Lanson_Chen

Lanson_Chen

since US Index is going week, and all the stock market are tumbling

Lanson_Chen

USD seems reach its highest point on this run, it is impossible to stay that strong in next period

Lanson_Chen

USD seems reach its highest point on this run, it is impossible to stay that strong in next period

Lanson_Chen

Breaking the $50 level, short

Lanson_Chen

it is so obvious on chart, plus good CPI data can't even push USD higher, which means long momentum is fading quickly

Lanson_Chen

stop loss 1.2990

Lanson_Chen

stop loss 100.47,target 101.9

Lanson_Chen

same reason as short AUD. daily trend line suppressing, easy to set stop-loss

Lanson_Chen

very nice pattern in both day chart and 4H. easy to set stop-loss (eg @7650)

Lanson_Chen

Recent down trend has finished. now it is making some consolidation for later rally.

Lanson_Chen

seems another uptrend is in its early stage. still need some correction to consolidate. price might drop to 102 first, we can long when price reach there.

Lanson_Chen

since price has retest previous high + lying in 10~20 MA zone

Lanson_Chen

retrace to 20 MA, if support by MACD 0-axis, then long

Lanson_Chen

target 1.326

Lanson_Chen

it might retest 1.32 level then go up again

Lanson_Chen

USD is now making an ascending triangle, once it finish, proce will go up and hopefully reach 100% extension target.

Lanson_Chen

There is no doubt USD will be stronger than CAD in the future

Lanson_Chen

target 1: 1.323 target 2: 1.32 target 3: 1.316 (unlikely) then long after ajdustment finish