The Aussie Canadian dollar.

Good afternoon all,

Today I wanted to post of a high probability trade, but due to the recent pullbacks and consolidations there is plenty of uncertainty as to direction.

The GBPJPY has recently hit a fibonacci level at resistance and is re-testing this before a possible continuation south making a possible right shoulder of a H&S formation on the lower timeframe and so a watchful eye is needed here, whilst the CHFJPY is at the higher breather but a little short of the V.I. clustering with a fibonacci level, so if not aggressive the trade may still be on should this area be reached.

Todays chart of the AUDCAD, although in consolidation at present is showing a pennant formation, and with price having crossed down and closed below the V.I. is offering a more bearish scenario, but as you should all know, patience is needed here for a possible BOB and should this happen traded using your filter.

As always please ensure to do your own analysis before trading.

As a quick edit to this post, the EURGBP may be looking favourable for a long trade at this moment, but check at the end of the day.
















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Aussie Canadian Dollar plus others.

Hello all,

Hope you have had a great time so far and are getting ready for the New Year.

In case anyone does visit the blogs over this festive period I thought I would post a quick note regarding the AUDCAD and some others for you to take a look at.

Price action has recently tagged the V.I. as can be seen from the image below, and has since had a slight bounce which looks at present like a bearish flag and the GetStochastics is showing a FB to the downside, and the short term trend is down. This could be traded according to your rules should the correct trigger occur or should it decide to head northward then the short term trend should be resumed before considering the long trade.

The CAD is also looking good for a possible short using DD, whilst the CADJPY maybe good for a long but resistance is nearby.The EUR could be producing a flag, and the same goes for the EURCAD but this is at significant support in the form of a RN.

There are other pairs to look at but this is something to be going on with.

As always please ensure to do your own analysis before taking any trades and remember that the markets are not funtioning normally at present due to the holiday period.

Have a great New Year.

Charts courtesy of AdvancedGet.

Enjoy yourselves.

Clayton Farnworth.

The Aussie Canadian, and recap of last week.

Good evening Dynamic Traders,

Tonight I thought I would do a re-cap of last weeks blogs as well as bringing to your attention a possible swing trade this week on the AUDCAD.

Last Sunday I mentioned this pair when it stood at 0.9760 and said a possible pullback was on the cards which could have been traded using the correct methods before continuing with the trend. Since then price came down some 200 or so pips but on Friday (NFP) has now possibly gone into the continuation mentioned last Sunday due to trends and a break North and so your appropriate filters could be used, but again as mentioned the figure is close by and so beware, and trade appropriately.

Other trades mentioned last week where the EURNZD, which has not triggered a short on the daily timeframe yet but as mentioned was for the watchlist, and last week price action on the weekly chart did make a doji at the V.I. so perhaps this week could see some movement-keep watching.

Wednesday post on the GBP regarding DD has since moved up a possible 60 pips or so but nothing to get excited about but if this trade was taken and depending on your TP you could still be in it but without having moved your stop so keep vigilant, as conditions are still valid and obstacles mentioned Wednesday still in the way, see Wednesday's post.

Regarding the NZDJPY on Thursday a possible 50 some pips movement have occured but obviously these all would not have been had due to entry filters etc. and ability to trade appropriate timeframes, but once again as 'NFP' is out of the way hopefully trading can get back to normal.

Get ready for another challenging week ahead in the markets.

As always please ensure to do your own analysis before trading.

Good luck.

Clayton Farnworth.

The Australian Dollar Canadian Dollar.

Good evening Dynamic Traders,

Tonights chart is of the AUDCAD on the daily timeframe.

At present price stands at a very strong former resistance, but this pair is in a good uptrend and stands at the 0.9800 figure area, just shy of the 1.0000 , another strong psychological area.

GetStochastics is showing the false bars to the upside as expected as all trends are up.

A break north could mean a continuation here and could be traded accordingly using your filters, as you should make the trend your friend, but caution could be warranted as the MOB has now been broken and confluences such as the fibonacci cluster area being in this vacinity of the afore mentioned resistances are building to offer a hint at a possible pullback/reversal, so wait until opportunities arise for your entry points, if you are already in this trade then good management is paramount here.

If a short trade is to be considered then use your appropriate tools and techniques as this would be against the trend and you need to be confident in this approach.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Australian Dollar Canadian Dollar.

Good morning Dynamic Traders,

Todays chart is of the AUDCAD, on the daily timeframe.

The image below currently has price action having closed above the higher fibonacci breather level which could be an indication that price may go higher.

Some confluences to support this is the MACD heading up, and also price ( being the most important factor in analysis ) is also in the parameters of DD as taught by 'The Dynamic Trader'.

However, please be aware that the short term trend is down and so caution is warranted here should the long trade be taken as it may be in the process of a 123/DT which could also tie in with the AdvancedGet EW count as this could be a 3 wave A.

If it does turn out to be a 123/DT then a possible 140 pips (ish) plus could be on offer.

However should the opposite trade happen then use your tools to work out an entry and trade accordingly.

Please ensure to do your own analysis before taking any trades.
















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Review from yesterday.

Good morning Dynamic Traders,

I thought I would try and get a quick review done of yesterdays post before I head off to the garage.

I mentioned yesterday that this pair had been heading upwards and had a quite deep pullback of late, and was keeping an eye on this pair for a possible resumption of the uptrend.

By close of play the trendline was still intact and therefore I did not place an entry order.

On re analysing now due to this, and looking at the fibonacci projections on the lower timeframe,
a possible test of the V.I. on the daily could be on the cards and as mentioned yesterday this had not been tagged although it is in close proximity.

Price is at the moment contemplating this '00' area and so if wanting a possible short for intra-day look here should your list of confluences point in that direction.

As always please do your own analysis before entering any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Australian Dollar Canadian Dollar.

Good afternoon Dynamic Traders,

Todays chart of the AUDCAD, has been trending upwards quite nicely until the beginning of July when it did start to fall.

This pullback may be a little deep, but non the less did come to a fibonacci reversal with a doji candle formation and was in proximity to a '00' figure, although the V.I. did not get tagged.

Today price is breaching the trendline as I write this but be aware of the '000' above which could cause resistance if the upward path should continue which could lead to a re-test of the high.

Currently there is short term convergence with MACD amounst other confluences but to take any trades please ensure to do your own analysis and gather more odds in your favour whilst also using your filter for entry should todays bar finish appropriately.

Due to problems with my vehicle, I am afraid there will be no update tomorrow, as I have to get it to the garage for repair.

Charts courtesy of AdvancedGet.

Have fun trading, and good luck.

Clayton Farnworth.

The Aussie Canadian intraday.

Good morning Dynamic Traders,

May I firstly apologise for the lack of posts these past two weeks without notification, but due to unforeseen circumstances it was not possible but hopefully the problem is resolved and posting should be back to normal.

The daily chart not shown is portraying similar characteristics but I have chosen the 4 hour chart of the AUDCAD for a possible intraday entry regarding a reversal.

As can be seen the price action is tagging the lower end of the former resistance area and is at a fibonacci cluster area, with RN, and has currently drawnback.

Due to me not wanting to chase the trade I shall await another entry point in conjunction with my rules as I have missed the aggressive stance now but this current bar could give that opportunity.

Use your tools for confirmation including RST and enter accordingly.

Charts courtesy of AdvancedGet.

Good luck to you all.

Clayton Farnworth

The Aussie Canadian.

Good morning Forex Traders,

The weekly chart of the AUDCAD has been attacking the V.I. but has been held back since the end of March.

If you you now look at the daily chart below you will see that AdvancedGet is showing a possible Wave 5 in progress and at present price action is held within the constraints of a squeezing triangle formation, being held over the last four days by the trendline acting as support.

Although price is consolidating consolidating, Stochastics is hooking up from OS territory which could mean a retest of the high which was at a very substantial figure.
This area has held well in the past but a break here would warrant the ESLT to be used.

The next fibonacci extension is at former resistance clustering with a fibonacci retracement level.

As always please do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The AA for Aussie Canadian from the 12th.

Good afternoon Dynamic Traders,

Today I am reviewing the AA trade of the AUDCAD mentioned last Tuesday.

Price action has been holding in the consolidation range since bringing this to your attention with resistance just north clustering at the DT formation and figure with no BOB.

All the criteria were in place but a possible slight pause for breath has occurred before the move I was expecting could happen.
Perhaps this will still occur but a more conservative approach could be use of the ESLT on the BOB should this happen.

Depending on your stance you are either in this trade with some profit depending on management or awaiting an entry.
If it is the second option put this on your watchlist as further upside is available and entry off your lower timeframes could be fruitful.

As always please ensure to do your own analysis.

Charts courtesy of TradeStation.

Good trading.

Clayton Farnworth.

Possible AA for Aussie Canadian.

Good afternoon Dynamic Traders,

Today I want to bring your attention to the possible long trade developing on the AUDCAD daily timeframe.

This is nearly in the position to trade and whilst doing your own analysis you will find the missing criteria.
As such you will have to be patient and wait for this but if and when it happens a long trade could be triggered.
Reading alittle more into this we could be starting W5 and please be aware of resistance just north in the form of the fibonacci figure, the figure itself and previous resistance, all clustering together, therefore after doing your own analysis if you decide to take the trade manage it accordingly.

For those of you who know this way of trading, you will see that one essential criteria is not occuring as yet and with the 'Dynamic Trader' rules should know to wait for everything to be in place before analysing again to make the decision taking into account the previous R/S/T factors.

Charts courtesy of AdvancedGet.

Have fun trading.

Clayton Farnworth.

The Aussie Canadian Dollar.

Good afternoon Dynamic Traders,

I hope you are all well and enjoying your trading week.

Todays chart on the daily timeframe for you to analyse, is the AUDCAD.

Whilst doing your own analysis on this cross you will see that it has recently popped up through the V.I. on its second attempt and has now got to contemplate the former resistance at the figure.

It has been in this range since early October but is getting closer and closer to the squeeze end.
I am keeping this pair on my watchlist to await to see what happens at the resistance, as at present it does have several OB indicators in its collection but what appears to be gaining strength.

Whether we drop to the trendline or further or push north is anybodies guess and so as is the norm, exercise patience with this currecy but keep an eye on it.

The lower timeframe (hourly) may just have done a 123 and could be used for a possible entry if trading intra day.

Charts courtesy of TradeStation.

Have fun Trading.

Clayton Farnworth.

Aussie Loonie

Good evening Dynamic Traders,

After seeing the e-mail from Javid and Anne, may i reiterate what the other blogger contributors have written by thanking the readers of the blogs for their kind words to us which is very nice indeed and wills us on to try and keep being of assistance if we can for anyone who is interested.

Tonights chart is of the AUDCAD, which has been falling from July to October, retraced to our higher breather level by early January( which actually closed above this but didn't trigger an entry with ESLT on the BOB) and since then has been coming down again, giving a possible bearish flag break on the weekly timeframe.

On the daily chart below we have re-entered the sell zone of the DD whilst RSI is below 50.

I am watching the 4 hour timeframe for confimation but will enter by our rules of DD alone, if it goes that way tomorrow.

As always please do your own analysis, and always manage any entered trades well.

Charts courtesy of TradeStation.

Good Luck,

Clayton Farnworth.

Which way ?

Good evening Dynamic Traders,

As usual I hope you are all well , and managing any trades according to your plan.

Tonights chart, the AUDCAD , will give you all a little 'Homework'. As you can see , the price is standing at a former R/S level to make a DT , this level is also a former R/S level on several occasions previously. As I write , it looks to be forming a spinning top ( but the day is not finished ) , also take note of the tagged RN.
We have divergences on on several timeframes, however I feel there may be exceptions to every rule. If this does go northwards , use your ESLT on the BOB , otherwise trade it by your rules for a DT. This one is going to be interesting .

As always please do your own analysis before entering trades.

Clayton Farnworth.