Monthly USDCAD

3 janv. 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 mars 2024

Note

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 avr. 2024

Transaction en cours

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

Will it punch through the upper line? 👊

15 avr. 2024

Transaction en cours

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

3 juin 2024

Transaction en cours

🎆5 MONTHS and pattern STILL on track! 🧐

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

24 juin 2024

Transaction en cours

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 juil. 2024

Transaction en cours

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 août 2024

Transaction en cours

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 oct. 2024

Transaction en cours

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.

8 janv.

Trade fermée: cible de profit atteinte

💥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.😔