Canadian dollar should have moved up on gap down on USD, but pressure on CAD has left it stagnate. The H&S called for in Dec contract on USD appears to be delivering. Neckline at 92.58. Looking for a double bottom at 91.50. CAD ??? We may conclude that a bullish flat was created today on CAD. What overnight will bring we will see tomorrow.
Komen:
USD is at neckline. Will this produce a larger fall? CAD up and nearing R3. Next week new pivots will show a higher pivot point and R3 will also be higher giving CAD more breathing room.
Komen:
USD falls as CAD rises. USD headed for 92 and CAD for 80.
Komen:
CAD made a shooting star doji at the end of day. USD fell and climbed back a bit. There maybe an upswing to USD changing the course of CAD. Need confirmation.
Komen:
Canadian dollar up again as USD slows down. A turn is coming for CAD. Target .80410
Komen:
CAD coming to an end for upside. USD going horizontal and nearing double bottom.
March nearing R2 and RSI tapping out.
March nearing R2 and RSI tapping out.
Komen:
Canadian dollar making a surge to double top as USD continues to fall. USD may go to 79 the way it is looking. CAD may trade between .79795 and .81250 on the March contract.
Komen:
Feb CAD gap up and heading for double top. March not much to report. USD leader.