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Ucad

USDCAD Fibonacci Support Resistance Zones: UC as of Jun 17That's a LOT of lines, I know. Kind of like ''draw a bunch of random lines and some of them will work", right? This asset has just been so choppy, that it has left a LOT of ripples. But it looks like it might be leaving the chop range. So that should help me define better resonance frequencies soon. Also, I found a way to make the zones go back to origin point. So some the recently created zones will only go back a few hours. The longer (time period) that a zone is, the larger time frame that Fib covered As well, I have left a couple of the recent Fib extensions used as examples. My complete chart has so many lines one can hardly see the price. So for actual trading, I use this simplified chart as the guide for support/resistance. I will update as new zones are defined by upcoming Fibs.
by EuroMotif
USD/CADI am in this sell from where it broke the high. I did not have time to post. The idea here is to break the low to that .618 with the potential of it going down much further longer term. It doesn't have to go to that underlined 1.618 or break the low, but pattern wise seems like it should continue down I would think to at least equal length to 1.236 extension. I marked the .786 level above (see small yellow arrow) as a possible place to get exact entry on it breaking the high of this consolidation, but it just shot down. I would look for sells or at least watch that level I mentioned should it push up again to break the consolidation high.
Short
by thillygoosth
4
USDCAD 02SET2017 September and October forecastI believe this Month - September - for USDCAD will be BLUE and with a Low at 1.23047 and the High at 1.28430. October High will be at 1.27730 so this month should close bellow that point in order to this idea become confirmed. All those waves have the purpose to sync/converge to 1.22030 that I believe will be Low for next Quarter where a great Up will occur up to 1.3915. The first jump (4th wave of this last )will occur at 1.2335 - not yet there - but will go down again to seek 1.23047 as this will be this Month Low/impulse up. Pay attention specially on the thick lines in violet, as the dashed and thinnest lines are more flexible to occur. This study is based on the Quarter/Monthly data by using convergence calculations on waves. Please be aware that: - These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server - should use Forex.com data here on tradingview to sync 4H and daily charts . - Please note that I am only predicting where things happens, not when, because that really depends on others factors such as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool. - Also those points/targets are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence on very high timeframes starting from daily charts up to yearly.
by Caipora
USDCAD - Potential Weekly ReversalRound two at an attempt for a USDCAD reversal. Price bounced off a ~4/5 year long trendline as well as the weekly candle looking as if it will not close below the lows of 2015 (highlighted in green) stochastics are showing a crossover and cross up, multi-TF MACD starting to curl, and multi-TF RSI already given one buy signal. USD could gain some strength after ISM numbers today, CAD PMI numbers fell short today, but Oil is likely to rise in the near future. This will will not be a fast reversal if it does happen.
Long
by Jroge107
USDCAD - Long-Term SetupIf usdcad weekly candle closes below bollinger bands, i am looking at price to continue down around the 1.275-1.283 range. My "alligator" indicator is showing a full open mouth, with potential of more downside. If you look back on the chart, the last few times the candles close outside of the bollinger bands the market usually continues for a minimum of another 100-200 pips. This small continuation puts us right around the white support/resistance line. Look for a good sign of a reversal at this time, if a pinbar forms i will be looking at opportunities to enter long into UC.
by Jroge107
1