Buying the CAD (28/10/2014)

A lot of the trades we have shown yesterday such as sell EURAUD buy USDJPY, seem to to be going that way and can still follow them now. Overall picture today shows opportunities in and buying the CAD

Looking at the simple form with percentages of Trend/Wave/Extreme indicator.

Buying the CAD

  • Getting alerts to buy CAD (buy currencies where CAD is base and sell pairs where CAD is quote)
  • Canadian Dollar seems to be gaining power against most of the pairs.

 EURCAD Sell( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicatorBuying the CAD

  •  Trend bar is pointing down showing down trend
  • Wave and Extreme bars are overbought pointing an up correction that may be finishing
  • A strong down move
  • An up correction of 140 pips that seems to have finished and the down trend resuming

NZDCAD Sell( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicator

Buying the CAD

  •  Trend bar is pointing down showing down trend
  • Extreme bars is overbought pointing an up correction that may be finishing
  • A strong down move
  • An up correction of 140 pips that seems to have finished and the down trend resuming

CADJPY Buy( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicator

Buying the CAD

  •  Trend and Wave bars are pointing up showing up trend and momentum
  • Extreme bar is oversold pointing a down correction that has finished
  • A strong Up move

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme  . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.