USDCAD: Will History Repeat? | Forex Factory

  • USDCAD: Will History Repeat?

    From dailypriceaction.com

    August 28 was the last time I wrote about USDCAD. And after nearly two months, the pair has moved just 150 pips lower. The lack of movement is one reason I haven’t discussed USDCAD lately. My recent lack of interest in the pair also stems from the fact that USDCAD has yet to break free from the terminal pattern I discussed nearly two months ago. However, this week’s price action may have changed all of that. But before we get to that, I want to point out a few things. Do you remember the two channels below from August 28? Notice how the USDCAD has been trending inside the larger descending channel since July ... (full story)

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Bakker
Oct 20, 2019 3:59am
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[quote=Macd-rsi;12570364]I do not think so due to many reasonS, among them oil-USDCAD relationship.

That's one of the main reasons for the USD to make a dive, look at last week's extremely high oil inventories in the US! A new over supply number this week will send the $ reeling.
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Macd-rsi
Oct 19, 2019 12:39am — Edited
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I do not think so due to many reasonS, among them oil-USDCAD relationship.
plus
you draw channels in wrong way.
the channel must be drawn on peak or low in-between, not outside main trend points.
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Bakker
Oct 20, 2019 3:44am
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Good analysis, almost exactly the same scenario as with USDCHF.
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asmadi78
Oct 20, 2019 2:11am
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FAKE
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