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Back in November we had an upthrust breakout above the current upward channel, but it proved to be a false breakout and now we're trading back within the channel boundaries. This false breakout is only telling us that at one point we had some eager buyers who for whatever reason wanted to be in this bullish move and usually that's how a trend move starts. And even thought we retraced back inside the channel that's a good sign as we don't want the market to move in a straight line as those usuall…
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USD/CAD Uptrend losing his Steam
In today's blog post I just want to share a trade pattern idea and at the same time my prediction fro USD/CAD that I've been poste in the Technical Analysis Contest, which you can find it here: USD/CAD Uptrend Losing his Steam
The current USD/CAD bullish trend is losing his momentum suggesting we have entered in a more prolonged type of correction especially since we have entered during the summer trading conditions, when volatilityusually dry out and the market tend to stay in congestion…
The current USD/CAD bullish trend is losing his momentum suggesting we have entered in a more prolonged type of correction especially since we have entered during the summer trading conditions, when volatilityusually dry out and the market tend to stay in congestion…
Trade Pattern Idea: EUR/CAD Uptrend Intact
Recently I've made this prediction in the Technical Contest which I want to share it here as well, you can find that post here: EUR/CAD Uptrend Intact
EUR/CAD is following the path of USD/CAD which confirms that the current bullish trend will have more upside legs. In Figure 1 we can have a look at the bigger time frame the Weekly chart which shows us a clear up tre…
EUR/CAD is following the path of USD/CAD which confirms that the current bullish trend will have more upside legs. In Figure 1 we can have a look at the bigger time frame the Weekly chart which shows us a clear up tre…
EUR/CAD Uptrend Intact
EUR/CAD is following the path of USD/CAD which confirms that the current bullish trend will have more upside legs. In Figure 1 we can have a look at the bigger time frame the Weekly chart which shows us a clear up trend and the fact that we have just broke away from a multi year consolidation
- Figure 1. EUR/CAD Long Term View (Click on the picture to enlarge).
USD/CAD Resuming the Uptrend (part 2)
Last year I've posted my prediction in the Technical Analysis contest about USD/CAD, and at that time I said that USD/CAD is on the verge for a big upside movement. You can check out my prediction here USD/Cad Resuming the Uptred
Nothing much has happen since than except the fact that now we have broke from previous multi year trading range above 1.0800 see Figure 1 red upper resistance line. It can bee seen that we have been moving in an 1400 pip range for the course of the last years and i…
Nothing much has happen since than except the fact that now we have broke from previous multi year trading range above 1.0800 see Figure 1 red upper resistance line. It can bee seen that we have been moving in an 1400 pip range for the course of the last years and i…
How I predicted USD/CAD uptrend
Last year I've posted my prediction in the Technical Analysis contest about USD/CAD, and at that time I said that USD/CAD is on the verge for a big upside movement. You can check out my prediction here: USD/CAD Resuming the Uptrend. But I'm going to re-post it here one more time:
"The current USDCAD up trend has already begin to break upwards after 4 months of consolidation. The up drift from the last year low 0.9630 to 1.0610 high, has took shape of and 5 wedge rally within an upward channel…
"The current USDCAD up trend has already begin to break upwards after 4 months of consolidation. The up drift from the last year low 0.9630 to 1.0610 high, has took shape of and 5 wedge rally within an upward channel…
Cable - Bullish Trend
Yesterday I took a long position in GBP/USD and although we're in an uptrend I've decided to take only an intraday position as during this time of the year the market tends to stay in a tight range, as with the major banks being closed during the holiday season, and we know that banks are the biggest participants in the Forex market, liquidity will dry away.
If you want to know more about my long term view on GBP/USD you can check out my blog post history …
If you want to know more about my long term view on GBP/USD you can check out my blog post history …