Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of USDCAD published in members area of the website. As our members know, USDCAD is showing lower low sequences in the cycle from the 03/19 peak . We advised clients to avoid buying the pair ,while favoring selling […]
USDCAD : Will the Pair Extend Lower?
On October 22 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD Sold/Short at 1.3142 Stop Loss 1.3177 Target 1.3107-1.3072 area.” The chart below of the USDCAD pair shows a bearish Lower Low/Lower High sequence (light blue) signalling the pair is in a down trend. A bearish divergence pattern (pink) formed when price chart registered a […]
USDCAD : Market Patterns Calling the Move HIgher
On September 17 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD Will be looking for BUYS as long price stays above 1.3126.” The chart below was also posted September 17 2020 showing that bullish market patterns were visible calling for a move higher. Bullish Pattern (grey) triggered BUYS with a combination of a bullish divergence pattern […]
USDCAD : Market Patterns Signalling the Move Lower
The chart below of the USDCAD pair was posted on social media StockTwits/Twitter @AidanFX July 21 2020 showing that a bearish market pattern (light blue descending triangle) formed and triggered SELLS when price broke below the triangle. A bearish Head and Shoulders (purple) pattern also signalled sellers to enter on the breakout below the neckline […]
USDCAD : Market Patterns Signalling the Move Lower
On July 7 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD I will continue looking for SELLS as long price stays below 1.3624. It’s entering the area where can possibly turn lower.“ The chart below was posted on social media StockTwits/Twitter @AidanFX July 8 2020 showing that a bearish market pattern (blue) formed signalling sellers […]
USDCAD : Trading the Breakout Lower
USDCAD Technical Analysis On April 27/2020 I posted on social media (Stocktwits/Twitter) @AidanFX “USDCAD Still possible the pair can extend lower below 1.4000. Possible momentum breakout lower at 1.4038“ USDCAD 1 Hour Chart April 27.2020 : The chart below was also posted on social media (StockTwits/Twitter) @AidanFX April 27/2020 showing that a bearish flag breakout pattern (black) […]
