Not sure what happened, but the price made a strong drop; there was no news released. Price fell below my EMA and made a new low. I'm looking for a retest to continue the move down.
This morning, high-impact news on USD had pretty much no significant changes. Yesterday UCAD made a new high, pushing up almost 180 pips after failing to push and forming a triple bottom. I'm still bullish!!!
The move I was looking for yesterday didn't happen when I expected, but that's why we should be PATIENT! I'm still bullish on this until price falls below my EMA and start making lower lows.
UCAD broke above and retested around 1.44150 and made a new high. I'm looking for this to push higher. High-impact news is set to release at 2pm EST.
The news released for USD was positive, so I'm expecting USD to rise. It has already taken out the last high, and it could potentially push higher.
Price still hasn't been able to close above 40.970 and continues to reject. The lower time frames confirm bearish candle patterns. Looking to see yesterday's low taken out before the bearish trend continues.
US30 failed to take out the previous high at 40.960 area and instead rejected that area.
The dollar continues to show bearish movement, even with the positive news for USD this morning. USD failed to break above 1.37265; therefore, price rejected this area and fell. If price breaks below 1.36900, UCAD might continue to push down further.
Updated from 8/13 analysis This morning news release had a negative impact on USD, I'm looking for UCAD to continue pushing down.
The release of the Core PPI m/m had a negative effect on USD which will cause USD to drop.
US30 has been in a downtrend for quite sometime now its making its way to the upside. Price has rejected 30500 area three times creating a triple bottom. What are your thoughts?
New was just released and it was good for the US $. I am expecting US30 to push lower.
USDCAD is still making highs. Looking for uptrend to continue.
US30 made a new low after the release of todays news. I'm looking for it to continue to the downside.
After the new release on Friday the dollar pushed to the upside. After pullback I'm predicting USDCAD to continue the up trend.
US30 failed to make lower lows and now looks like its headed to the upside!!!
US30 continues to make lower lows to continue down trend