I was thinking to start a new thread where I will post my analysis of various currencies time to time. I am uniquely trading out of the daily charts. So if you, the reader, seeks scalping momentums get that in the superb Auslanco thread or another example might be . I am shooting anywhere between 400 to 3000 pips in a trade.
Let us start. Interesting pair is the USDCAD right now.
Watch pic. Tells everything. The orange is the 365 MA. My current goal that's approximately 600 pips off. MACD turned upward. The grey is a trendline. Bounce back from there. USD strengthens across the board so that might encourage my bullish notion.