i want to be honest with you.
nobody cant predict price path before some prices are seen so if 0.83813 and 0.84470 will seen in this week , price will move to higher levels like 0.84869 and we can set our Strategy to buy.
if the price can not reach to the 0.83813 we have bearish trend and we can set our Strategy to sell
(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs.
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After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term,...
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an impulse , correction continuation pattern . We are currently sitting around the 0.786 Fib level that was rejected previously more than 3 times now.
Weekly : We we are forming a potential "W" formation and we rejected the quiet strong support...
looks like it has reversed from a UpTrend change Downward, the main reason for this is the Hidden divergence of the indicator MACD and touch the supply / Resistance Level 1.5670
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This analysis means a lot to me.
>> If you follow this analysis very carefully and in detail.
>>...
Considering this potential 3 Drives Pattern, the Canadian dollar, which has been falling since September mightbe poised for a recovery. I've closed out all my USDCAD LONGS in profit and will be monitoring price action for the Looney against the basket of other currencies for potential LONG setups.
