Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept. *Please hit the zoom-out button once* (or more if you're feeling wild) This may look like a mess, but the last few "bars" on the chart are holding some useful information! I'm sure I'm not the...
This pair has been range bounce for the most part of 2014. Today's price action suggest that it is ready to bounce to the upside....
To start up there are 2 links to my previous USD/CAD ideas both still valid and both suggesting that 1.062 level from July might be an bottom for long time. Yesterday USD/CAD has fallen into 1,083 levels just above the green demand zone marked on my H4 chart, there's also 50% Fibo retracement of current Leg Up from 1,062 to 1,10 level present there just above...
Following up on the idea I posted this morning, AUDCAD has rolled over nicely completing my earlier prediction. Now it's time to execute the second part of this trade and go from seller to buyer as I look to take advantage of the Bullish Cypher pattern.
Last night I discussed the AUDCAD in a video that I put out for my Syndicate members. We had previously earned some pips on a a bearish Bat pattern, but the market never really ran too far way from this general area. What caught my attention was the series of higher lows and the fact that we finally achieved a LLLC as on last nights analysis. I didn't have a...
EURCAD is sitting at major support right now and could go either way, RSI is showing positive divergence but the trend is clearly down. I would wait for bullish PA here or a break then re-test of support turning into resistance. Targets to the downside would be the 1.27 and 1.618 extensions. Upside targets would be to around 1.46 area. Stop either side of...
Friends, On August 22nd, I started to post a few charts on the "Predictive Analysis & Forecasting Room" within Tradingview.com, to share some of the patterns and trading opportunities I follow across Forex pairs, metals and indices - Here is a link that reviews recent entries: www.tradingview.com . In essence, $CADCHF started out to produce bearish signals on...
Nothing too fancy today, just a nice and simple 2168 trade setup on the USDCAD. I'm still short this pair on a higher timeframe trade, but wanted to share this since the potential risk reward (depending on your rules of course) is exceptional.
Traders, As signaled this hour on Twitter (alias: @4xforecaster): "AUDCAD - Short @ 1.01842; SL at structure HIGH = 1.01919; TG-1 = 1.01173; TG-Lo = 1.00892 - RR > 12:1" WOLFE vs. ELLIOTT WAVES INTERPLAY: The trigger is a Wolfe Waves pattern completion at the 5-prime position (a.k.a.: Diagonal Triangle in Elliott Waves parlance) following an impulse that...
US Dolar is on the run that's obvious fact lately, will it change or atleast run out of steam a little bit after this week GDP and Unemployment data ? That's another question. USD/CAD is in an uptrend in longer term ( atached idea with weekly wave count ) and if we would take 1,128-1,062 move as an corective wave 4 then it's time for last leg up which should...
With the CAD pairs popping today some of the longer term patterns are starting to come close to completing. Bearish GBPCAD cypher set up completes at an area of structure, with the big wick on the x leg not closing above previous resistance levels. Current set-up comes off another big winner on previous bullish cypher pattern completion!!
The double side divergence and the neutralization of the downdwards pressure are good signals for a reversal. The situation looks very clear. Also on 1W and 4H charts Divergences appeared. I look forward towards 1.50
Being Long Australian Dolar proved to be quite good idea from the fall of 2013 till end of first quarter od 2014, we might getting some tips that it's time to dust off that idea. First thing is the "Carry" trade scenario, difference in the base interests rates will support buying Australian Dolar against most other currencies. AUD/CAD looks like an decent pair to...
The short term view shows a technical short term charge or potential for another at least 70 pips towards next upper resistance. Target 1.08 at least and maybe a bit more.
Supply & Demand Analysis with Price Action reading suggests the price is still not finished the down move yet. Price till take one more dip to level1.0550 handle before giving long swing.
The expectations for Canadian Core CPI are negative and 13 hours to go from now on until the release. Normally the market prices in towards the expectations and when the expectations become true it pushes much more. So therefore I think it would be profitable to go long on AUD/CAD and USD/CAD until the release.
There is potential for short-term uptrend in consideration of the bullish divergence on the MACD. The red horizontal resistance levels would decide further movements. But for now market is bullish.