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Read more →For the past two weeks, USDCAD has be falling and starting from first Week of January 2012, price continue to slide even further down breaking below last week low. Leaving us in doubt if price will continue to slide further. On the Daily Chart, price still paints
Read more →This is very similar to the USDSGD chart posted earlier. Will be a medium to long term theme. A decisive move out of the triangle will determine the new trend RELATED ARTICLES USDSGD Bullish Reversal Follow Soh Tiong Hum on Twitter @sohtionghum
Read more →I have a question from student about USDCAD trade plan. Most important, in any trade plan – either we are asking for a trade NOW, or we plan for a trade in the future. But future cannot be too far – as we are traders, if
Read more →In my previous posting, I said that USDCAD was currently supported by week 44-45 low and the move up will not be a smooth ride. Yeap, last week, week 49, USDCAD failed to break below week 44-45 low and the move up was halted again by week
Read more →In my previous posting, I mentioned that USDCAD trend direction was clear, however price is currently faced with a resistance at Aug 2009 – Jul 2010 High. The Weekly chart gave clue on why price halted at the said level of the upward movement and retraced down.
Read more →USDCAD moved more than 200 pips up upon the opening of the week 46. In my last posting, I said USDCAD has the potential to move up higher and Week 38/early week 39 high may act as an immediate resistance. On the Weekly chart, USDCAD currently face with
Read more →In my previous two postings, I repeatedly said USDCAD must break above week 38,39,41,42 levels. And last week (Week 45, I gave clue to Tflow® entry. TFlow® students with TX Auto Alert will be able to see the textbook Tflow® pattern plotted out on H1. And the result,
Read more →USDCAD went on sideway movement last week (week 45). However despite moving sideway, USDCAD moved about 180 pips up and 180pips down. Still quite a feat for USDCAD. On the daily chart, USDCAD still paints an up picture. Price still continues to go higher. Although it is
Read more →Last week – week 44, USDCAD rebound 300 pips up as mentioned in my previous posting. ” We might expect some temporary rebound to Aug’11 high and Sept’11 Mid high before price continues to fall. However if price get supported at Aug’11 high, it might form a
Read more →USDCAD fell upon the opening week of 43. Late bears was able to join the shorts when there was a retracement to week 39 low. Can we expect price to revisit this level again in the coming week? Price broke below the ED Channel and is currently
Read more →USDCAD moved sideway last week – week 42. Price was resisted twice by week 41 mid week high – support turned resisted zone. On the Daily chart, price is currently near Aug’11 high. The level I mentioned in my last week posting has not been met. We
Read more →USDCAD fell more than 200 pips down upon the opening of week 41. The late bears were able to join the shorts when price retested week mid-week 39 high. Will we see price to continue to drop more or is it just another retracement? On the daily
Read more →In the earlier week, of week 40, USDCAD went up another 200 pips. It touches the weekly level i mentioned in my previous posting and fell 400 pips down. USDCAD moved a total of 60o pips, a rare occurrence for USDCAD. Price closed above week 38 high.
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