Yesterday we reached my first target for this run up, the price 1,07.
I uploaded the chart to my gallery, please check the link in this post comments.
Previously, on 7 September:
On monthly chart, we have a double bottom possibility with huge bullish divergence. After that, it seems that we have a base zone, a long-term area with top at 1.0450-1.0660.Seeing this sideways long-term area on the weekly chart, we can see that after broken up the 1.0050 level, started an up medium-term trend that has overcome the 1.0450 level. atm we may have a double top of that trend, because we did not a new maximum price. if so, we'll break down his TL and I think we may have a sideways medium-term area with bottom at 1,024 zone. So, atm I'm bullish on USD/CAD while we're above the 1.0240 zone.
[to see the original analisys and previous updates please click on tag: USD/CAD.]
I uploaded the chart to my gallery, please check the link in this post comments.
Previously, on 7 September:
On monthly chart, we have a double bottom possibility with huge bullish divergence. After that, it seems that we have a base zone, a long-term area with top at 1.0450-1.0660.Seeing this sideways long-term area on the weekly chart, we can see that after broken up the 1.0050 level, started an up medium-term trend that has overcome the 1.0450 level. atm we may have a double top of that trend, because we did not a new maximum price. if so, we'll break down his TL and I think we may have a sideways medium-term area with bottom at 1,024 zone. So, atm I'm bullish on USD/CAD while we're above the 1.0240 zone.
[to see the original analisys and previous updates please click on tag: USD/CAD.]
