19 years in trading
Exactly as I have predicted in my USD/CAD analysis from April 29., the US dollar stoped the fall near 1.2400 and retuned the price up from that level. My headline in that article was, ‘it looks like there is no end, but there is’ and you can see the result in the last 10 days. The buyers broke first resistance at 1.2750/800
Read moreUSD/CAD is falling from January and fall in total is more then 2000 pips until today. You can see that the pair is still sliding down over the support trend line, toward the possible support and turnover place in my point of view, near the 1.2400. I see that level as an possible reversal point and turnover from that level could
Read moreLast time I analysed USD/CAD on January 09. and 13. I have pointed on this weekly channel. If we excluse the strong bullish momentum and obvious ‘SL hunting move’ before 8 weeks, the weekly channel and move true looks perfect. We can see that, the lower line stoped the fall at 1.3260, after 7 red weeks in a row and I have
Read moreAs I pointed in my USD/CAD analysis from January 08., the pair has reached the weekly trend line yesterday with high of 1.4314 and turned back today, for now to 1.4200, searching for the new buyers. This is the previous resistance and possible strong support, all the way to 1.4170. The bigger buyers are waiting at 1.40. On the way up, this
Read moreGreat week and beggining of the year for the USD/CAD. You can see in my analysis, how the pair is moving true the weekly up trend channel, but before the resistance line from inner side, it reached the resistance level at 1.4150/200, the previous resistance and level from July/August 2003. The pair opened the 2016. at the strong weekly support
Read moreI followed the USD/CAD consolidation in this channel for few days and todays break after the oil slump. Well, the pair reached resistance now, which start in 1.3315/20 > 1.3350/65 the stronger one. Let’s see how will sellers react now and can the buyers break this. If not, decline back toward 1.3250/60 is possible. US dollar is strong today for now,
Read moreUS dollar recovered strongly today vs Canadian dollar and holiday in Canada maybe helped!? You can see that the pair has reached resistance from May 07./08./11. at 1.2150/65 today with gain of 150 pips for now. Can the pair brake that and continue pushing toward 1.2350/400? Above this resistance, there is another at 1.2180/200, the resistance from May 01./04. and
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