Ichimoku Cloud Analysis – USDCAD Forecast Today – Kiana Danial Invest Diva

by birtanpublished on September 2, 2020

Hey guys welcome to today's Ichi mocha cloud analysis for the dollar cab hair my name is Ken Daniel I'm the founder of the invest Eva movement and today we'll take out the dollar cab hair for a bunch of reasons as you know I have this method of analysis for all assets it's

Called the invest diva diamond analysis right for that for any asset I look at the markets from five different points fundamental technical capital which is very specifically your unique miss tolerance market sentiment and then

Overall all of them together they point to this diamond so that is the system that I use for my own strategies which is award-winning and we love it and so today I'm looking at the dollar cad pair because first of all we had some a

Positive news out of the US which kind of made the US dollar stronger and then we had some negative news out of Canada which may I can't a Canadian dollar weaker which is the perfect combination for a bullish momentum in a pair like

Dollar hat and and tomorrow we have more fundamental data out of Canada and which is specifically their consumer price index we're gonna look how that is gonna pan out but I also had another really awesome indication which was based on

Each team of who finally had an eg moku bullish confirmation on the daily try self let me show you exactly what I'm talking about I'm gonna switch to the chart and here you can see my dollar cad pair first I'm going to show you the

Doll of the the daily chart as you can see here we have the HMO cloud in the future is actually kind of bearish but it just we had the confirmation the confirmation as I talked about it in my book is when we have when the

Candlestick actually opens above a level so in this case the level is not only the hmm achill cloud through the upper band of HMO cloud but it's also a key pivot level so this is a confirmation about the cloud and because of so first

Of all with with HMO we normally expected to temporarily pull back a little bit towards the upper band and this is further strengthened that this analogy by triple curl or the black hair that we

See here we have they're very very strong bullish momentum here that we expected to slow down as we get into the Asian session for Wednesday which kind of confirms our view on a permanent you know point of view but we also have

Another thing going on for us we've been observing this double bottom from back in July so we have a super not retracement level tracing this downtrend that started back in May and in July and then the pair went on to form this

Potentially form this double bottom we still don't have the confirmation but now at least we know that it is on its way right the neckline of the stubble bottom falls perfectly on the 61 person that you trace the level over here

So basically we're expecting is that the pair could pull back temporarily towards one three to five five and then it could continue a march up towards the neckline or 61 percent finish raising the level of one point three three four five

Alright so this could take a while and another thing that I wanted take a look at is if you zoom out we can see that the HMO cloud on the monthly basis actually acting as a support is a perfect support everywhere a long time

Since 2008 actually for very long longer than that but the upper band is just very nicely I think as a support over here so basically we're having further bullish indication over here as well which is interesting because President

Trump does not like a stronger US dollar but here we have that kind of indication now I do want to mention that the reason why I'm sharing this with you is not because I trade Forex I do not trade Forex anymore ever since I became a mom

I stopped trading Forex I do believe in technical analysis and one of the best practices if you want to learn technical analysis on Forex charts because just has so much volatility that gives you tons and tons of tons of practice so

That's the reason why I've been sharing my Ichimoku analysis with you guys on the Forex charts but also I've been doing this kind of analysis my broker name tick mill I mean I make videos for them every day and I've

Decided to share my analogy with you guys live as I do the technical analysis before I actually go and film the professional video for this broker I hope you loved it and let me know what else you see on the dollar cat hair are

You trading it do not trade Forex what do you think of technical analysis what do you think of it you mock a lot have you read my book its remoter secrets if you haven't I definitely heard you to go ahead and read it I will leave the links

To get my book down in the description area and if you like this video of course go ahead and share with your friends comment like it let me know what you thought of it and if you haven't already subscribed to my new channel

This is my new youtube channel go ahead and click Subscribe and hit on the notification button because I've been at the site I'm dedicated to publish one video per day at least this is actually going to be a second video so you don't

Want to miss out other things I'm gonna publish is like these are going to be really really awesome stuff so I'll see you again tomorrow invest responsibly and don't forget to make your money work for you

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