We maintain the same bearish outlook.
The possible head & shoulders on 240m chart is supportive
The possible head & shoulders on 240m chart is supportive
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Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
USD/JPY - USD/CAD any thoughts? 4 replies
CAD export / USD/CAD price 3 replies
DislikedUSD/CAD - D1 downtrend in place. Set a price alarm at 1.2780. Overall potential is excellent if the W1 downtrend forms.Ignored
Disliked{quote} Yes, good advice thanks, USD is very mixed right now with USDCHF and USDJPY trying to go UP ? And AUDUSD and NZDUSD also trying to go UP ? not possible for long EURUSD and GBP could go either way Hence the price ALERT only, can't give trade advice anyway What news on the CMSM my friend? I had another thought about the settings where you said they should be higher to screen out weaker pairs.... But when trading a basket, we should include all signals as the more pairs in the basket, more chance there may be a "runner"? That is, the weak signal...Ignored
DislikedMay want to pay attention to this as there is money to be made on cad as nafta deal is nearing and boc will hike as cpi came out very good. I'm going long cad/jpy. I don't normally swing trade safe haven currencies but I believe cad will over power jpy and all this wall street chaos will die down soon. {image}Ignored
Disliked{quote} NAFTA deal is a bit overdone at the moment and being over shadowed by the latest tariff news out of China. Risk off sentiment back in the air. Oil selling off as well. The best laid plans of mice and men. Technically, why would anyone be buying into the supply area? If I were a buyer (which I'm not), I would be waiting for a break of 83.50 then getting long on a retest. A rejection as is happening now makes the buy zone 100 pips lower around the 82.15-82.35 area {image}Ignored
Disliked{quote} NAFTA deal is a bit overdone at the moment and being over shadowed by the latest tariff news out of China. Risk off sentiment back in the air. Oil selling off as well. The best laid plans of mice and men. Technically, why would anyone be buying into the supply area? If I were a buyer (which I'm not), I would be waiting for a break of 83.50 then getting long on a retest. A rejection as is happening now makes the buy zone 100 pips lower around the 82.15-82.35 area {image}Ignored
Disliked{quote} The risk off sentiment helped provide a pullback for yesterday's gains which I got in on. Traders seem to be taking positivity from nafta but the trade war is going to tie the arms of poloz {image}Ignored
Disliked{quote} In my opinion the CAD spike across the board had nothing to do with NAFTA or trade tariffs news. The DOW rally got the party started but the real fuel for this move was more likely the oil inventory print and the subsequent 2% spike in oil prices. {image} {image}Ignored
Disliked{quote} It wasn't the inventories that caused it alone. Tensions were eased between the US and China. Also nafta news has been flying about. You also have to remember that the recent cpi result came out very good.Ignored
Disliked{quote} I agree with you. It's a pretty dynamic situation at the moment. Personally, I think most of the "tensions" are blown out of proportion. Just excuses or more like opportunities for smart money to move the market. The same players who are buyers suddenly are selling 100 pips down on tariff news. Then suddenly the world is back to marsh mellows and rainbows and they are buying again. As a technician, I just wait for the market to move into my buy/sell zone. How and why it gets there in most cases is irrelevant to me. Cheers and safe trading...Ignored