Long
Canadian Dollar Triple bottom

Canadian dollar should have moved up on gap down on USD, but pressure on CAD has left it stagnate. The H&S called for in Dec contract on USD appears to be delivering. Neckline at 92.58. Looking for a double bottom at 91.50. CAD ??? We may conclude that a bullish flat was created today on CAD. What overnight will bring we will see tomorrow.
Note
USD is at neckline. Will this produce a larger fall? CAD up and nearing R3. Next week new pivots will show a higher pivot point and R3 will also be higher giving CAD more breathing room.Note
USD falls as CAD rises. USD headed for 92 and CAD for 80.Note
CAD made a shooting star doji at the end of day. USD fell and climbed back a bit. There maybe an upswing to USD changing the course of CAD. Need confirmation.Note
Canadian dollar up again as USD slows down. A turn is coming for CAD. Target .80410Note
Canadian dollar making a surge to double top as USD continues to fall. USD may go to 79 the way it is looking. CAD may trade between .79795 and .81250 on the March contract.Note
Feb CAD gap up and heading for double top. March not much to report. USD leader.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.