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 […]
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 […]
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 […]
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 […]
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 resume higher from June 23 high. Pair is currently correcting that cycle in 7 swings, where it can see 3 waves bounce from blue box if reached.