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  • Canadian Dollar Price Outlook: USD/CAD Coils After Loonie Breakdown

    From dailyfx.com

    The month of March was a big one for USD/CAD, and there were a number of as an extreme dose of risk aversion pushed a flight-to-quality in the US Dollar; and numerous actions taken at the Bank of Canada helped to continue the theme of Loonie weakness that’s been so present through 2020 trade so far. While the US Dollar had gained as much as 8.8% last month, USD/CAD had moved up by as much as 10.2%; highlighting that additional CAD weakness that helped to push USD/CAD up to a fresh four-year-high. The pair came very close to taking out the 17-year-high, falling around 21 pips short of re-testing that level before ... (full story)

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  • Post #1
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  • Apr 3, 2020 7:18pm Apr 3, 2020 7:18pm
  •  herewardwake
  • | Joined Mar 2020 | Status: Member | 189 Comments
How much of the CAD depends on the clink in this picture?

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  • Post #2
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  • Apr 3, 2020 8:52pm Apr 3, 2020 8:52pm
  •  b_hand
  • Joined Sep 2012 | Status: Member | 78 Comments
USD/CAD need to drop for filling the gap
1
  • Post #3
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  • Apr 4, 2020 6:19am Apr 4, 2020 6:19am
  •  YYZ
  • | Membership Revoked | Joined Nov 2019 | 122 Comments
That little gap a month ago? meaningless. EURUSD gap was unfilled 3 years...
2
  • Post #4
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  • Apr 4, 2020 11:45am Apr 4, 2020 11:45am
  •  vikinsa
  • | Commercial Member | Joined Oct 2019 | 146 Comments
USDCAD has a monthly double top and cypher pattern. So it is expected to go down. However before falling down, there are chances that it may go back up. That means we can better shorting opportunity if we are looking for one. It is creating a lot of patterns to give us great opportunities. Here is my full top-down analysis:

Inserted Video
  • Post #5
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  • Apr 4, 2020 12:53pm Apr 4, 2020 12:53pm
  •  vanca
  • Joined Dec 2016 | Status: Member | 2 Comments
Quoting YYZ
Disliked
That little gap a month ago? meaningless. EURUSD gap was unfilled 3 years...
Ignored
EURUSD gap ate so many accounts back there, fortunately iam not “gap must be filled” trader
1
  • Post #6
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  • Apr 5, 2020 12:41am Apr 5, 2020 12:41am
  •  YYZ
  • | Membership Revoked | Joined Nov 2019 | 122 Comments
Quoting vikinsa
Disliked
USDCAD....It is creating a lot of patterns to give us great opportunities: https://youtu.be/Qi7dlk1AbP8
Ignored
so which pattern to chose of so many ( a lot ) ? Each pattern can be right or wrong...
  •  Guest
  • | IP XX.XXX.201.220
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  • Story Stats
  • Posted: Apr 3, 2020 4:12pm
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 6  /  Views: 13,559
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