The Forex Pattern, Price & Time Report – USD CAD – Midsession

The USD CAD Main Trend is up with an old Main Top at 1.1813 and a 50% price at 1.9222 reasonable upside targets. 

The USD CAD Main Trend is up with an old Main Top at 1.1813 and a 50% price at 1.9222 reasonable upside targets. 

The higher-top, higher-bottom formation is a good sign of more upside potential.  Breaking through a retracement zone at 1.1298 to 1.1419 is another sign of higher markets to follow. 

The daily chart indicates that there is plenty of room for this market to run between 1.1419 and 1.1922.

The hourly chart indicates an uptrend with a new Main Top formed at 1.1555.  Based on the hourly swing of 1.1355 to 1.1555, look for a pullback to 1.1455.

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More

Disclainer: