the trade weight index is strong between these two curriencies so is a good trade pair
buy the usd/cad
on this one
cad is really weak
buy the usd/cad
on this one
cad is really weak
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Dislikedhello peeps,
I have been trading since 2007,Well this is my first post on this blog.
According to my analysis
Short Usd/cad for -1.0525.(TP)
Stop Loss -1.0715Ignored
Dislikedhello my name ryan swan aka swano
how did you get to usd / cad being short
what indicators or fundermentals did you use
see if we can help each other outIgnored
Dislikedhi Swano
Nice to meet you. well if you look on the chart there is strong daily restance trendline going though 1.0660. Stochasctics are overbought on daily chart. Accoding to my analysis it should retrace to level of 1.052, which is fibonacci retracement of 61.8%.Ignored
DislikedBought USD/CAD @ 1.0639 TP: 1.0705
I have taken this trade based on a strategy I am testing.
1.0639 is resistance for uptrend on the weekly charts(according to my analysis, not confirmed) I will keep a close eye on PA from here till NY session end. SL: 1.0592Ignored
DislikedHey Neo, you get stopped out yesterday afternoon? Must have been pretty close either way...Ignored