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USD/CAD

USD/CAD had a good week this week. The pair is now trading at 1.3391 and looks prone to continue to the upside.
Quoting arigoldman
USD/CAD had a good week this week. The pair is now trading at 1.3391 and looks prone to continue to the upside.
its closed at 1.3404, sideways to downside likely
Scoobi doobi doo
Hello guys! Here is my Daily levels commentary for 10.4.2017 video!
Our winning streak doesn't end! - 12 winning trades in a row now (all trades are recorded and commented on HERE if you want to have a look)! I hope you took some trades from the videos I published here.
Enjoy!
Inserted Video
Oil is very likely headed to $54-$55 per barrel leading up to the MEMORIAL DAY WEEKEND which is the last weekend in May.

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
Quoting Scoobidoobi
{quote} its closed at 1.3404, sideways to downside likely
It's back to testing the support at 1.3345, I think it will break out below that level and continue falling to 1.3300 at least.
Quoting dianajs
{quote} It's back to testing the support at 1.3345, I think it will break out below that level and continue falling to 1.3300 at least.
It could fall further due to the oil price. But the fall in USD/CAD is more due to speculators and not economic fundamentals. I don't see anything positive coming out of Canada to benefit the CAD.
Don't Worry Be Happy
The Forex market's dominant ruler is the speculators , not fundamentals. I learned this adage the "hard way" , many years ago. Memorial Day Weekend in the USA with it's direct connection to gasoline consumption , will be the continued seasonal driver of WTI price , thus , a stronger Canadian Dollar. I live in Canada , seen it many times. On another note , it would be a complete shock to the USD/CAD if POLOZ raised rates this week. IF IT DID OCCUR , I could see the Loonie hit 131.00 very , very fast. Our economy is doing much better now that oil has been above $30.00/barrel.
"Define the risk OUT of your trade"--Mark Douglas
Hello guys,
here is today's Daily levels commentary video I just made. I hope you like it. Happy trading!
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If USOIL stalls at $55, then a long USD/CAD position might be good. Trump starts talking about WW3 on twitter and the oil moves up.
Don't Worry Be Happy
Hello guys,
I have just made new Daily levels commentary video. I hope you like it and find it useful.
I recommend everybody interested in Market Profile to watch it too. I think it can serve as a little educational material for you. Enjoy!
Inserted Video
Quoting MrPresident
If USOIL stalls at $55, then a long USD/CAD position might be good. Trump starts talking about WW3 on twitter and the oil moves up.
Oil is still going up and USD/CAD has not yet hit a bottom. Nothing positive from the BOC either.
Don't Worry Be Happy
Quoting MrPresident
{quote} Oil is still going up and USD/CAD has not yet hit a bottom. Nothing positive from the BOC either.
USD/CAD will reach at least 1.3100, I think. I shorted after it broke out below 1.3300.
USD/CAD found support at 1.3224 and is now trading a bit higher at 1.3317. We might see the pair consolidate ahead of today's US data.
USDCAD D1TF there's a 100% retracement on the 3rd leg changed into a side way move.

What will it become?

Support @ 1.3290

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This is not investment/trading advise. Will not hold accountable for loss
Quoting yousername
USDCAD D1TF there's a 100% retracement on the 3rd leg changed into a side way move. What will it become? Support @ 1.3290 {image}
Based on your theory.... The next wave should be up. However, look at all the pips which we should be willing to give up to the downside.
USD/CAD about to go down?
instagram: stepbystepforex
USD/CAD might go down if oil goes up towards 54

i think that it is a good buy if oil stalls
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Don't Worry Be Happy
dollar is going donward that's why USD/CAD will go down and also oil is going to upward it confirms that it will go to down ward.
USD/CAD might reverse on 1.35 if oil goes back up
Don't Worry Be Happy
Quoting MrPresident
USD/CAD might reverse on 1.35 if oil goes back up
So far there is no indication it will reverse. I think it will climb to 1.3540 - 1.3580 next.
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