Type : Bearish Momentum Resistance : 0.77755 Pivot: 0.77410 Support : 0.76840 Preferred Case: On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop from the pivot at 0.77410 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 0.76840 where the...
Type : Bearish Momentum Resistance : 0.77755 Pivot: 0.77410 Support : 0.76840 Preferred Case: On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop from the pivot at 0.77410 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 0.76840 where the...
Type : Bullish Rise Resistance : 0.78315 Pivot: 0.77760 Support : 0.77475 Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out of descending trendline which supports our bullish bias that price will rise to the pivot at 0.77760 where the swing high resistance and 38.2% fibonacci retracement are. Once we have upside confirmation,...
Type : Bullish Rise Resistance : 0.78315 Pivot: 0.77760 Support : 0.77475 Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out of descending trendline which supports our bullish bias that price will rise to the pivot at 0.77760 where the swing high resistance and 38.2% fibonacci retracement are. Once we have upside confirmation,...
Canadian Dollar Seasonal Patterns Hey traders today I wanted to go over the best Seasonal Patterns in the Canadian Dollar Futures and Forex Market. The Canadian Dollar aka (The Loonie) follows an annual seasonal pattern with is also correlated with Oil prices. Knowing when to find these seasonal patterns on your charts can really benefit us in our trading of...
Type : Bearish Drop Resistance : 0.77455 Pivot: 0.76955 Support : 0.76460 Preferred Case: On the H1, price is moving below the ichimoku cloud and along the descending trendline which gives us a bearish bias that prices will drop to the pivot at 0.76955 where the 50% fibonacci retracement and swing low support are. Once there is downside confirmation that price...
Type : Bearish Momentum Resistance : 0.77520 Pivot: 0.77025 Support : 0.76450 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 0.77025 in line with the overlap resistance, 23.6% fibonacci retracement, 78.6% fibonacci projection and 50% fibonacci retracement to the 1st...
Type : Bearish Momentum Resistance : 0.77520 Pivot: 0.77310 Support : 0.76480 Preferred Case: On the H1, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 0.77310 in line with the swing high resistance to the 1st support at 0.76480 in line with the 161.80% fibonacci extension, 100% fibonacci projection...
we will see a continuation of the downtrend after the confirmation of the range breakout
after having a forceful break of a strong resistance from a large candle with a large volume we will see an increase in the price
Low volume today on the CAD Futures. Volatility contraction before the expansion. Negative divergence is also obvious. Looking for /6C to move down about a cent from .795 to to about about .785 - back to the 50% Retracement Can easily move down two cents though to .77435 - that will depend on the SPX Six hour chart.
after having a forceful break of a strong resistance from a large candle with a large volume we will see an increase in the price
we will see an increase in the price after the breakout with strength of the range
strong support at level 0.77320 . rebound on it more than five time .
Major Pattern: Weekly Descending Triangle Anticipatory: Daily Symmetrical Triangle Trigger points: 0.7821 or 0.7913
5-0 pattern discovered by Scott Carney and published in his book “Harmonic Trading, Volume Two” It is a unique model that has precise corrections of the Vibonachi ratio to check the health of the model. Although the 5-0 pattern is a reflective pattern, because the 50% recovery level is the most important in the possible reflection area, and the correction ratio is...
With four naked points of control below - which is very unusual it's safe to say the CAD has some backtracking to do. Most likely they will be taken out all very quickly. News bomb like a high CPI number might do the trick to send the DXY higher and the CAD lower. Personally I am short in the futures marketing targeting the last VPOC.