FX:USDCAD   U.S. Dollar / Canadian Dollar
25 0 0
General possibilities and future outcomes.

Using only Support + resistance, with trend lines .

Support + resistance colour : Blue

Trend lines colour : Yellow


Predictions for price action
-----------------------------------------------------------------

If you are to follow the red arrows i believe a clean break
of the first trend line B and also the support + resistance
line at 1.29499 will call for alot more Bearish action to come
taking price right back down again.

-----------------------------------------------------------------

By following the light blue arrows i would suggest a quick short
then back to the current price for more support + resistance which
is at 1.30466 and from then on who knows....

-----------------------------------------------------------------

Finally, the green arrows. If price is to continue rising by breaking
support +resistance line D to 1.31105 i believe we would be expecting
a large amount of buying pressure going into mid September and price
would rocket.

-----------------------------------------------------------------

Please comment with your predictions or any other comments you may
have.

I personally will be going short expecting to take profit around the
1.28000 mark HOPEFULLY,

Would just like to say i am completely new to fx and i would appreciate
any suggestions + help.

Thanks.

Happy trading!

Jonny P
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