Monthly USDCAD

٣ يناير ٢٠٢٤

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.

١٩ مارس ٢٠٢٤

ملاحظة

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.

١٥ أبريل ٢٠٢٤

تم فتح الصفقة

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

Will it punch through the upper line? 👊

١٥ أبريل ٢٠٢٤

تم فتح الصفقة

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

٣ يونيو ٢٠٢٤

تم فتح الصفقة

🎆5 MONTHS and pattern STILL on track! 🧐

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

٢٤ يونيو ٢٠٢٤

تم فتح الصفقة

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.

٢٢ يوليو ٢٠٢٤

تم فتح الصفقة

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

٧ أغسطس ٢٠٢٤

تم فتح الصفقة

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.

٢٩ أكتوبر ٢٠٢٤

تم فتح الصفقة

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.

قبل ٦ ساعات

أغلقت الصفقة: تم الوصول للهدف

💥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.😔