U/Cad Daily - Page 2
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Thread: U/Cad Daily

  1. #11
    Join Date
    Oct 2012
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    8
    What TF do you use ?

  2. #12
    Join Date
    Feb 2014
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    162
    As it was mentioned in the previous technical analysis of USD/CAD pair dated 2014.04.07, according to the formed technical signs, there was the potential for descending of price which finally happened. As it is obvious in the picture below, price during the descending has touched the Up trendline (made of 2 bottom prices) has created the inverted hammer candlestick pattern. Closing of the bullish candle after this pattern will confirm it and warns about ascending of price. In daily time frame and weekly Stoch indicator is in saturation sell area and with the next cycle warns about the ascending of price from the bottom price of 1.08358.The first warning for ascending of price is breaking of the resistance level ( or the yesterday highest price change) 1.08743.Generally according to the current situation of the price chart in daily time frame until the third point of Up trend line is preserved, the price will have the potential to ascend and pass the mentioned bottom price.

    Technical Analysis of USD/CAD dated 2014.06.17


  3. #13
    Join Date
    Feb 2014
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    162
    USD/CAD had an ascending trend without a noticeable reformation during the recent days that shows buyer certainty in reaching to the predetermined targets. The price could record the top price of 1.12231 in 4H time frame which is fixed by descending candle.Currently in monthly, weekly and daily time frames price is above 5-day moving average that warns about the potential of ascending of price during long period of time.

    As it is obvious in the picture below, between the bottom price of 1.08106 and top price of 1.12231, there is an AB=CD harmonic pattern with non-ideal ratios of 76.4 and 161.8 which warns about descending of the price from the D point(Shooting Star Pattern) of this pattern.As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with RSI indicator and confirms the mentioned top price is 4H time frame which generally warns the possibility of changing price direction.Currently the first sign for buyers is breaking of the D point of harmonic pattern in the price chart.

    Technical Analysis of USD/CAD dated 2014.10.01

  4. #14
    Join Date
    Feb 2014
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    162
    USD/CAD in recent weeks has a strong ascending trend that shows the serious buyers in reaching to their target prices. The price during this ascending trend could record the top price of 1.12699 that is the most important resistance level in front of price.As it is obvious in the picture below, the price has been stopped by reaching to the resistance line(red line) and is not able to ascend more which is a warning for buyers about changing price direction.

    According to the formed movements in the chart, between the bottom price of 1.08101 and the top price of 1.12699, there us AB=CD harmonic pattern with the ratios of 61.8 to 161.8 that warns the price descends from the D point of this pattern.Stoch indicator is in saturation buy area follows the top price of 1.12699 and warns the possibility of descending during the next days.(In the H4 time frame). According to this point, this currency pair has experienced the strong ascending trend in the past and also mentioned signs until this top price is preserved, there is the potential for price decrease and reformation in this currency pair.



  5. #15
    Join Date
    Feb 2014
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    162
    USD/CAD from 2014.07.04 (formation of ascending trend third point) is in a strong and by reformation ascending trend that could experience a good price growth.Right now this currency pair could record the top price of 1.13851 during its ascending trend that according to the formation of recent candles, it is an ideal top price for descending .In weekly time frame the price has been stopped by touching the resistance level (1.12797) and the buyers could not reach to the higher prices.

    Between 15th and 17th days according to the shape of candles in daily time frame, there is Shooting Star , Hanging man pattern that warns about descending of the price in this price range.(shows cashing of the buyers trades and the potential for formation of a top price)As it is obvious in the picture below, between the bottom price of 1.06207 and top price of 1.13851 , there is AB=CD harmonic pattern with ideal ratios of 50 and 200 that with completion of the D point , there is a warning for stopping of uptrend and changing price direction. Generally according to the current situation of price, until the top price of 1.13851 in daily time frame is preserved, price will have the potential for descending and reformation in ascending trend.


  6. #16
    Join Date
    Feb 2014
    Posts
    162
    USD/CAD had an ascending trend without a noticeable reformation during the recent weeks that shows buyer certainty in reaching to the predetermined targets. The price could record the top price of 1.13871 in weekly time frame which is fixed by descending candle. Currently in some time frames such as monthly, H4 price is under 5-day moving average (a consistent downtrend) and there is not any clear reason about ascending of price in these time frames.

    As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with Stoch indicator and confirms the mentioned top price is weekly time frame which generally warns the possibility of changing price direction.As it is obvious in the picture below, between the bottom price of 1.06102 and the top price of 1.13871, there is an ideal AB=CD harmonic pattern with the ratios of 50 and 200 that warns about the potential for a price downfall from the D point.Generally according to the formed signs in the price chart until the resistance level of 1.13871 is preserved , price has the potential for reformation in this currency pair.



  7. #17
    Join Date
    Feb 2014
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    162
    Technical Analysis of USD/CAD dated 2014.12.22


    USD/CAD during the recent week was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.16702. Right now price in long time frames such as monthly, weekly and daily is above 5-day moving average and warns about price increase in long period of time.According to the formed movements in the previous week, there is a Shooting Star candlestick pattern which shows indecision marker for ascending or descending and there is a warning for stopping of more ascending which need the confirmation by the next bearish candle.


    According to the formed price movements in the chart, between the bottom price of 1.01845 and top price of 1.16702 , there is AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 that with completion of the D point there will be a warning for descending of price. RSI indicator in weekly time frame is in saturation Buy area and also in divergence mode with the price chart warns about changing price direction.Generally until the mentioned top price on the resistance channel edge is preserved , the price has the potential for reformation and descending in this currency pair.



  8. #18
    Join Date
    Oct 2014
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    Adrian Frost http://www.arbitrageronacid.com http://www.myfxbook.com/members/ARBONLSD
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    1,046
    Quote Originally Posted by PipSafe View Post
    USD/CAD during the recent week was in a strong and consistent uptrend...]
    Uptrend this week?!?!?! Uh.... no. Not really.

    I don't get it. Marketwatch also reported: "The dollar USDCAD, +0.29% rose to 1.165 Canadian dollars, its highest level since last Wednesday."

    This pair broke new 7-day highs back on the 28th of November and did it again on December 1, 5, 8, 9, 10, 11, 12, and 15 and has not broken higher than the 15th high since.

    Name:  2014-12-22 usdcad.jpg
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    Thus, on Wednesday, Thursday, and Friday this pair posted lower highs than the previous session. Only today did it post a higher high than the previous session by a mere 8.7 pips, failing to break above the highs of last Monday, Tuesday, Wednesday, or Thursday. It stopped 28.8 pips short of the current 7-day high. And the volatility fell from a 226 pip 3-day range to an 82 pip 3-day range from last Monday to today. (I understand it DID go slightly higher than Thursday in some markets, but by a single digit).

    This pair has certainly been trending upward, but that begin weeks ago and the last five sessions have shown no confirmation whatsoever that the trend is continuing or has become stronger. True THC will kick in if the pair goes above the highs of the 15th.

    An arbitrager on acid must see past the hype.

    While I am long this pair and agree that the trend is up, today's session gives no new information to trade on.
    Last edited by Arbitrager on Acid; 12-22-2014 at 06:02 PM.

  9. #19
    Join Date
    Oct 2014
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    105
    The Canadian Dollar registered a big move to the downside with a renewed optimism in the US currency.

  10. #20
    Join Date
    Oct 2014
    Posts
    105
    The pair has been very difficult to trade lately.

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