kloutt

USD/CAD selloff into support

OANDA:USDCAD   USD/CAD
53 0 5
2 months ago
OANDA:USDCAD             UC             has sold off after a nice rise in a channel. the selling was caused by a weakening in the USD and strengthening in CRUDE OIL             . traders have been moaning about the lack of correlation between the rise in oil             prices and UC             when the USD was being ramped up prior to the FED minutes and YELLEN speech.

so if we forget about the news and look at the 30 min chart we see a hard break in the UP channel support and UC             descending in a tight triangle pattern which is reaching its apex so we need to watch this price very closely for a break in the TRIANGLE.
2 months ago
Trade active: weekly close was breached during the JAPAN open after providing support for most of the day during the USA session. CAIPORA told me to watch the weekly close for clues and he was right!

Related Ideas

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