CAD's recent bear run formed 61.8% relationship with prior similar bear run down. Symmetry with this last structure's run from breaking it's 38% to 50% retrace levels took 70 days, which is approximately 38 days for our current structure to peak around it's 50% retracement mark after breaking the 31.8% level, which is represented by the vertical line. Red box showing time and price intersect. Also observing symmetry among the three white wedges suggesting continued CAD rally
Current bull flag attempted to break lower bound but failed and has already broken the upper bound by ~10 pips. Expecting a CAD rally to minimum levels 1.3580 - 1.3630 this week.
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Hey guys, the 61.8% relationship is comparing the bear runs 1) 2009-04-01 to 2011-07-20 and 2) 2016-01-15 to 2016-04-28, which formed a 1:61.8 ratio
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buy now
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forexvert
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this chart looks intense.. how do you use it?
waterman
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A mere waste analysis ! The deal will make loonie to fall to 1.3