Possible Bear flag in USDCAD

16 Kas 2016

After the sharp move down in the beginning of the year, USDCAD broke out of the trend and created an upward channel. It has recently tested the 50% Fib and sellers responded immediately as seen by the purple candle. Pattern looks like a bear flag although we are still miles away from confirming it. A break of the lower bound of the channel is needed to confirm it

16 Kas 2016

Not

Hit the Mara to the tick (purple line) and reversed

16 Kas 2016

Not

Pardon me I meant to the pip. Used to futures analysis

17 Kas 2016

Not

Entering an area of support ( cluster of highs). Next support comes in at 1.33 area (38.2% Fib) and critical support around 1.3280 area (previous support, Mara, and swing lows)

18 Kas 2016

Not

Bounced off support as previously discussed and near swing highs. Watch out for a stop run above previous swing highs at 1.3589

21 Kas 2016

Not

USDCAD needs a close below the small trendline for a move lower in our opinion

30 Kas 2016

Not

Broke inside day lows

5 Ara 2016

Not

Breaking through area of support. A close below is needed for a sustained move

5 Ara 2016

Not

12 Ara 2016

Not

USDCAD approaching lower bound of the channel

13 Ara 2016

Not

Pair testing the trendline and lower bound of the channel

14 Ara 2016

Not

Pair breaking through the lower bound