Coldwarvet

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Markets Allocation
100 % forex
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FX:USDCAD 50% | 1 FX_IDC:USDCAD 50% | 1
Coldwarvet Coldwarvet USDCAD, W, Long , a year ago
USDCAD: Long term trend lines - long until early 2016
21 0 0
USDCAD, W Long
Long term trend lines - long until early 2016

A plot of weekly closes is instructive. The long term uptrend has not been seriously threatened since it began in August of 2014. But the bottom line is rising too, and it won't be too many weeks before a close below 1.30 will break the long term rising wedge. But as long as the pattern remains intact, there's no reason to think we won't see 1.40 before it's done.

Coldwarvet Coldwarvet USDCAD, W, Long , a year ago
USDCAD: Simple analysis of weekly candles
43 0 1
USDCAD, W Long
Simple analysis of weekly candles

Leads me to believe the long term uptrend is in place until soundly broken, around 127.7 this week (and rising about .4 cents per week) - the longer term ending diagonal runs at least a few more months. Shorter term, there hasn't been a touch of the bottom weekly support line since May/June, so there's a good chance that line will be tested in the next few ...

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