DocT

DocT

GU has been consolidating for a while in a tight range - it has tried to break LONG and SHORT but a 0.618 retrace looks more promising

DocT

Fib retracement targets reached on USDCAD. Stay out of positions now until triangle resolves. Long term bias LONG.

DocT

Following yesterdays drop in the USDCAD on news from the BoC, a retracement can be expected of this move combined with a rejection off the USDCAD Range support and triangle at 1.24. Target initially 38.2 (1.24570) and 50% (1.24729) retracement levels. Longer term I expect the USDCAD to break above the triangle at 1.2500 and the range at 1.2800 and head for the...