A once in a ten years short opportunity ! Simplest chart ever

FX:USDCAD   U.S. Dollar / Canadian Dollar
- USDCAD             is well over bough on every timeframe
- We've reached the 78% fibonacci retracement line
- USDCAD             might go higher but it needs a serious correction as it's not very wise to buy when the RSI is at +85 !
- USDCAD             has been consolidating since 2008 but is 0.95 really the bottom ???
- As far as the chart can go USDCAD             went down when its weekly RSI touched 85.

Risky ? Maybe if you only consider fundamentals and one speach from the BOC             but the laws of nature ( Fibonacci) are also at work here !

Rewarding ? Certainly !
BOC Does not matter in this market conditions.
Yes, I agree. I can't picture any long term reversal to the down side unless the feds decided something.. I'm thinking about correction on the weekly chart right now in a week or two. Thank you for the warning though... I know it's a very tricky one but it's interesting at the same time to see something of that size at a key turn.
Extremely bullish. Long term trend reversal of USD. Will continue rocketing upwards even stronger and faster then before. It's already broken out of resistanse. Be warned!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out