 800EMA Break of resistance @ 0% fib break of 4hr resistance to invalidate double top Target -38.2% Fib Sell Entry Break of ascending channel Close below 23.6% weekly fib and confirming...
Whole day price was in a tight range of 30 pips. Its broke the resistance, we can go long for 30-50 pips, bc ADR of this pair is around 80 pips.
USDCAD Structure Rejection to Downside (1.27 ext)
the horizontal coloured lines are the important levels to watch
Welcome, Below you will find our trading notes: Monthly view - BULLISH Weekly view - BEARISH Daily view - BULLISH Previous week LOW - 1.3234 Previous week HIGH - 1.3451 Previous week profile - BEARISH News this week: 11/08 TUE - 14.30 12/08 WED - 14.30, 16.30 13/08 THU - 14.30 14/08 FRI - 14.30. 16.30 Where to focus: SELL SIDE SETUPS MAINLY, BUT THERE...
Daily Chart - Forming a head and shoulders pattern with the neckline at 1.35 - Price broke below the 233 period VWEMA, came back retested and rejected it - Price rejected the 1.37 even within the 50 - 618 retrace level - Trend RSI broke and has stayed below the 50% level Weekly Chart - Major support was broken a few weeks back - Price has since came back to...