pepy Posted July 22, 2016 Author Share Posted July 22, 2016 Meanwhile on daily chart, USDCAD continues to strengthen the current position also because of the response from buyer and getting closer to the upper trendline symmetrical triangle pattern, a break in the upper line is actually not the main option, so if it happens to be seen whether prices will continue to climb or just to correct this chart pattern Quote Link to comment Share on other sites More sharing options...
pepy Posted August 2, 2016 Author Share Posted August 2, 2016 On H1 time frame USDCAD is facing bullish trend on Tokyo session, all the indicators showing the same signal without doubt. MACD forms higher high, Parabolic SAR and EMA28 is strongly agree and not to mention RSI and Stochastic also respectively rise to level 30 and 46. At the current condition USDCAD may rise up to 1.31084 before start to consolidate. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 8, 2016 Author Share Posted August 8, 2016 USDCAD clearly show the bullish symptom with formation of bullish engulfing pattern which formed on daily chart and also the price close above EMA20 indicated more pressure on this. Rsi(14) seen rise to around level 57. Stochastic (5,3,3) also rise to around level 64. Macd (12,26,9) forms higher high. The bias is bullish and with resistance for today is at 1.32855. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 9, 2016 Author Share Posted August 9, 2016 Head shoulder pattern seen in the pair USDCAD on 30 minutes time frame and the price fell closed below the middle band. In this case, RSI (14) fall down to around level 50, Stochastic (5,3,3) down to level 57 or maybe lower while Macd (12,26,9) formed higher low. The bias is bearish but not so strong with support level at 1.31009. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 11, 2016 Author Share Posted August 11, 2016 USDCAD on H1 chart doesn't show any significant movement but the current price since the opening is under pivot line. Signal indicator RSI (14) and Stochastic (5,3,3) both observed to fall down to level 43 and level 59. Even not much but overall the trend showing bearish movement at least up to New York session. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 12, 2016 Author Share Posted August 12, 2016 Three inside down pattern is formed by USDCAD on 1 hour time frame chart with the price break down through the lower band. Additionally, RSI(14) fall down to level 28, Stochastic (5,3,3) which is clearly fell to around level 30-33. MACD on the other hand created lower low which may hinder the bias which is bearish. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 17, 2016 Author Share Posted August 17, 2016 USDCAD already penetrated the psychological support at 1.29003 and the price now is 1.28800 also the price is below of today's lower band. RSI (14) descend from previous position to level 39. Stochastic (5,3,3) descend to level 18. Macd (12,26,9) formed lowers low. Price's bias is bearish with the next target is at support level 1.27853 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 18, 2016 Author Share Posted August 18, 2016 On H1 chart, the condition is the price of USDCAD moving below daily pivot also below MA20. The price also break the middle band. RSI(14) observed to fall down at around level 44, while Stochastic(5,3,3) fall down to level 28 and MACD formed higher low. Overall the bias is bearish considering all indicators above. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 22, 2016 Author Share Posted August 22, 2016 2 consecutive white soldier pattern formed on H1 chart of USDCAD, this means in this chart this pair is under bullish sentiment which painted by the price break through EMA20. Stochastic(5,3,3) rise to level 63 and at the same time RSI(14) rise to level 64 while MACD(12,26,9) formed lower highs. Bias is bullish and may rise to meet the next resistance. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 23, 2016 Author Share Posted August 23, 2016 USDCAD on H1 chart has inverted hammer on previous candle, showing the indication for this pair to make correction and fall further. Stoch also fall down to level 58 while RSI fell to level 37, not to mention Stoch is making bearish crossover now. While MACD formed higher lows. Bias is clearly bearish with the price may fall to around 1.28696. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 25, 2016 Author Share Posted August 25, 2016 Big White candle can be seen on USDCAD's pair 1 hour time frame, it is not just that there is gap in the opening which means this pair must be overwhelm by bullish sentiment. As you can see MACD formed lower high, while RSI 14 rise to 45 and Stochastic to 19, ever since that is oversold enough. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2016 Author Share Posted August 29, 2016 On 1 hour time frame of USDCAD three white soldiers formation formed there, and the price is overwhelmed totally by bullish dominate with the price break EMA20. RSI(14) rose to level 63, Stochastic (5,3,3) rose to level 55, MACD formed lower high. Bias is bullish and may reach 1.30252 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 30, 2016 Author Share Posted August 30, 2016 Moving below pivot on 1 hour time frame, USDCAD's price successfully broke it and close above also the middle band. Big white candle formed indicated further movement. RSI and Stochastic both rose to level 57 and 77 while MACD formed higher high. Prediction for now is bullish with price able to reach the R1 at 1.30376. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 31, 2016 Author Share Posted August 31, 2016 USCAD on H1 chart mercilessly rejected by R1 and with the fall break EMA20. Considering the other indicators such as RSI 14 and Stochastic which both fell to around 59 and 11 respectively, this pair may fall deeper, not to mention MACD formed lower high now and the next target is at 1.30697 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2016 Author Share Posted September 1, 2016 Big white candle followed by the rejection of pivot and EMA20 is the sign for a strong bullish sentiment of this market. RSI(14) seen fall to 63 and Stochastic (5, 3,3) fall to level 77. MACD on the other hand just formed lower high from previous higher low. For now USDCAD on H1 chart is bullish. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 2, 2016 Author Share Posted September 2, 2016 Strong bearish trend still remain on usdcad 1 hour time frame, with the price break through EMA20 and middle band, the big black candle become the major turning point after formed. Another indicator such as RSI(14) and Stochastic (5,3,3) both rose to level 47 and 60 respectively. This pair seems under bearish condition and may fall deeper up to 1.30845 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 9, 2016 Author Share Posted September 9, 2016 USDCAD on 1 hour chart spotted rejection of pivot and the appearance of big white candle. This all indicated bullish pressure. RSI(14) rise to level 66, Stochastic (5,3,3) rise to level 78, MACD formed higher high. The prediction of USDCAD is bullish, and target towards 1.29762 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 12, 2016 Author Share Posted September 12, 2016 Based on H4 chart it seems that USDCAD price is moving above EMA20 and there is rejection by pivot which keeps it moving above pivot too. The other indicators such as Parabolic SAR indicator (0.02,0.2) indicates a buy signal, while RSI (14) go up to level 70 and Stoch indicator (5,3,3) seems rise to around level 94. Based on that then this pair is predicted to bullish with target at 1.31503. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 13, 2016 Author Share Posted September 13, 2016 Morning star spotted on 30 minutes chart of USDCAD and this an indication for this pair to keep rising. The other indicators such as MACD which in green zone and formed higher high, Stochastic which rose to 80 and RSI(14) rose to level 66 both are bullish also not to mention PSAR gives bullish signal which support this cause. The prediction is bullish and the target at 1.31236. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 14, 2016 Author Share Posted September 14, 2016 Based on 4 hours chart it seems that according to Stochastic USDCAD is overbought but MACD showing that the price is still have potential to bullish with make lower high in green zone. RSI(14) in this case rise to level 71 indicated bullish sentiment. 3 white soldiers also spotted in this chart. The prediction for today is bullish and the price may rise up to 1.32085 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 15, 2016 Author Share Posted September 15, 2016 With the rejection of middle band when the price wanted to break through is an indication fo reversal. This also supported by RSI(14) and Stohastic (5,3,3) where both rise to around level 61 and 42 respectively. MACD(12,26,9) is bullish and Parabolic SAR(PSAR) is moving below of the price with bullish indication. The conclusion is bullish for USDCAD on 1 hour chart Quote Link to comment Share on other sites More sharing options...
pepy Posted September 16, 2016 Author Share Posted September 16, 2016 Big black candle formed on H1 chart of USDCAD and drove the price down further and reached below middle band. Parabolic SAR in this case is moving above the price indicated for bearish sentiment. While EMA100 is trying to reject the price and RSI(14) seems rise to higher level, but MACD formed lower high and in red zone. Stochastic also fell to level 43. The conclusion is that USDCAD's trend is bearish. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 19, 2016 Author Share Posted September 19, 2016 USDCAD on 1 hour time frame observed to have the bearish engulfing pattern, the price also broke the middle band and closed below. RSI(14) right now in level 49 while fell from higher level points indicated for bearish signal. Stochastic(5,3,3) alse fell down to level 32. MACD currently on red zone and formed higher low. Parabolic SAR on the head of current price which means bearish. Overall this pair today ignoring the fundamental issue is bearish. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 20, 2016 Author Share Posted September 20, 2016 On 1 hour chart usdcad happened to formed bullish engulfing pattern and the price rose to break the upper band and closed above. RSI(14) seems bullish with the indicator rose to level 69. MACD(12,26,9) is also bullish with formed higher low on the green zone. Parabolic SAR and EMA100 are both bullish with the price is moving below of the current price. According to that analysis then it can be concluded that usdcad is bullish. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 21, 2016 Author Share Posted September 21, 2016 On H1 chart USDCAD 2 big black candles formed and the price is breaking the middle band successfully. RSI(14) observed to rise up to level 49 while Parabolic SAR is bearish with move above the price. MACD in this chart observed to be in red zone with lower low formation. I think the target is at 1.3210 first before fall a bit to 1.3195. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.