Seasonality?! Don't forget that men do always same things, and currency too , i hope , but stop talking and go on. (sorry for my english , i know...)
First chart , USDCAD daily from 01 April - today
Surely setup of this cross is bull , in medio-long term , but we try to forecast a possible trend in the next weeks, start from this period but back in time! in these last seven years.
Second chart, USDCAD average 7 years 2009-2015 , 01 April - 31 August
It sounds familiar ?! This trend feature USDCAD from seven years in the same period , 1 April to 31 August. You not belive me?
Ok, i show you the next chart..
Third chart , USDCAD WEEKLY 2009-2016
How you can see from that, the seasonality is clear, not same al 100% but similar almost enough.
My idea "We be in a movement like "Cup and handle" in long term , and now we are on base of possible handle!"
This signal may be the start of a new trend long!
Of course , colleagues , the seasonality not is a cristal ball! But i believe that we should spent few minutes and think on "possibility " to risk little…