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Forex Forum to Share, Discuss, Communicate and Trade Forex • USD CAD trading journal
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Re: USD CAD trading journal

PostPosted: Sun Mar 13, 2016 4:46 pm
by Kikizyak
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The larger rise from 0.9406 is expected to resume later after current correction from 1.4689 completes. In the longer term picture, rise from 0.9056 (2007 low) is viewed as a long term up trend. It's taking a breath after hitting 1.4689. But such rise expected to resume later to test 1.6196 later down the road.

Re: USD CAD trading journal

PostPosted: Sun Mar 20, 2016 4:11 pm
by Kikizyak
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Break of 1.3638 resistance is needed to indicate completion of the pull back or risk will stay on the downside. Nonetheless, the larger rise from 0.9406 is expected to resume later after current correction from 1.4689 completes.

Re: USD CAD trading journal

PostPosted: Tue Mar 22, 2016 6:53 pm
by Kikizyak
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We fully anticipate that this market where the very least try to reach the 1.34 level over the next several sessions, but could very well break above the 1.35 level and much higher than that if we get enough momentum. At this point though, we would expect there would be volatility if nothing else.

Re: USD CAD trading journal

PostPosted: Sun Mar 27, 2016 7:15 pm
by Kikizyak
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Fall from 1.4689 is developing into a medium term correction pattern. Deeper fall would be seen to 38.2% retracement of 0.9406 to 1.4689 at 1.2671 and possibly below.