USD/CAD Consolidation [Bearish Tendency]

2020年6月29日

Full Analysis for USD/CAD:

Technical Analysis:
- Monthly:

• Bearish Trend.
  
• Rejected the 76.8% Fibonacci Level.
  

- Weekly:

• Still on Bullish Trend .
  
• Keeps Retesting the (50%) Fibonacci Level.
  
• Ranging Between 1.350 and 1.365
  

- Daily:

• Entered the Consolidation Zone with a current bullish Trend .
  
• Currently Retesting The Weekly Resistance.
  
• Ranging Between 1.355 and 1.365
  

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Market Sentiment:
- Position Ratios:

• 53:47 Bull:Bear Position Ratio (- Hesitation between the daily traders -)
  
• 25:25 Profit:Loss Bull Position Ratio (- Stop Loss Hunting Might hit the 1.360 -)
  
• 8:38 Profit:Loss Bear Position Ratio (- Stop Loss Hunting Already Triggered at 1.369 -)
  

- Orders Volume:

• 2.7% Net Sell Stops at 1.360
  
• 1.6 Net Buy Stops at 1.371
  

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Commitment of Traders: (Non Commercial)
- Long Positions:

• Net Long Position Volume Decreased from 58198 to 43686. (- Since May 19 2020 -)
  
• Average Decrease of Long Position with around 2400 / Week.
  
  • 
    
    - Short Positions:
    
    • Net Short Position Volume Fluctuated between 23142 and 22852. (- Since May 19 2020 -)
      
    • Average Fluctuation showing a Hedging reposition between the 1.40 and 1.33. (- With an increasing Lower Net Shorting -)
      
      • 
        
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        Forecast:
        - Daily:
        
        • Bearish Movement to reach 1.36 (- Stop Loss Hunting -)
          
        • One More retest of the 1.37 (- Stop Loss Hunting -)
          
          • 
            
            - Weekly:
            
            • End of the Partial Bullish Trend to Enter a Consolidation Area.
              
              • 
                
                - Monthly:
                
                • Further Bearish Movement that might retest the Historic 1.30.
                  
                  • 
                    
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                    This Analysis is considered as a personal opinion and overview over the market.
                    Trade Wisely

2020年7月28日

トレード終了: 利益確定目標に到達