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USDCAD - Up-trend for this pair!

Haynes6EU Posted 30 Apr. as Analysis on USD/CAD, Target: 1.3828, Date: 1st of June, 12:00 GMT  in #Technical analysis #CAD #USD #USD/CAD #Usdcad #Commodity Dollar #Loonie
Hi community members,
Background for the technical contest base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: weekly chart shows price just break and stand above resistance level 1.36. It could be a buy signal for price continue go up in some weeks ahead.
Daily chart: Price is finding a new balance area. Base on fibonacci level, I chose 1.383 level…
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Haynes6EU 4 May

Update 1: We have another bullish week, price break above 1.37 and stand stable on it. I expect commodity currency such as AUD, CAD, NOK ... are weak followed by decreasing price of oil or copper. I don't think that price will be stopped at here, it could go up futher upto 1.38 or 1.39

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Haynes6EU 8 May

Update 2: last week was a doji candle weekly chart. Prices increased at the begin and deacreased at the end of last week. That's price action. If prices continue to go down, 1.358 level will be good level for buy entry.

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Haynes6EU 15 May

Update 3: The H4 and daily chart show supply power stable above 1.37 and it could be signal of bearish correction for USD/CAD. Prices is falling as of writing at 1.363 and finding demand at low prices level. I think that 1.355~1.358 could be demand area and prices can stable at this area. I still expect uptrend for long-term.

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USDCAD reversal from Fibo 50%, has confirmed in weeklychart!

Haynes6EU Posted 12 May as Analysis on USD/CAD, Target: 1.0672, Date: 1st of July, 12:00 GMT  in #Technical analysis #USD/CAD #Reversal #Usdcad #Loonie #U S Dollar #Fibonacci 50
Hi community,
I want to share my technical view about pair USDCAD at least to 1st of July. I think that it would be a swing ahead. Let's wait and see!
Background: Fundamental data and market sentiment remains slight bearish. Canada's core CPI has improved slightly and net CAD position was flat. Meanwhile the monthly chart shows price retraces from Fibonacci 50% level.
1. Weekly chart: This is nice weekly chart for short opportunity. My target at least to 1.065 level. The media line was broken, d…
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Haynes6EU 31 May

1.082 support level hold. Bears power seem be weak. To go to 1.07, this pair need fresh Bears power, may be support by fundamental data. If there isn't support by fundamental data, it's not surprise this pair can go up.

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Haynes6EU 10 June

Bored pair! Momentum is very weak!

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Haynes6EU 16 June

Weak momentum! Maybe another bored week ahead!

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Haynes6EU 23 June

The pair is near demand zone 1.06~1.07 area now. It means that the pair is going into crowed Bulls area, so I expect some retracement in near term. My target 1.0672 is difficult to reach!

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Haynes6EU 30 June

The price hit my target! It seems that consolidation should be ahead!

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USDCAD flat in a range 1.09 - 1.127

Haynes6EU Posted 23 Apr. as Analysis on USD/CAD, Target: 1.0980, Date: 2nd of June, 12:00 GMT  in #Technical analysis #USD/CAD #Usdcad #Loonie
I'm not clear about Canada fundamental data. Market sentiment is neutral!
Technical view: the pair reject 1.086 level quickly! My analysis base on the trend line.
Resistance level in near term: 1.107; 1.115 and 1.128. 1.16 in middle term.
Support level in near term: 1.1 ;1.086 and 1.06 in middle term.
My target: 1.098!
Regards,
Haynes
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Haynes6EU 8 May

The price fall down to 1.087. It could be more downside to 1.07 or event to 1.06. If bull can hold support area, price can up to 1.09!

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Haynes6EU 9 May

Bears control! Price is pulled back to trend line. More downside in my view :D

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Haynes6EU 16 May

Nice chart in weekly. Next move may be 1.07

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Haynes6EU 21 May

I feel that down momentum and bear power is weak. Price can slide in next few days

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Haynes6EU 31 May

Recent fundamental data doesn't support for CAD

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USDCAD consolidate at fibo 50% in weekly chart

Haynes6EU Posted 31 Mar. as Analysis on USD/CAD, Target: 1.1185, Date: 1st of May, 12:00 GMT  in #Technical analysis #USD/CAD #Usdcad
1. Weekly chart: the pair usdcad hit fibo 50% level and retrace at this level.
2. The pair is consolidating in range 1.094~1.127. The price bounce as hit uptrend line, we can see on the chart, support level at uptrend line. It means trend is still up in daily chart.
3. Target: 1.1185 on 1st of May.
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Haynes6EU 14 Apr.

Now we can see doji in weekly chart. The pair could go up to 1.16 why not???

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Haynes6EU 18 Apr.

The pair reject quickly 1.086 level and break above 1.10 level. May retest 1.12 soon

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