Monthly USDCAD

3 thg 1, 2024

Breakout of Symmetrical triangle leading to development of a bullish triangle and ultimately to hit August 1998 highs around the end of 2015 or into 2016.

19 thg 3, 2024

Ghi chú

2 and half months later, still doing its thing. Curious to see if the current uptrend of USDCAD bounces off the multi-year resistance or breaks through here in the pattern.

15 thg 4, 2024

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Pattern still on Target after 3 and a 1/2 Months. 🧐

Will it punch through the upper line? 👊

15 thg 4, 2024

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A "W" continuation pattern is forming on the monthly targeting 2016 and 2020 highs of 1.46.

3 thg 6, 2024

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🎆5 MONTHS and pattern STILL on track! 🧐

JUNE 5: Bank of Canada to cut rates? Pattern is running out of runway.

24 thg 6, 2024

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December 26-28: pattern failed to breakdown.

April 16-17: failed to Breakout

June 11: again failed to Breakout

Will likely pull back to 1.365s before bouncing off support line that has developed throughout 2024.

Canada economic fundamentals horrible.

22 thg 7, 2024

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HISTORY
-Failed to breakdown Dec 23
-Failed to breakout APR 24 & JUN 24

NOW
-JULY 22, 2024 has broke through upper resistance line again (three times a charm?)
-Bank of Canada cutting again this week -Canada economic indicators a trainwreck
-should successfully breakout and consolidate above this resistance line
-markets will punish the BOC for the gap between Canada/US rates by selling the CAD... like HARD

7 thg 8, 2024

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7 Months in the making... NAILED It!!! July was the breakout.
NOW? Back testing breakout of Symmetrical triangle.
Could bounce around for a few days in 1.370-1.375 range or ride the new support line until September.
PREDICTION: Pop to 1.46 in September.

29 thg 10, 2024

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MONTHLY (SINCE JANUARY 2024)....
After a wild WHIPSAW in August showing another failed breakout, CAD is now heading into the next step of the pattern.
Expect it to POP to 1.46 as a result of the (crazy) U.S. Election.

6 giờ trước

Đóng lệnh: đạt mục tiêu

💥RIGHT ON TARGET!!! - Monthly (SINCE JANUARY 2024)

⬆️STILL HEADING TO 1.65ish.

Wild chart right? Unfortunately Trading View will not let me keep this chart open anymore.😔