timwest
Short

USDCAD UPTREND ANALYSIS DAILY AND NEW SELL SIGNALS

FX:USDCAD   U.S. Dollar/Canadian Dollar
315 0 4
Basic daily trend analysis and trading signals generated from "TIME AT A PRICE" trend analysis.

1. Buy signal listed on the chart = LOW > 20-day mode
2. Count 20-days starting from the 1st day where the low is above the mode and project forward.
3. Count price from the lowest low up to the mode. Project up.

New sell signals have emerged:

1. No new high in 5-days = possible downtrend starting.
2. Mode is set with 5-days at the same price.
3. High of day is below the 5-day mode.
4. Project down for 4 more days.
5. Project down in price using the highest high measured down to the mode.

Another, lower mode was set and a High of the day again was below that mode.
Therefore, another sell signal lasting 4 more days was established and is shown by a red bar.

The market is in a weak position, but it needs to push lower and keep making new lows. The "mode" has provided resistance in the rally and could be used for low-risk entry prices.

Tim 11:46AM EST 2/11/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out