Possible Bear flag in USDCAD

2016年11月16日

After the sharp move down in the beginning of the year, USDCAD broke out of the trend and created an upward channel. It has recently tested the 50% Fib and sellers responded immediately as seen by the purple candle. Pattern looks like a bear flag although we are still miles away from confirming it. A break of the lower bound of the channel is needed to confirm it

2016年11月16日

註釋

Hit the Mara to the tick (purple line) and reversed

2016年11月16日

註釋

Pardon me I meant to the pip. Used to futures analysis

2016年11月17日

註釋

Entering an area of support ( cluster of highs). Next support comes in at 1.33 area (38.2% Fib) and critical support around 1.3280 area (previous support, Mara, and swing lows)

2016年11月18日

註釋

Bounced off support as previously discussed and near swing highs. Watch out for a stop run above previous swing highs at 1.3589

2016年11月21日

註釋

USDCAD needs a close below the small trendline for a move lower in our opinion

2016年11月30日

註釋

Broke inside day lows

2016年12月5日

註釋

Breaking through area of support. A close below is needed for a sustained move

2016年12月5日

註釋

2016年12月12日

註釋

USDCAD approaching lower bound of the channel

2016年12月13日

註釋

Pair testing the trendline and lower bound of the channel

2016年12月14日

註釋

Pair breaking through the lower bound