SteynTrade
Long

USDCAD a different view

FX:USDCAD   U.S. Dollar/Canadian Dollar
I have been following the USDCAD             using the weekly chart and Ichimoku . I did not post last week and wanted to show a daily view this week. Price seems to be defined by the Yearly PP and 200sma during the correction of the impulse down move. The retrace has not even reached the 38% retrace level and important structural level. However, to achieve this the Yearly PP will have to be broken. So in the week to come we will be looking for a retest of the Yearly PP. Volume has shown an increase of the high and low peaks and seems as that there could be some momentum developing.
stream
4 months ago
are you joking?
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SteynTrade stream
4 months ago
Why would you wonder that? What is your view?
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stream SteynTrade
4 months ago
i think uc is on entries short , i will be nit surprised of big gap down
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SteynTrade stream
4 months ago
Ok, I will watch for that. Is there a fundamental reason for the view that we could expect a break short?
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stream SteynTrade
4 months ago
i am glad to know you not have a long opened .. good luck
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SteynTrade stream
4 months ago
I don't have an open position and will watch for the break short. Thanks for your input.
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