Dislikedfinancial monetary policy geezers will turn this pair bullish this week target 1.2540Ignored
Don't Worry Be Happy
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
Dislikedfinancial monetary policy geezers will turn this pair bullish this week target 1.2540Ignored
Disliked{quote} Not taking the trade just because there is divergence. Two weeks of higher highs with higher lows on the 4H, sentiment change, some fundamental reasons, and the negative correlation with oil has broken which tells me the potential is to the upside. Buy low sell high. But I do get what your saying. Technically, even by my own analysis, there isn't a breakout until daily price closes above the 34 EMA (that's always been one of my favorite dating back to Raghees Horner's book and the "Dave" wave) and here it has been a good resistance level...Ignored
Dislikedlooks like it might go back to 1.30 as the market realizes that there will be no more rate hikes this year the economy is very bad in CanadaIgnored
DislikedTechnically the USDCAD is operating in an ascending channel....on the H4 time frame the current price action is at the 61.8 Fib zone of the drop from the high of August 15, 2017 to the low of September 8, 2017. So a retracement southward is likely to be in the offing....{image}Ignored
Dislikedsupport is at 1.2450, so you can buy with a stop below this levelIgnored
Disliked{quote} i think there is some room further down than that honestly.Ignored
Disliked{quote} I like it! I am waiting as well. The rest of today will be uc short until tmr news spike. I see a retest 1.162x-1.165x.. what donyou guys think?Ignored
DislikedReasons why USD/CAD may go to 1.30 in the medium term: 1. No wage growth 2. No inflation 3. People losing high paying full time jobs 4. People working contract jobs 5. Risk of further job loss due to strikes, layoffs, and disruptions to the manufacturing sector (closing of the CAMI plant would likely affect approximately 20,000 jobs) 6. Oil prices are not helping and there is an over supply of oil 7. NAFTA is moving jobs to Mexico 8. Tariffs are being applied to Canadian exports (Bombardier planes, lumber etc...) 9. Companies have to spend more...Ignored