Trader colleagues , in this article i'll steal a little of your time (no much, time is money! ) for a look on USDCAD and his seasonality.
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…