Jump to content
Sign in to follow this  

USDCAD short drop before a mega rally?

Recommended Posts

Price has been held at a possible weekly chart trend line but if you delete that line and look at other indicators it seems like the upper channel is likely to be hit before the rally ends.


  • Thought provoking 1

Share this post

Link to post

USDCAD at the top of the LT channel.  Breakout or hold?

Pressure on USD today it seems with USDJPY down and GBP and EUR holding at key support.  I wouldn't put it past CAD to reverse here for at least another round trip to the bottom of the channel.  NMD on 4H and 1H and 1-5 on the rally (FWIW).


Share this post

Link to post

My monthly chart resistance trend line appears to have held on NMD so far and now with Oil potentially breaking into  rally this pair could be about to move south big time.


  • Like 1

Share this post

Link to post

Probably allied to the Oil move, USDCAD is knocking on the door of a support break after that LT trend line resistance held.


  • Like 1

Share this post

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
    • Total Posts
    • Total Members
    Newest Member
    Joined 18/02/20 05:37
  • Posts

    • There is the 'potential' for a breakout in Natural Gas from these price areas. 
    • One of our financial writers have written a piece on smoking vs vaping vs cannabis. Really interesting read. Here's a snip:  Main points:  Big Tobacco turns smoke into vapour Vaping: UK and US take different approaches … with different results Altria’s JUUL investment costs it dearly US vaping crisis highlights importance of a diverse portfolio Can Big Tobacco thrive as cannabis legalisation gains momentum? Altria gets stung for early move into cannabis Can vaping and other smokeless devices become key to the cannabis market?   Find the full article here: Vaping or cannabis: where’s the growth for Big Tobacco?  
    • I see a trend here ... British Prime Minister Boris Johnson’s spokesman refused to comment on Monday when asked about the hiring of an adviser who has discussed the benefits of forced contraception and said data showed the U.S. black population had lower IQ than white people. https://uk.reuters.com/article/uk-britain-politics-adviser/johnsons-office-silent-as-rivals-call-for-adviser-to-be-sacked-idUKKBN20B1NI