GuyR

GuyR

Can't get a better looking triangle than the one forming here, imho. Waiting foe a break below 0.7150 to short this, but it needs to go hand in hand with some PB in equities, which is probably not likely anymore, at least not in my lifetime...

GuyR Updated 

Silver has been on a strong obvious uptrend since May and broke a weekly TL resistance beginning of August. The move higher found resistance at the 19.60 level and has been correcting in a perfect correction waves move in the last few weeks. So Silver is still bullish, however in the shorter term there seem to be a good shorting opportunity building up. I am...

GuyR

It doesn't get much clearer than that on the clean weekly chart. In the short term we have support for both NZDUSD (0.6298) and USDCAD (1.3240ish), so I do expect a bounce here. In the longer term it's probably dependent on 2 factors, Oil and the BOC. Oil is straight forward, price goes up it's good for the CAD and vice versa. As for the BOC, until now they did...

GuyR Updated 

EURCAD is coming into an area with confluence of strong support. TL coming from the lows of August 2012, through April 2015. The lows of July and September 2017 are there and are being tested for the first time in 2 years. It's also the 127% extension of the daily last move up.