Deltastock Daily FX Analysis
- Thread starter Deltastock
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Do you have some analysis done on the USDCAD? Pretty interested in this pair and interested to find out how others are analysing this.
http://marketchartpattern.com/forex...stance-level-weekend-review-21-23-march-2014/
http://marketchartpattern.com/forex...stance-level-weekend-review-21-23-march-2014/
Deltastock
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Hi, DuCaan.
In my daily research I cover EUR/USD, USD/JPY and GBP/USD (+USD/CHF only in bulgarian language). I don't watch closely the loonie.
I read the analysis you've linked to, and frankly speaking, I couldn't understand what the forecast is, because there is no clearly expressed view what the author actually expects to happen or what his trading idea is.
However, I get the feeling (due to the focus mainly on resistances), that this analysis tends to be bearish. I strongly disagree.
I don't use Fibonacci levels, extensions, etc. nor "harmonic" Gartley patterns, so the S&R's I see are different.
On the monthly/weekly chart there is a clear uptrend after the break through 1.0560 and the initial resistance I see is 1.1750. On these frames 1.0560 is the key support.
On the daily chart there is an activated triangle pattern (bullish continuation) with a key support at 1.1150 and crucial level at 1.1020.
On the 4 h. frame the pair is in a neutral (consolidation) mode after the recent peak at 1.1277, trading exactly in the middle of the 1.1277-1.1150 range. The intraday bias is slightly bearish and my call here is for a slide towards 1.1150. The later should provide a reliable support for next leg upwards, through 1.1277 high. Crucial is 1.1020.
Here are the discussed charts - monthly, daily and 4 h. :
Thank you for your time.
Best Regards,
Stoyan
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Deltastock
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Current level - 1.3831
Yesterday's rise was capped at 1.3880 crucial resistance and while the mentioned level is intact my outlook here will remain bearish, for a slide towards 1.3641. Initial minor support lies at 1.3810.
Yesterday's rise was capped at 1.3880 crucial resistance and while the mentioned level is intact my outlook here will remain bearish, for a slide towards 1.3641. Initial minor support lies at 1.3810.
Deltastock
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Current level - 1.3792
Yesterday's test of 1.3750 support has failed, but the outlook here remains bearish below 1.3880 crucial level, for a slide towards 1.3641. Crucial on the upside is 1.3880.
Yesterday's test of 1.3750 support has failed, but the outlook here remains bearish below 1.3880 crucial level, for a slide towards 1.3641. Crucial on the upside is 1.3880.
Deltastock
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Current level - 1.3740
The downtrend after the recent failure at 1.3880 is intact, heading for a break through 1.3705, en route to 1.3641. Initial intraday resistance is projected at 1.3777.
The downtrend after the recent failure at 1.3880 is intact, heading for a break through 1.3705, en route to 1.3641. Initial intraday resistance is projected at 1.3777.
Deltastock
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Current level - 1.3803
The rebound above 1.3704 low seems corrective in nature, so my outlook here is bearish, for a break through 1.3760, en route to 1.3640. Crucial on the upside is 1.3880.
The rebound above 1.3704 low seems corrective in nature, so my outlook here is bearish, for a break through 1.3760, en route to 1.3640. Crucial on the upside is 1.3880.
Deltastock
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Current level - 1.6611
The intraday bias is negative after the unsuccessful tests at 1.6660 and the pair is heading towards 1.6553 support, en route to 1.6470 lows.
The intraday bias is negative after the unsuccessful tests at 1.6660 and the pair is heading towards 1.6553 support, en route to 1.6470 lows.
Deltastock
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Current level - 103.13
The recent break through 103.57 signals a reversal of the whole upmove from 101.70 and the outlook here is already bearish, for a slide towards 102.60 support, en route to 101.70. Initial intraday resistance lies at 103.57.
The recent break through 103.57 signals a reversal of the whole upmove from 101.70 and the outlook here is already bearish, for a slide towards 102.60 support, en route to 101.70. Initial intraday resistance lies at 103.57.
Deltastock
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Current level - 102.02
The downtrend from 104.10 high bottomed at 101.54, but the current rebound seems corrective, before another dip towards 100.70. Key resistance on the upside lies at 102.50-60 zone.
The downtrend from 104.10 high bottomed at 101.54, but the current rebound seems corrective, before another dip towards 100.70. Key resistance on the upside lies at 102.50-60 zone.
Deltastock
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Current level - 1.3855
The uptrend here remains intact and current pullback below 1.3880 should be considered corrective, preceding an advance towards 1.3966 high. Initial intraday support is projected at 1.3820 and crucial on the downside is 1.3778.
The uptrend here remains intact and current pullback below 1.3880 should be considered corrective, preceding an advance towards 1.3966 high. Initial intraday support is projected at 1.3820 and crucial on the downside is 1.3778.
Deltastock
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Current level - 1.3895
The bias here remains undoubtedly bullish with an initial support at 1.3875 and crucial level at 1.3835, but due to the proximity of 1.3967 peak, I favor a reversal to set the beginning of a broader consolidation towards 1.3800 area.
The bias here remains undoubtedly bullish with an initial support at 1.3875 and crucial level at 1.3835, but due to the proximity of 1.3967 peak, I favor a reversal to set the beginning of a broader consolidation towards 1.3800 area.
Deltastock
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Current level - 1.3845
Today's slide confirms a reversal at 1.3904 and the outlook is bearish, for a test of 1.3780 support area. Initial resistance lies at 1.3875.
Today's slide confirms a reversal at 1.3904 and the outlook is bearish, for a test of 1.3780 support area. Initial resistance lies at 1.3875.
Deltastock
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Current level - 1.6716
The bias here remains negative below 1.6750 resistance, for a slide towards 1.6670 support zone.
The bias here remains negative below 1.6750 resistance, for a slide towards 1.6670 support zone.
Deltastock
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Current level - 102.23
The corrective rebound above 101.30 low is still on the run, and with the recent break through 101.96 the outlook here is bullish, for a tighter test of 102.60-70 area.
The corrective rebound above 101.30 low is still on the run, and with the recent break through 101.96 the outlook here is bullish, for a tighter test of 102.60-70 area.
Deltastock
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Current level - 1.3839
Yesterday's break through 1.3830 support after the intraday peak at 1.3850 has neutralized the positive bias and the pair is caught in a tight range. Although there is a risk of one more downswing for a another test of 1.3780, my outlook here is bullish, for a break through 1.3862 resistance, en route to 1.3966 high. Minor intraday support lies at 1.3830.
Yesterday's break through 1.3830 support after the intraday peak at 1.3850 has neutralized the positive bias and the pair is caught in a tight range. Although there is a risk of one more downswing for a another test of 1.3780, my outlook here is bullish, for a break through 1.3862 resistance, en route to 1.3966 high. Minor intraday support lies at 1.3830.
Deltastock
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Current level - 1.3794
Last week's reversal at 1.3863 signals, that the consolidation pattern after 1.3904 high is still underway and the intraday bias is negative below 1.3804 minor resistance, with a crucial level at 1.3830. My outlook is counter-trend, for a break through 1.3830, en route to 1.3904. Initial support lies at 1.3780, followed by the major one around 1.3750.
Last week's reversal at 1.3863 signals, that the consolidation pattern after 1.3904 high is still underway and the intraday bias is negative below 1.3804 minor resistance, with a crucial level at 1.3830. My outlook is counter-trend, for a break through 1.3830, en route to 1.3904. Initial support lies at 1.3780, followed by the major one around 1.3750.
Deltastock
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Current level - 102.52
There is still no sign of a reversal here and the bias is neutral between 102.70 and 102.36 minor intraday support. My outlook is counter-trend, for a break through 102.36, en route to 101.85 and 101.30.
There is still no sign of a reversal here and the bias is neutral between 102.70 and 102.36 minor intraday support. My outlook is counter-trend, for a break through 102.36, en route to 101.85 and 101.30.
Deltastock
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Current level - 1.6801
Still in the consolidation pattern above 1.6750 support and the outlook here is bullish, for a rise towards 1.6890.
Still in the consolidation pattern above 1.6750 support and the outlook here is bullish, for a rise towards 1.6890.
Deltastock
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Current level - 1.3862
Today's low at 1.3813 sets the beginning of a rise towards 1.3904, en route to 1.3967 high. Initial intraday support is projected at 1.3847 and crucial on the downside is 1.3813 low.
Today's low at 1.3813 sets the beginning of a rise towards 1.3904, en route to 1.3967 high. Initial intraday support is projected at 1.3847 and crucial on the downside is 1.3813 low.