USDCAD Retesting Weekly Chart Triangle/Downtrend Resistance

The USDCAD rebounded nearly 150 pips yesterday, and is now retesting downtrend/triangle resistance (on the weekly chart). Significantly, the USDCAD has held the 1.3-1.31 range as part of its major bottoming effort, and appears poised to retest the September high following the US election results soon after Nov 3. Healthy profittaking can be expected to kick in these next few days as the USDCAD bumps up against what may become upchannel resistance (on the 4hr chart). Congratulations to readers who profited fromthe Sep 15th alert of the weekly chart descending wedge completion. The weekly and daily RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am flat after profitably closing longs yesterday and am looking to re-enter long in the green zone (of the daily chart), targeting the red zone for Wednesday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

USDCAD Weekly/Daily/4hr

USDCAD Technical Analysis

Click here to read todays technical analysis of GBPAUD, VIX

Cross Asset Year End Technical Analysis Webinar

Date:Dec 1, 2020 Tues 10am EST

Host:Interactive Brokers

As this eventful year comes to an end, traders are looking ahead to 2021 with some economies expected to reopen, while others remain closed. Given some financial industry titans were caught off guard in 2020 by not anticipating the March global equities selloff, and more than a few missing the record breaking gains since, traders have increasingly asked how they could have better predicted either move. To cut through some of the media noise around the impact of Covid-19, Tradable Patterns Darren Chu will comment on potential trend reversal and momentum opportunities going into the new year. Darren will apply technical analysis to the monthly and weekly charts of the most widely traded markets in his futures and FX Watchlist, as well as to Bitcoin and a basket of US mid and large cap equities. The audience will have an assumed intermediate level understanding for technical analysis, futures, FX, Bitcoin and equities.

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Bitcoin (BTCUSD) Nears Upper End of 2 Month Consolidation As Election Nears

Bitcoin (BTCUSD) is nearing its 2020 high ahead of the highly anticipated US election Nov 3, with increasing expectation for a contested resultalong with rising institutional adoptiondriving inflows into BTCUSD, offsetting recent pressure from concerns over security/regulatory risks at centralized crypto exchanges like Kucoin, Bitmex and OKEX. Get thelatest Bitcoin biweekly commentary(published Oct 20)withICE Futures Singapore.

Bitcoin/DeFi Webinar Now Available

Honoured to share the stage withApollo CapitalandIntercontinental Exchangein discussing whatDeFistremendous growth means forBitcoinand broadercryptoadoption.

Crypto Weekly Outlook

Crypto Weekly Outlook

Coffee Daily

Get your coffee today? You can now enjoy your brew withCoffee Daily – Tradable Patterns’ Arabica and Robusta Coffee Futures technical analysis newsletter,published Monday to Friday before the London open. Write toinfo@tradablepatterns.comfor pricing details and sample reports as of the July 13 launch, illustrating how the massive moves since were hinted through pattern recognition.

Coffee Daily

Equities & ETFs

Latest trades published for Premium Members Oct 8th.

Equities & ETFshas taken on a new format where it is now an Entries/Exits style service inspired by technical analysis on a collection of equities and ETFs.The 25 equities and ETFs initially profiled for their beaten down, trend reversal potential, between April 17 to May 22, 2020, have mostly ran up tremendously since then, and are assumed to be closed trades as of June 10th using the day’s opening price.Congratulations to allPremium Memberswho profited from these long equity/ETF ideas soon after they were initially profiled.

I will look to explore newlong/shorttrade ideas on Equities & ETFs withPremium Memberswith a target of 5 multi-week to multi-month swing trades each month.Premium Membersalso have access to monthly and weekly chart technical analysis for 5 Equity/ETF markets each Saturday.

Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers ofTradable Patterns‘ technical analysis.As seen onBloomberg,Refinitiv,FactsetandInteractive Brokers, readers include global top 10 investment banks.If you represent an institutional investor or potential distribution partner, write toinfo@tradablepatterns.comto request Bloomberg, Refinitiv and Factset readership reports.

Also seen onFT (Financial Times),Interactive Brokers,ICE Futures Singapore,Amazon, Zerohedge,CNA,Spotify,Liquid (Quoine),Tradable Patterns ( 4 newsletters:Today’s Top 3 Trades,Equities & ETFs, Coffee DailyandCrypto Weekly Outlook.

Today’s Top 3 Trades, Equities & ETFs, Coffee Daily, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.

Before the launch of Tradable Patterns , Darren Chu, CFA, served as IntercontinentalExchange | NYSE Liffe‘s country manager for Australia, India, and the UAE between July 2010 and January 2014, expanding his role to look after Liffe business development in APAC ex-Japan/Korea until his departure mid April 2014.  His primary remit was developing relationships with Liffe clients, prospects and partners in the buyside (traditional and alternative asset managers), proprietary trading (high frequency algo as well as manual, point and click traders), bank, broker (institutional and retail), commodity trader and ISV community.  Key futures and options promoted included European/London rate benchmarks such as the Euribor, Short Sterling, Gilts, London/European index futures including the FTSE and CAC, London soft commodities (Robusta Coffee, Cocoa, White Sugar), Paris (MATIF) markets (Milling Wheat, Rapeseed), and NYSE Liffe US markets with the MSCI EM, MSCI EAFE, gold/silver, Eurodollar, US Treasury and GCF Repo futures being the focus.

Previously, Darren was with the TMX Group | Montreal Exchange for 4 years, marketing Canadian futures and options across North America, London, Singapore and Hong Kong.  Darren also launched and managed CMC Markets Canada‘s Chinese marketing and sales team, along with educational offering.  On the academic trail, Darren has been a frequent guest speaker at Canadian universities as well as an author of content for 3 derivatives courses offered by Canadian Securities Institute and mandatory for licensing of Canadian derivatives industry professionals.

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