Predictindex

404 No Direction Found (UC)

FX:USDCAD   U.S. Dollar/Canadian Dollar
63 7 3
4 months ago
See chart.

Be careful with the break out (orange area), but I think the chance to very low.
4 months ago
Comment: If price stands above the orange area, then we will confirm UC is in uptrend. Otherwise it's only good for scalping.
3 months ago
Comment: ...
FreshOilTrader
4 months ago
Hello, have liked your ideas cause it is very accurate approach for the work.
Don't you see mistakes here? I think that there is hight probability to grow from this level (or lower - app. 1.28) till 1.33-1.34 and higher.
Don't you prepare for a huge deep in oil?
Good luck in all your trades.
Reply
Predictindex FreshOilTrader
4 months ago
snapshot


Hope this chat solve your confusion
Reply
FreshOilTrader Predictindex
4 months ago
Technically, I see that USDCAD still in the triangle, so it could follow any direction. But in your last image I have not seen seriously grounding for UC grow. Look 2007-2008 of an example of such divergency. Anyway, we'll see soon.
Reply
FreshOilTrader FreshOilTrader
4 months ago
sorry, opposite, I have not seen seriously grounding for UC falling.
Reply
Predictindex FreshOilTrader
4 months ago
This is why I named this chart "404 NO DIRECTION FOUND (UC)"
If price stands above the orange area, then we will confirm UC is in uptrend. Otherwise it's only good for scalping.
Reply
FreshOilTrader Predictindex
4 months ago
Your last oil comment is good prediction (oil gap) and an excellent ground for USDCAD to drop to 1.28 area. And than awareness will comes to the market that nothing has really happen and we see long pinbar at both instruments. We'll see. Very much thank you for your job here. Excellent support for traders. Good luck you in everything.
Reply
Predictindex FreshOilTrader
4 months ago
The orange line is Oil price
Reply
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