FX:USDCAD   U.S. Dollar / Canadian Dollar
This pair seems like have some kind of equilibrium zone and symmetrical cycles. We can see 124 months lasting cycle above equilibrium zone since market break out of it in 1994-03-01 and broke through again in 2004-07-01. And in 2015-07-01 we see another break through into upside zone again. This is 130 months period (close enough to first one of 124 months).
If we compare high to high cycle (green waves on the bottom of the chart) - we see end of equal time period comming in 2016-05-02. We do not say it will do significant influence, but it could match end of major (red) impulse pattern wave 3. Market is near strong resistance zone in between of all time high to low Fibonacci retracement of 78.6% and historically strong round price level 1.43.
For more detailed and more frequent ideas, reviews and analysis you can contact me here, on facebook             or website.
Best wishes for new incoming trading year! ;)
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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