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Archive for September, 2015

Monitoring USDCAD for a Breakout

USDCAD hourly has bounced up and down within this quite well defined triangle from late August. 10, 20, 50 and 100 MAs are all converging, and the TTM Squeeze indicator (Bollinger, Keltner and an oscillator) all show the pair is ready for a breakout. Base of the triangle is 300 pips, which gives a target for the first move after the break, whatever the direction.

Will the FOMC stay, raise .25% or raise .50%? I don’t want to guess so I will enter this only after that major event has passed.

To the Best of Good Buys.

20150915USDCAD

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I’m on tradingview!

Because other chart apps are too heavy. See what my comments are on the Forex feed.

https://www.tradingview.com/u/wd1040/

To the best of good buys

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