SimonBrisebois

SimonBrisebois Updated 

I will look to buy usdcad on a pullback to 1.2925. There's a lot of convergence in this area.

SimonBrisebois

I'm long on usdjpy

SimonBrisebois

The US dollar is turning bullish again. With respect to USDCAD, it is trading at the fib 50% and on the bottom of the ichimoku cloud. If price was to rebound on that level, a reverse head and shoulder would be formed. I'm also bearish on oil so the Canadian dollar being correlated, USDCAD should go up. Also keep in mind that the recent Canadian economic datas were...

SimonBrisebois

I'm short on USDCAD, strong resistance level. Target is 61.8% Fib

SimonBrisebois

Elliott wave's principle is that the market moves in waves. In a mouvement, there is 5 waves or impulses. Here with AUDUSD, there is a clear double bottom reversal ending the bearish trend we were in for a few years. After the double bottom, we saw the first wave already completed and right now we are in the second wave, which is a corrective one. We should begin...

SimonBrisebois

There is a bearish divergence with the RSI and a rejection zone north of 16.20. XAGUSD is trading in a parallel channel. My outlook is bearish.

SimonBrisebois

TECHNICAL As you can see on the chart, there is a bearish divergence on the RSI. You can also see that the area above 0.7721 was tested many times and faced rejection every single time. FUNDAMENTAL The Australian dollar is correlated with China and gold because the country relies a lot on exports of raw material to Asia. On China... China’s gross domestic...