Get started
SteynTrade

USDCAD retrace is going to take a little longer

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
SteynTrade  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD Ichimoku Cloud ichimokukinkohyo AB=CD correctivestructure volumespreadanalisys TDI
21
0
usdcad ichimokuclouds ichimokukinkohyo abcdpattern correctivestructure volumespreadanalisys tdi
The BC leg of the larger ABCD correction is probably going to take some time longer to complete. We saw a correction to the 61.8% level of the up move before we reached the confluence of significant levels around 1.335. This week we could see a continuation of the up move. The 'TDI is showing bullish signs and the down move is not supported by volume.

Related Ideas

SteynTrade
USDCAD a different view
SteynTrade
USDCAD correcting until the end of the year?
SteynTrade
USDCAD still looking for completion of the retrace
SteynTrade
USDCAD The final push
SteynTrade
USDCAD one more leg up?
SteynTrade
USDCAD Nearly at the top
SteynTrade
USD still moving along the cloud
SteynTrade
The cloud and the USDCAD
SteynTrade
USDCAD the cloud (Kumo) is still defining the resistance
SteynTrade
USDCAD still on both sides of the cloud
SteynTrade
USDCAD staying on both sides of the cloud
SteynTrade
USDCAD on either side of the cloud
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.