DAILY FORECAST FOR USDCAD Bias: While 1.1350 supports I feel this rally can challenge the 1.1431-48 area – maybe even 1.1481 Friday’s gains didn’t manage to break out of the range seen in the last few days of last week. However, the start today has seen breach and thus we should now see stronger gains. [...] [...more]
DAILY FORECAST FOR USDCAD Bias: The 1.0926-50 did hold well and cause a firm rally which has reached 1.1203 and ideally I’d like to see this extend higher today. For this to work I’d prefer that the 1.1136-50 area remains supportive and causes a push back above this morning’s 1.1203 high. If seen then we [...] [...more]
DAILY FORECAST FOR USDCAD Bias: I look for gains to extend to 1.1348 at least but this may stall the first recovery Losses stalled between the two support levels identified at 1.1180 and 1.1216 and given the bullish divergence I feel we have seen the intermediate low and thus we are due a pullback higher. [...] [...more]
DAILY FORECAST FOR USDCAD Bias: While 1.1690-12 supports I still look for gains to reach 1.1832-63 and later higher No new lows yesterday but a direct resumption of the upside which has reached 1.1776. I still feel there is more to come and for this support at 1.1690-10 must remain intact. From there look for [...] [...more]
DAILY FORECAST FOR USDCAD Bias: Take care at 1.1755-74 – only below maintains the downward momentum for 1.1677 at least Friday saw the 1.1830-33 support reached but this morning has broken and this should extend losses to the 1.1755-74 area. Take care as we are beginning to see potential for a bullish divergence. Thus only [...] [...more]
DAILY FORECAST FOR GBPJPY Bias: We have broken below the triangle low and this should lead to a test of 139.60 Losses have been strong and have seen a new low following which a small triangle developed. This has broken to the downside and thus I am looking for losses to extend further to the [...] [...more]
DAILY FORECAST FOR USDCAD Bias: While 1.2325 supports I feel the risk is higher still While not exactly what I was expecting we did see gains which stalled at 1.2505. From there the correction has reached 1.2325 and I feel this was probably deep enough for the correction. Thus I favor the upside but do [...] [...more]
DAILY FORECAST FOR USDCAD Bias: While 1.2526-50 caps I still feel the bearish side is the stronger Lack of follow-through yesterday has seen a deeper correction but I still prefer a bearish stance. I’m not sure whether we saw the corrective high at 1.2470 or whether we can still see a slightly higher correction to [...] [...more]
DAILY FORECAST FOR USDCAD Bias: My patience is beginning to fail but still wait for breaks to confirm the move Still no break higher and a return to close to the 1.2200 low but which was followed bya rally back to retest the 1.2351-54 area. It really is hard to fit this into a bearish [...] [...more]
DAILY FORECAST FOR USDCAD Bias: I feel we may still be within a 1.2647-1.2765 range. Although price broke back above 1.2739 it failed at the 1.2764 resistance and has returned into the range. I suspect we shall see this bounce from the 1.2647area and move back above 1.2680 and towards the 1.2740-50 area but then [...] [...more]
