These zones are calculated using Fibonacci Ratios of past price moves.
Where prices overlap, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current window, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up.
I will update as new zones...
I am in this sell from where it broke the high. I did not have time to post. The idea here is to break the low to that .618 with the potential of it going down much further longer term. It doesn't have to go to that underlined 1.618 or break the low, but pattern wise seems like it should continue down I would think to at least equal length to 1.236 extension. I...
This is a trade I am in. I don't believe this will go back up above 1.30. The light blue box shows the resistance at that level. Last week was strong rejection. I could see this going up a bit more this week. But it's just slight pull-backs for further downside. I have marked my TP area with the the green line. This will take a few weeks. I will add shorts on...
Hello, From my eyes i see that time for entry for LONG POSTION for USDCAD. Because really near support area and yesterday market close with DOJI. It mean, price gonna change direction for continues FOR SHORT a bit. If you guys had some idea just post it on comment section below.. We will discuss about this for long term projection.
In H1, H4 it is seems like the 1-2-3 ELW.
I buy it after it break out (but aware of blue-grey area)
Stop loss around low of h1 timeframe
.
Run in H4 timeframe.
Cheers
The Canadian dollar benefitted the least from the risk rally. Although oil prices rebounded, existing home sales and manufacturing sales were weaker than expected. However these reports are not significant enough to explain the currency’s underperformance. Instead, investors are still hopeful that Canada’s economy is going strong and we’re set to learn if that’s...
I believe this Month - September - for USDCAD will be BLUE and with a Low at 1.23047 and the High at 1.28430.
October High will be at 1.27730 so this month should close bellow that point in order to this idea become confirmed.
All those waves have the purpose to sync/converge to 1.22030 that I believe will be Low for next Quarter where a great Up will occur up to...
Round two at an attempt for a USDCAD reversal. Price bounced off a ~4/5 year long trendline as well as the weekly candle looking as if it will not close below the lows of 2015 (highlighted in green) stochastics are showing a crossover and cross up, multi-TF MACD starting to curl, and multi-TF RSI already given one buy signal. USD could gain some strength after ISM...
