USDCAD: Yearly Projection
Lets see...
As we can see the main trend is for "short". Since 2001, the pair USD CAD had experienced for a high "sell" pressure. Of course this is normal, consider all the situation that USD had experienced since the begining of the century.
Something interesting to see, its that even with the "Trump Factor" the USDCAD does not move too much. In fact, in the following months of the presidential election at USA, the USD grows stronger in contrast of the month of the "Presidential Protest Taking". But it was on May that the USD start the "expected correction" and drive the USDCAD to the price of 1.20 (area) back in September of 2017. Since then the USDCAD seems to recover not cause a "strong" USD,
was because a weak CAD.
##What to expect by the end of the year
For now the price seems to go in a "Rank Trend", the must broke the price of 1.32 (area) and stay above of it to reach the lvls of 1.35 as a first target and 1.40 as a second target, this last one as a "LONG TERM"
If the prices continues the "apparent correction" the price must broke hard the price of 1.25 and stay under, this could mean that the price will seak for the 1.18 prices at long term, this could be the key level for a hight impulse for a devaluation of the CAD in the future, giving chanse to the USDCAD index to hit the prices of 1.45 in the "VERY LONG TERM".
What about the Mid term?
On the mid term im expecting a following correction of the USDCAD, my target it's the prices of 1.26, and a possible rejection of this area. After this i will review again searching for new entrances following the trend.
Thank you.
**Special Thank you to @crypticat for the support and @steembounty community for the follow and suport. You guys are awsome !!! **
Saul Q.
Not a big deal but you did spell Projection wrong in the title.
Thank you!!
You're welcome. You might also want to sign up for @dustsweeper.
Yeah! how does it work??
You send it like $1 SBD and then if you get upvotes from people like me it makes the upvotes count after about 5 or 6 days. There is a .02 payout threshold.
I use regular bots otherwise that .01 upvote you gave me would be worthless if it wasn't for the steem bounty and the bots.
you put it in a manner that is so simple to understand.. the technical analysis of forex, crypto and stocks are just too complex for me.
followed you for future updates to this trend.
Thank yoy My friend!
Your Post Got Upvote
Your Post Resteemed To 800+ Followers
I think you have a great experience in the forex & trade. Your study look like perfect work by using graphical analysis it becomes more professional.
Thank you my friend, i like trade in forex i been doing it since a few years a go. One of my goals its to becone expert and share my knowledge with the community.
Great graphical analysis and explanation.. .. I like your graph analysis .. I think your analysis is most effective for trading bro @sfcq240788
Thank you My friend!! i glad you like it!
Thanks too.. Have you any youtube or dtube channel bro ??
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Buen post!! 😃
Muchas gracias hermanos!!!
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