Once Price Initially bought from ~$29,000 range, price shot up to $52,000 then sold to around $41,000 level. From Fib retracement, this was at the 50% fib level. As price brought and went to a new all time high of ~$68,000, we were able to place a dynamic support trendline. Price seems to be selling now looking to retrace from either 50% fib level or 61% level...
US Dollar due to inflation and other economic and social issue has indeed been a reason for the bearish momentum for the US Dollar. Expect price to reach bottom support Zone with a couple of retracements as shown in analysis. Price will show a triple bottom and double top (M formation), prediction is this will complete towards end of August/Early September. What...
As we see, we are currently on a uptrend direction, with higher highs and higher lows for USDCAD on H4 time frime. By just using support and resistance lines as well with the bollinger band on the H4 time frame, we can clearly see that each new higher high has indeed touched and or broken the top bollinger band. Also to point out, on the monthy/weekly time from...
