The_Cannalyst

Pair reached Target again!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
8
The breakout move reached it s target @ 1,336 @ the uptrends upper edge. A pullback can be exspected. If this pullback starts at the actual Level or at the"overshoot"level @ 1,35 has to be discussed :-)
New Long-Signal
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Former Analysis:
New Breakout Chance
Today i see a new buying Signal in the Pair. Alle the WMAs underlie the bullish momentum.

PAIR @ LONGTERM RESIST
We left the MoB-Level @ 1,28 behind us,and see an explosive breakout move of the pair. The exspected final consolidation before the breakout starts did not occur (have a look at my fromer analysis). the pair took the direct way through its resistance and made new Highs.
Now the pair has reached its longterm pivot resistance level @ 130-130,5 (former highs from 2009) At this level i exspect again a consolitation, a dip to the breakoutlevel @ the valid blue "2". Here is placed the 38,2 fibo and a possible green "3"
Prices above its key resistance @ 130-130,5 will generate longterm buying signals.

former analysis: We see uptrends of the Pair in every time horizon.
Now the Pair has reached ist MoB-Level @ 1,28, the strong resistance which was tested 2 times without any success.
All good things come in threes!
Because the ultrashorttrend is outbidded, i exspect a tiny dip to the trends lower edge, before the BIG LONG MOVE will appear.
The starting Signal for the Long run are Prices above ist resist @ 1,28.

USD/CAD: 1,2810 is the level to watch!
We see uptrends of the Pair in every time horizon.
Now the Pair has reached ist MoB-Level @ 1,28, the strong resistance which was tested 2 times without any success.
All good things come in threes!
Because the ultrashorttrend is outbidded, i exspect a tiny dip to the trends lower edge, before the BIG LONG MOVE will appear.
The starting Signal for the Long run are Prices above ist resist @ 1,28.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.

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