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jnfer Jul 29, 2016 12:38pm | Post# 10401

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What do you think??
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trademark Aug 1, 2016 1:30am | Post# 10402

The USDCAD bounces from the 55 day EMA trying to reach the 1.3100 level.

dianajs Aug 1, 2016 10:41am | Post# 10403

It has almost reached it. If it breaks above it and continues rising next target is likely 1.3220.

KeenPips Aug 1, 2016 11:21am | Post# 10404

Possibility of a role flip off the monthly pivot (MP). Price has tested the MP, an area in confluence with a S/R zone on the 4H time frame, and has pushed to the upside.

KP

dianajs Aug 2, 2016 10:52am | Post# 10405

The pair rebounded from 1.3140, but the drop once again ended at 1.3000 and it appears that the pair has formed a double bottom there. I expect a new move to the upside.

Marz30 Aug 2, 2016 11:22am | Post# 10406

The pair rebounded from 1.3140, but the drop once again ended at 1.3000 and it appears that the pair has formed a double bottom there. I expect a new move to the upside.
How far to the upside

dianajs Aug 3, 2016 10:57am | Post# 10407

{quote} How far to the upside
I expected it would reach 1.3160 - 1.3180, but it rebounded from 1.3150. More importantly, it formed a hanging man candlestick on the daily tile frame below the same resistance level. I think next target is 1.3000 again, especially if it breaks below 1.3080.

andoseg2 Aug 3, 2016 11:01am | Post# 10408

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Long term view for USD/CAD :

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Marz30 Aug 3, 2016 8:33pm | Post# 10409

IMO there is too much manipulation in the oil futures market to know the direction and CAD has a positive correlation most of the time. Oil started selling off to start the off the month and was supposedly in a 'bear market' only to rally 4% in todays US session even after an inventory build. That literally makes no sense at all and is up another 1.5% in the asia session intraday with no news all of this to push stocks higher by the FED and its minion banks.

Davit Aug 3, 2016 8:58pm | Post# 10410

IMO there is too much manipulation in the oil futures market to know the direction and CAD has a positive correlation most of the time. Oil started selling off to start the off the month and was supposedly in a 'bear market' only to rally 4% in todays US session even after an inventory build. That literally makes no sense at all and is up another 1.5% in the asia session intraday with no news all of this to push stocks higher by the FED and its minion banks.
Hi Marz
Oil is exchanged based on USD when USD weakens oil goes higher and opposite true.This is an additional factor other then supply and demand.
regards

Marz30 Aug 3, 2016 9:44pm | Post# 10411

{quote} Hi Marz Oil is exchanged based on USD when USD weakens oil goes higher and opposite true.This is an additional factor other then supply and demand. regards
Agree with you here but this doesn't happen all the time. Dollar was strong today and oil rallied, dollar was weak to start the week and oil sold off. This manipulation is documented every day it happens on Zerohedge whether the FED ramps the markets through the USD/JPY or oil futures depending on which correlates with the S&P so its subject to change lol this is such a shit show.

Davit Aug 3, 2016 9:53pm | Post# 10412

{quote} Agree with you here but this doesn't happen all the time. Dollar was strong today and oil rallied, dollar was weak to start the week and oil sold off. This manipulation is documented every day it happens on Zerohedge whether the FED ramps the markets through the USD/JPY or oil futures depending on which correlates with the S&P so its subject to change lol this is such a shit show.
I find more "manipulation" (could be scared money going to high yielding currencies) on Aussie to be honest.Every recent data is red and even after rate cut still pushing north.This should be at 73 minimum.
Still time until the end of August
Agree oil swings are erratic.
AC for example is at delirious levels should dive at least 300 pips south.

dianajs Aug 4, 2016 5:06am | Post# 10413

USD/CAD tested 1.3030, but it formed a hammer and an inverted hammer candlestick above that level on the four-hour time frame. I think that may have been the end of the current move to the downside.

Ziko9o8 Aug 5, 2016 10:25am | Post# 10414

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- Not as usual, this thread is sleeping during this interesting moment.

- Anyway, looking for 1.34 to close some.
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Geppy Aug 5, 2016 5:11pm | Post# 10415

Why USD/CAD is set to soar!

good read here: http://www.forexmademillionaire.com/usdcad-will-soar/

mamalujo Aug 5, 2016 5:23pm | Post# 10416

Why USD/CAD is set to soar! good read here: http://www.forexmademillionaire.com/usdcad-will-soar/
i'm with you on this trade geppy, only wish i got in yesterday at 1.3000

Geppy Aug 5, 2016 6:36pm | Post# 10417

{quote} i'm with you on this trade geppy, only wish i got in yesterday at 1.3000

arigoldman Aug 6, 2016 8:48am | Post# 10418

Neutral at this point.

pipsnatchin Aug 6, 2016 6:17pm | Post# 10419

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This is what I've come to conclude....can anyone tell me why this is incorrect, IF it is???
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bladerogers Aug 7, 2016 1:34am | Post# 10420

This is what I've come to conclude....can anyone tell me why this is incorrect, IF it is??? {image}
And how do you expect someone to know with any real degree of certainty? It's a possibility, just like any other. indicators on higher time frames tell me it's unlikely to play out that way, but again, that is simply my own perception of technicals. There are no crystal balls here, even though some may seem to think they are the next best thing. Good luck.


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