USD/CAD

Seems like 1.3380 is easy to break through... I have sell at 1.3445

After so much selling view, now I have the feeling to buy, can't explain why ... maybe I am in a self sabotage phase.
I bought 1.33

out with tiny bit ... it should take a direction, better on the sideline.

selling 1.3320

out of it @ 3298 ... not so pleasant to see the in money going out, too bad I hesitate @ 3290. Good to be out!

Oy, I screwed up today trying to chase. I hate Fridays.

Its a big day fundamentally with a weekend of g20. Was always going to be a tough day to trade

I took profits - I still think this pattern has room to move up, but I don't want to hold any large positions until after g20, opec, and fed rate hike meetings.

Im probably missing out on some more profits, but Im also not losing anything.

My impression from what I am seeing coming down from the news wire after G20 is that oil production is not going to be cut - and oil producing nations are doing their best to kiss Trump's a** for lack of a better term.

Putin in mid-November, prior to the meeting: "the expenditure side of our budget is based on $40 per barrel..."

If oil continues to drop next week, then expect USDCAD to rise. I will look to see how the Asian session reacts to the news during G20 when the markets open this coming week. If it doesn't gap up right away, I would not be surprised if it bounces up from the supporting trend-line.

Two major points for this week, 1.3245 must break to travel lower, top is 1.3386 for sell entry.

The open was 1.3245 mentioned, it is holding for now

Alberta is cutting oil production everyday until spring - at least...

...Price has broken the trend

after a while back to usdcad again...i sold it and will watch its strenght...no target yet but if oil can retrace till 63s i will keep my short here...my stop loss is above 1.34

noo...i close my self last week too early. hoping it close gap first before going down

Will bounce to 1.3299 tp area

Dollars falling so I am playing it shorting this pair. Will close when usd/cad makes new low so where 1.3160

haha nice up. stop loss @ 1.32

Just closed my shorts with .59% profit for the day but it was not pretty.

soon i thin go to long

To all USD/CAD traders.
Thursday of this week HAS THE POTENTIAL TO BE a market moving day due to the OPEC Meeting.
OPEC Countries are NOT HAPPY with Saudi Arabia for "creating this mess" , meaning that the Saudi's THOUGHT that they could punish the rest of the WORLD MARKET by creating artificially LOW PRICES due to a massive oversupply to the World Markets , and they failed miserably in their attempt to essentially put many Countries "out of the oil business altogether".
In my opinion , look for the Saudi's to make an unprecedented massive cut to production which will truly rattle the World Markets. However , I am not sure what the Russsian reaction will be. Russia CAN benefit immensely IF it does NOT rush in to fill the void. IF this scenario plays out , I actually think it will be a very short lived benefit for Canada since on Wednesday of this week , look for the Bank of Canada to raise interest rates 25 basis points. At this time , Canada CANNOT AFFORD to have a high value dollar. Additionally , the US cannot afford a higher dollar AND a trade war with China , Mexico , and Canada.
This SHOULD BE a very interesting week.
Currently , I have started to build SMALL LONG POSITIONS from 1.3170 with TAKE PROFIT at the 1.3220 mark. This is contrary to oil ready to SPIKE SIGNIFICANTLY based on DAILY AND WEEKLY CHARTS showing severe oversold conditions.
Mental stop losses are a must !!!!!
Regards ,
GE