Crude is forming reversal patterns on daily charts since $31 that might take it to $45, now it has also started to show signs on weekly charts. USD/CAD showing a downtrend now, it has inverse relationship with Crude. Higher then Average volumes on Demand Day after 4 months is also a good indication. Closing above $31 this week will be a good indication.
Just a straight forward .618 retracement possible, or there could be a breakout below before. will watch and wait
Sell Limit @ Market 1.428 SL. 1.431 TP. 1.425 1.421 1.414
Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. With rising Oil prices CAD has a potential to gain some strength. Price was moving south over last few days and according to the COT report this might have been caused by profit...
The pair is at a crucial point from what I have studied. 1. On the verge of braking a monthly trend. 2. On the verge of braking weekly support. 3. Completion of 5 waves, perhaps the C Correction wave maybe part of a 3rd wave of a new sequence? 4. Momentum on MACD looking bearish Short @ 1.44467 Target @ 1.39867 (~450 Points) Stop @ 1.45446 (100 Points) Any...
If USDCAD break counter trend line, there should be a sell opportunity to hit 0.786 fib retracement.
Sell @ Market 1.4629 SL. 1.4655 TP 1.456 1.45 1.448
FX:USDCAD Bullish patterns that may act as reversal into a deeper correction on higher time frames; Blue Cypher: Point B: 38.2% to 61.8% X A Point C: 127% to 141% ext X A Point D: 78.6% X C Target: TP1 38.2% C D TP2 61.8% C D Pink Bat: Point B: 38.2% to 50% X A Point C: 38.2% to 88.6% A B Point D: 88.6% X A Targets: TP1 38.2% A D TP2 61.8% A D Black...
Here is another potential trade for you guys. Sell at the resistance level or do you think the market can go higher and complete the Crab Pattern?
Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth...
Looking for a wave down or sideways on the USDCAD. Break could be possible since we are on the 5th wave, unless I have my counts wrong
USDCAD has potentially completed a long term bullish impulse followed by a 5 wave "a" and a 3 wave "b" correction. 1 and 5 waves show similar price ranges on two different degrees of impulse adding to the probability of the rally being ready for a corrective move down. Channel resistance may also add to bearish bias. There has also been a breakout from the...
price has arrived at a tough long time support on the back of a strong rally from the USD. This level has been a trouble area years ago and continues to be valid now. I anticipate that much more will be needed in order to break this level.
Sell the support breakout.
Hello Traders! Suggest you, take a look at the USDCAD (6C) currency pair, in terms of the Elliotte Waves, Fibonacci, Market Profile, Volume, Cluster&Delta analysis! We hope that our modest work, will help many traders in the World to find the way of truth in future market prices! (We are sure, that you can predict better, than this one) Have a Nice Trades &...
Here's a bit of a drill down to the 1H to analyze the current market structure. USDCAD trade analysis on the daily chart Wait for for C wave of minor degree completion to go for a possible short, what could be a possible 3rd wave of a 5 wave sequence down.
Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.
FX:USDCAD Harmonics, Bat & Gartley patterns, basic AB=CD and H&S; BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades;