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USD/CAD weekly trendline to be retested

Usd/Cad looks very bullish at the moment,
but some of the targets are close-by and may lead to the pair retesting the lower border of
the weekly bullish trendline
On the weekly chart we can see the bullish weekly trendline
and the weekly fibonacci expansion target of 61.8% just below 1.13
Usd/Cad weekly chart
On the daily chart there is another fibonacci expansion level of 61.8% of the last daily move
around 1.132 - just about the same level as the weekly target of expansion
These two levels tog…
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peachynicnic avatar

thanks

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AdamFx42 19 Oct.

Price has already reached my predicted target of 1.1320, and bounced
Need a move lower to start now, for my target to work

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AdamFx42 30 Oct.

target reached - it has played out as I predicted already - bit too soon
now is to wait and see if the price will be held between resistance and support areas

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AdamFx42 10 Nov.

Price has gone higher than I expected - see if prediction still plays out,
support at 1.11 area is still the same

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USD/CAD on a weekly and daily move up

Usd/Cad seems to be in a strong move up,
after hitting the lower border of the weekly trendline up, shortly ago
the pair is now in a hurry to gain some ground upwards,
the longer term fibonacci expansion area of 61.8% of the latest weekly move even points to new highs around 1.13:
Usd/Cad weekly chart
On the daily chart we see some strong upward candles,
and the fibonacci expansion areas of the previous two moves up on the daily chart
of 61.8% may be enough to slow the pair down for a while afte…
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AdamFx42 29 Aug.

going the wrong way for now - see if recovery is possible

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AdamFx42 6 Sep.

Seems like support is holding around 108.5 - Usd growing stronger

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AdamFx42 11 Sep.

Price action is now exactly as predicted:  after a slight move down price has now moved above 1.10 and has bounced off 61.8% fib expansion at 1.1020 - next predicted move is that 1.10 area holds and price moves above 61.8% expansion towards 100% expansion

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AdamFx42 16 Sep.

price has broken below 1.10 again - we wait to see if that can be taken again

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AdamFx42 23 Sep.

Price action has taken back 1.10 and is hanging around it now - need a little move up to accomplish my predicted target

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