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.
UCAD is 180pips away from a confirmed Head and Shoulders, weekly study.
Watching price action this week for bear continuation or bull reversal (see my USDCAD Bearish Butterfly study below).
Also keep an eye on EURUSD staying above 114/115 range and of course any Oil fundamental reporting.
Whenever discussing the multi month BTC run up I always said "volumes speak volumes" and the volume was never here to support it let alone sustain.
Expecting some new recent lows in the high $1700 range.
If BTC breaks $1600 a 50% devaluation from the current price is not unrealistic.
Note: last summer BTC was trading in the $750 range.
Note: I have another Long bear study for this pair.
While this pair remains in a long Bear channel, it did not take advantage of a recent double top and is actually staring at a significant double bottom.
It may seem crazy to think EURUSD can race towards the 1.20 range but looking at some very simple averages we can see even racing all the way up to 1.25 still...