{"id":1109395,"date":"2019-04-05T18:00:38","date_gmt":"2019-04-05T18:00:38","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=1109395"},"modified":"2019-04-05T18:00:39","modified_gmt":"2019-04-05T18:00:39","slug":"canadian-dollar-may-be-setting-up-for-an-upside-breakout","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1109395","title":{"rendered":"Canadian Dollar May Be Setting Up For An Upside Breakout"},"content":{"rendered":"
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\nApril 4, 2019
\nChris Vermeulen
\nTheTechnicalTraders.com<\/a><\/span><\/div>\n<\/div>\n<\/div>\n

Our researchers, at Technical Traders Ltd., believe a current pennant\/flag formation in the Canadian Dollar is suggesting an upside breakout move may be setting up over the next 5~7+ days.\u00a0 Recently, the Canadian Dollar has weakened from 0.76875 to lows near 0.74375.\u00a0 Current price rotation is almost perfectly aligned with Fibonacci Price theory suggesting that the recent failure to establish any new lower price level (highlighted on this chart in MAGENTA), suggests a tightening price range as the current pennant\/flag formation completes over the next 5~7+ days.\u00a0 It is our belief that as long as the current price level stays above the 0.74375 level throughout the completed pennant apex, an upside price break is very likely.<\/p>\n

Skilled traders may look at this opportunity for an incredible 200+ pip upside price swing.\u00a0 We believe the current downward price trend will be the last opportunity to target lower prices before the upside breakout occurs.\u00a0 The next 3~5 days will likely see prices move a bit lower, targeting the lower support channel before the breakout rally begins.<\/p>\n

\"\"<\/p>\n

Interestingly enough, this move in the Canadian Dollar aligns with our Gold\/Silver research suggesting an April 21~24 date as a major bottom\/basing date.\u00a0 Could it be that some currency fluctuation or global market event will drive bigger moves in many of the major currencies while pushing traders into the precious metals markets at the same time?\u00a0 We\u2019ll know more as we get closer to the April 21~24 date, but right now we believe all the tea leaves are aligning for some type of bigger move in later April and skilled traders should begin positioning their trades accordingly.<\/p>\n

If you want to learn how valuable a team of dedicated researchers and traders can be to your bottom line, visit\u00a0www.TheTechnicalTraders.com<\/a><\/strong>\u00a0to learn how we can help you find and profit from these moves.\u00a0 We believe you won\u2019t find anything like our proprietary research and trading triggers anywhere else on the planet.\u00a0 Do yourself a favor and read some of our recent research posts to see just how valuable we can be to your future \u2013 then consider supporting our team and effort to assist you.<\/p>\n

Chris Vermeulen
\nChief Market Strategist<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

April 4, 2019 Chris Vermeulen TheTechnicalTraders.com Our researchers, at Technical Traders Ltd., believe a current pennant\/flag formation in the Canadian Dollar is suggesting an upside breakout move may be setting up over the next 5~7+ days.\u00a0 Recently, the Canadian Dollar has weakened from 0.76875 to lows near 0.74375.\u00a0 Current price rotation is almost perfectly aligned […]<\/p>\n","protected":false},"author":1,"featured_media":689340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[559,4,373,858],"tags":[2269,375,338,374],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1109395"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1109395"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1109395\/revisions"}],"predecessor-version":[{"id":1109396,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1109395\/revisions\/1109396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/689340"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1109395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1109395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1109395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}