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We do have a W pattern formation on the Weekly. We are looking into a neckline retracement before the move to the upside.
We can see on the COT - Commitment of Traders, which is what Hedge funds and the non commercials so the biggest in the market are doing. Where we can see...
Commodity markets struggle to rebound, but the Canadian dollar remained under strong pressure even at the latter part of last week trading session.
The appearance of a Double Top structure ( a strong reversal pattern) on the chart confirms that the price has found a peak @ Fr0.75000 and has since the beginning of May 2021 continue to find lower lows which...
CADCHF time to short
Risk Reward Ratio 1:2 / 1:3
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The impact of Sellers in February 2020 (Bearish Impulse leg that lasted a month on the weekly chart - ) appears to be too strong for the Buyers to gain that confidence needed to invest in the CAD. With the present Head and Shoulder look alike, I shall be patiently looking out for a significant Breakdown of Neckline and...
Weak economic data and pressures on the oil market are taking a toll on the CAD as it continues to find it difficult to raise the bar. The sharp fall after reaching a peak of 0.70000 appears to hold ground.
Tendency: Uptrend ( Bullish )
Structure: Trendline | Supply & Demand| Reversal Pattern (Head and Shoulder)
Observation: i. Even...
Despite the Bullish run (Corrective move) from late July 2020; The anticipation of negative numbers and economical dent from Unemployment rate and Net Change in employment was not a convincing yard for a continuing rally. Price broke out of my Key level in the beginning of the week only to Break down and close below this level in the latter part of the week...
