after a strong couple of weeks with the CAD struggling against the dollar, the cad has made a turn around looking stronger against USD.
The downward trend seems to have slowed down and looks to be consolidating betwen 1.293 and 1.283|
The angle between 21 and 9 period MA has decreased confirming the slow down
a break below the support of 1.282 may see the USDCAD...
BTC looks to be recovering after hitting its lowest level since mid February
it however looks like it may struggle to break the 8600 level given the strong resitance at this level
The bounce off 7300 was driven by strong volume
it would be possible to push further beyond 8600 with similar volume profile
if the market pushes it further, the next stop for the...
The CAD has been rallying in the bast couple of weeks
last week it finally broke the 1.3 level and stayed above it for to close off the week at 1.309
today started off with what looks like profit taking, but the market did not push the currency further down beyond the 1.3 mark, an indication that the market believes the loonie still has some steam on it
My gut feeling tells me that it will form within tomorrows trading sessions.
May see some bullish action, pushing the price up to 113.00 which seems to be a much stronger resistance than the current level.
Some good news from tomorrows release MIGHT help further push the price down below the head and shoulders neckline, from there I can see the price halting at...
my first of what I hope to be many shared ideas.
looking at the pair over 4 hour candles one can clearly see an ascending triangle(which could definitely breakout in any direction). The pair has been trending up with higher lows and higher highs, there seems to be a fairly strong resistance at around 1.17235, if this resistance is broken there is a good chance...