Very funny ... 5 US data has been released ... yet loonie doesn't make much moves. I'd guess they all went for early christmas !
Others don't wanna post their charts ? I wonder ...
Others don't wanna post their charts ? I wonder ...
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DislikedVery funny ... 5 US data has been released ... yet loonie doesn't make much moves. I'd guess they all went for early christmas !
Others don't wanna post their charts ? I wonder ...Ignored
DislikedVery funny ... 5 US data has been released ... yet loonie doesn't make much moves. I'd guess they all went for early christmas !
Others don't wanna post their charts ? I wonder ...Ignored
Dislikeddear VennD,
based on the US Bad data recently...
actually what PA that it should be ?
I not understand yet the correlation between data and chart.
normally CAD move up or down?
pls.give me the explaination,TQIgnored
Dislikedit looks like there is a double bottom at 0.9890 and it breaks 0.9935 (the weak resistence to reject the first time attemp up from 0.9890 yesteday), but it still need to back 1.0000 level to confirm the double bottom is successful for further up.Ignored
Disliked5 US data released . Overall favouring USD so ... buy usd/cad. Don't you see the technicals ? But if chase the price ... hehehe
1.0051 targetIgnored
Dislikedyup the tech double bottom 9891-5...
but with the BAD data (minus than forecast) :
why Overall favouring USD so ... buy usd/cad.?
bad is mean the usd should be weakness,isn;t it?
is mean the CAD get strong with moving down againts usd?
confused :-(Ignored
Dislikedyup the tech double bottom 9891-5...
but with the BAD data (minus than forecast) :
why Overall favouring USD so ... buy usd/cad.?
bad is mean the usd should be weakness,isn;t it?
is mean the CAD get strong with moving down againts usd?
confused :-(Ignored
Dislikedwhat data are you refering to ? Mine ... overall favouring usd. I don't know about the one that haven't release.Ignored
DislikedBecause USD also consider sort of safe heaven (especially SNB intervent CHF and BOJ keep bullshit may still threat some investors). When USD has bad data, it is more likely to favour USD these days...
On the other hand, BOC (Bank of Canada) keeps complaining strong CAD weak their export, i do not think they will do any intervention but they are definitely unhappy when USD/CAD is lower than 1, they also always complain weak US economy will have bad effect on Canadian economy, ect.. it is kind of complicated to analyze US data..
However, if you want...Ignored
Dislikedvery apprciated for your advise Yuchen.
it's added my knowledge how to trd FX with the right way.
thank youIgnored
Dislikedno problem, good luck and enjoy your trading..
Make sure you have safe money management, trade with small lots !!Ignored
Dislikedyeahhh...it's my LAST 'bullets' from my saving funds.
as a widow with 1 girl were very struggle in life.
I do have a MINI account which started in a bad trd.
I've lost 15% already ! even with small lots...just 0.1 lot ! LOL
meanwhile to hit & open potition...are scary to me atm.
so why I still must learning from the expert like you or other ppl.
just moment ago,
i see in my chart that 0.9975 was a resistant also from the recently drop.
and in 5 minutes chart,seem CAD's double TOP & see the oil is moving up.
why I don;t hit sell from 0.9970 ?...Ignored
Dislikedit looks like there is a double bottom at 0.9890 and it breaks 0.9935 (the weak resistence to reject the first time attemp up from 0.9890 yesteday), but it still need to back 1.0000 level to confirm the double bottom is successful for further up.Ignored
DislikedI'm not sure a 40 pip move upwards counts as a "retracement" of any measure. In other words, I would consider the price to have been in consolidation this whole time, and not consider 0.9890 to have been hit "twice."
Bottomline, further downwards movement is still possible before a major upwards retracement.Ignored
DislikedFF obviously !!!
Actual > Forecast = Good for currency
8:30am USD Core PCE Price Index m/m
0.0% 0.1% 0.2% = buy usd/cad **
8:30am USD Employment Cost Index q/q
0.3% 0.6% 0.7% = buy usd/cad **
8:30am USD Personal Spending m/m
0.6% 0.6% 0.2% = sell usd/cad **
8:30am USD Personal Income m/m
0.1% 0.4% -0.1% = sell usd/cad *
the actual were minus = bad for currency?
bad mean usd weakness, isn't it?
weak against cad, mean cad...Ignored