CAD wishes.

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = CAD : 60min Chart (Posted Below)

For trend refer to http://www.dynamictraderblog.com/

Not much movement today as we finished on the Daily chart with a Doji, which gave us the 2nd day of indecision.

Following on from last night detailed analysis of this cross then the force is saying a price movement down.

Looking at the 60 min chart this evening, I note the following.

Trend lines as drawn present us with a decreasing triangle, squeezing the price ? where ?

VI & RN could provide resistance along with the top trend line ?

Stochastics crossing the 70 line will be due a turn in direction at some point ?

Recent convergence has given us our current move up with price, For how long ?

A reversal formation / pattern around the previous points mentioned, may give "aggressive" traders, an early entry for a short trade, with the force from above favouring that direction ?

Target remaining as mentioned last night, the MOB positioned below ?

What are your views ?















With Good Friday and Bank holiday on Monday, I will not be posting again till Monday evening. Hope you all have a good short break from what is an interesting times in the market.

From all the bloggers at "Dynamic Trader", thank you for your interest and support.

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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