Moving on with the FOREX week, I am bullish on CADUSD. And probably at the end of the impulse. Goals in green, invalidation in red. Not financial advice, do your own research.
This is the second analysis on this series of majors against the U.S. Dollar (USD). In the previous post we analysed the Chinese Yuan Renminbi (CNY) against the USD; now we're taking a look at the Canadian Dollar (CAD) against the USD. The CAD is second in our ranking of currencies in relation to the 'Rate Of Change' (ROC) with the U.S. Dollar as quote currency....
Good Morning,
After CAD/USD broke out of the descending trend line I had on my last chart it seems like now it could be forming a descending channel.
Price is approaching a key S/R zone and also the top of the channel, it looks like currently price is bouncing downwards off this but we will have to wait for the 4hr close.
Once we have confirmation this could be...
Good Morning,
For this pair it seems price might be bouncing off the descending trend line and if we get confirmation of this I will go short, however if price breaks above this descending trendline then I will wait for a retest before potentially entering long.
- Both TP's are shown at the two next key support levels
- I expect price to either bounce off the...
Good Afternoon!,
I have been watching and waiting for the price to move back up to the descending trend line and it seems its on its way their now, above in the chart you can see the short term descending trend line and long term ascending trend line are lined up nicely and it seems price should move back down before either bouncing off the ascending trend line...
Hello, Traders!
Monfex is at your service and today we overview USDCAD.
After formed XABCD pattern figure the price was aimed to the support line. RSI has crossed 60% and going to the oversold zone. Short from the resistance.
Share your thoughts, ideas about the market under the chart.
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...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (39 most tradeable currencies) of 1st Quarter `17 @ my Drive
drive.google.com
i will update this 4XSetup around start of 3rd Quarter `17 again :)...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (most 39 traded currencies) while march `17 @ my GOOGLE Drive
drive.google.com
i will update this 4XSetup while start of month - in may `17 - again...
more detailed stats (all 21 Major Cross-Rates) of 7th week 2017 @ my GOOGLE Drive
drive.google.com
i will update this 4XSetup while next weekend (usual closed time) again :)
Best regards!
Aaron
Okay guys firstly it is NFP tomorrow, however USDCAD daily chart is indicating a swing in play. Therefore following technicall analysis we should see a weaken dollar, I would suggest to expect to see lows of 1.28500 within next week.
