It's my vision for the buying from that price. It's 80 pips at least. What do U say?
Oil is going down
Gold is going down
The strong support line
The begining of the new trend
Trading USDCAD sparked an interest to play with futures.
So far the FastBrokers Pathfinder demo test-drive is fairing well.
A bullish reversal in the USDCAD 1.26 range is possible.
So the study is for CADUSD futures contracts possibly turning bearish in the upper .78 down to mid .78 ranges.
AUDUSD
ADX: Signaled price consolidation starting week of 3/27/2017
DMI: The week of 01/09/2017 a buy trigger was set at .7493. For the next 15 weeks, this line held price. However, on 04/03/2017 a sell trigger was set at .7501. Although price has closed below this line since then, it has still been held in check bu a non-trending ADX below 20.
TRIX: Below...
$CADCHF appears to be bottoming in line with $CADJPY and $CADUSD which offers further confirmation of a huge CAD rally that begins in the near future and likely takes us into 2018-2019. The techs on $CADCHF are obviously not as clear or clean as the other two pairs but they shouldn't be ignored. The market is dropping hints everywhere and it'd be wise to listen....
This level might be the bottom in this pair. Trump's tariff announcement might have created a negative enough sentiment to form a bottom here.
From Zerohedge: "Canadians have had a tough time of it recently: they are getting inundated with illegal immigrants (thanks to Trudeau's welcome) and not benefitting from the wholesale emigration north that so many...
I am shorting USDCAD (actually long CAD contract) based on longer term view of CAD, the .618 retracement of the drop friend the trendline, the completion of the AB=CD pattern (which went about 1 pip past stop loss, but where one could look to short at the 2.618 extension as well. There is also a cluster of fibs from different points in this range right here. Safer...
I will quickly publish this chart to show you the long term uptrend in the $USDCAD appears to be over.
The downtrend is in play here and the risk to be wrong is very low, while the potential for gains is quite high.
The long term trendline is broken and the $USDCAD is sitting on a level where a tremendous amount of volume and time has been spent at $1.31. Risk...
There are several main DXY setups now. I believe in DXY drop in this year , so I confidence this pair is going to drop too. However, the reality could be fully opposite. It is high uncertainty now . So, take this under considiration trading this or fully opposite setups. Good trades to you and all the best from my side. ...
![USDCAD: USDCAD Position guidelines [Market Geometry/EW]](https://s3.tradingview.com/5/5CXFY5zy_mid.png "USDCAD Position guidelines [Market Geometry/EW]")
