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USDCAD RISING!!

P3tr4 Posted 23 Giu as Analysis on USD/CAD, Target: 1.3642, Date: 1 di Agosto, 12:00 GMT  in #Technical analysis #USD/CAD #Usdcad #Market Trend #Stochastic Indicator #Monthly Chart #Weekly Chart #Currency Markets
Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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USDCAD RISING!!

P3tr4 Posted 30 Mag as Analysis on USD/CAD, Target: 1.3650, Date: 3 di Luglio, 12:00 GMT  in #Technical analysis #USD/CAD #Usdcad #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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USDCAD RISING!!

P3tr4 Posted 13 Apr as Analysis on USD/CAD, Target: 1.345, Date: 1 di Giugno, 12:00 GMT  in #Technical analysis #USD/CAD #Usdcad #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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3 Commenti
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P3tr4 28 Mag

Update 1:
This prediction was for a bullish dollar, and so far it has been very wrong, but the fluctuations in the market has brought the current market value close to my technical forecast. his is the same pair that won me  a prize last month, and I m hopeful. The dollar is generally expected to outperform the loonie both in the short-term and long term. So, I am sticking to the general analysis that supports a weakened loonie.

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P3tr4 29 Mag

Update 2:
Nothing much has changed since the last update, but there has been some bearish market action as the usdcad pair dipped to 1.3420, and is now returning back up towards 1.3450. So far, we have all seen a weakened dollar, if the dollar starts to gain then this usdcad pair would turn bullish and can go higher than my technical forecast and test 1.3500.

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P3tr4 30 Mag

There was a fast spike, as the price moved quickly to 1.3500, just as I predicted in my last update, now it has turned back down towards 1.3400.

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USDCAD RISING!!

P3tr4 Posted 24 Mar as Analysis on USD/CAD, Target: 1.365, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #USD/CAD #Usdcad #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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4 Commenti
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P3tr4 27 Apr

For several fundamental reasons, the loonie has taken a beating this month against all the major currencies. The current monthly low to high is over 400 pips, and it is resting now at 1.3623, not very far away from my forecast of 1.3650.
The general market view is that this rise will continue, but it is better to wait for a drop in price before launching new long positions.

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P3tr4 28 Apr

This currency market has gone above my forecast of 1.3650 by 4 pips. There is a strong bullish trend in play, and It could test 1.3700. I have no idea how it is going to play out, but it is overdue for some retracement. Just hoping it does not go too far away from my forecast price. There is already bearish divergence from my indicator, so it could dive any moment now.

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P3tr4 30 Apr

Third update.
current price: 1.3655
Deviation from forecast : 5 pips
The trend is still bullish, but 1.36000 can act as a minor support before the trend continues back upwards. But even that drop to 1.3600 is looking unlikely, as the dollar is still on the rise. The contest ends in 12 hours, I will have m fourth and last update ready by then.

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P3tr4 1 Mag

Fourth update.
Current price: 1.3665
Deviation from forecast: 15pips

There is still some time, but the trend is still bullish and 1.3700 is looking like the next bus stop. There is still much support for the dollar, and the loonie continues its losing spree for many weeks in a row. If commodity prices change it may help the loonie, but the way things stand, for the foreseeable future the trend is up.

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Trade 3

P3tr4 Posted 3 Feb  in #Trader's blog #Eurusd #Usdcad
My signal still persists on going long on the eurusd, so i have pulled the trigger..
I got another signal to short the usdcad, so i have done likewise..
the markets are a bit quiet after the Aussie news, I can see that some folks excellent trades from that price action..
Personally, i prefer to wait till the european markets open before i get on my trading horse..
Happy trading folks!!
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