Bear trend.
You can see in the graph above that the average line moves 200 very reliable which means that the usdcad above the line is worth buying and when the usdcad below is worth selling.
This is already the second time that usdcad is trying to rise above the trend line with no success.
Target: 1.3175
3 on mt4
Rejecting off Trend Line
Rejecting off ressitance line
Forming Head and Shoulder
Evening Star
Divergence 1hr, 4hr
Quarters Theory Minor Zone *
Long term uptrend
Forming HH, HL about to form next low *
Waiting to break Pivot
This is a follow up on earlier publications (see link below)
Update on this pair coming up as we watch the present characteristics of price action around the 1.32200 zone
Stochastic crosses and at the ideal level to open a buying position.
This week began with a candle above last week's candle, a sign of purchase.
The usdcad has crossed the 200 moving average.
target: 1.33
So it's true that the usdcad has gone out of the rising channel but you can not ignore the current situation.
In the weekly chart, the USDCAD is still on the rise.
You can see that currently the usdcad is supported by the support of the Ichimoku cloud, so long as we stay above the cloud it is a positive sign.
And in the end, we left the most important point-...
Deze trade hebben wij al geplaatst, maar het is nog steeds een goed moment om in te stappen. Tevens heb ik eerder aangegeven deze analyse te plaatsen, dus bij deze. De USDCAD pair zat enige tijd in een "Range" maar de koers is vorige week uit deze "Range" gebroken. De koers ondervindt hevige weerstand om weer in de "Range" te komen, dit duidt op een verdere daling...
Very nice little set up here.
I try to keep my charts very clean and simple, We broke a major up-trend.
Since we found support (for now) I would like to see if we reject this area, if so I can see a retest of the broken trend-line as resistance.
Let me know what you think below.
Only in the weekly graph are we still on the upward trend, in all other chart times (H4, D1, MN), the model has changed to a bearish model.
The USDCAD was stopped at 1.3090 because of the support we have there.
The Stochastic is currently at Oversold.
Short term: The USDCAD can rise to 1.3170 / 80
Long term: 1.2950
USDCAD labeled within a Bearish Impulse of a larger degree, with the expectations for a big impulse on the down-side to commence, but after a retracement.
De afgelopen week is de koers verder gedaald en nieuw dieptepunt laten zien. Er zit waarschijnlijk nog wat meer kruit in het vat om de prijs verder naar beneden te drijven. Zie afbeelding voor de toelichting op mijn analyse.
We are in a rising channel that has been going on for several years. The most correct area to enter with a buying position is close to support and this is the situation at the moment, according to the Stochastic, we are reaching the end of the declines
Take profit: 1.3850
Stop loss:1.32
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