USD/CAD Daily Video, April 10, 2018

[Sive Morten]

Good morning,

Loonie successfully resolved problem of daily K-support and moving down:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Venelin]

Hi, this week and next week close will give us a clue for potential weekly stop grabber, which could not hurt Monthly stop grabber. Also XOP target at 1.3163 from 1.2244 AB=162%CD not met, which will play nice with weekly grabber hitting it. Just my 2 cent:

 

[Sive Morten]

Hi, this week and next week close will give us a clue for potential weekly stop grabber, which could not hurt Monthly stop grabber. Also XOP target at 1.3163 from 1.2244 AB=162%CD not met, which will play nice with weekly grabber hitting it. Just my 2 cent:

Yes, technically some deep upside retracement should happen sooner or later. May be it will be triggered by what you've mentioned.