USD/CAD

H1 UCAD fyr

Long

#USDCAD / H4 & H1

USD/CAD long term view

I'm going to hold this a few months.
See you !

God I hate speculating on this pair...

But so be it...

#USDCAD / H4 & H1

US Dollar failed as predicted.
Was 1.38660 on 26 MAY and 3 days later 1.37654

#USDCAD / H4 & H1

Could fall to 1.33~ 1.34

Rejection to the upside so downfall looking for now

USD/CAD Price Analysis: 1.3590 or 1.3420 on key US/ Canada jobs data
5 June 2020, 02:58

 

1. USD/CAD trades neutral around 1.3500 amid cautious mood.
2. The spot wavers in a potential symmetrical triangle pattern.
3. In a Make or Break spot ahead of the key US/Canadian jobs report.

USD/CAD fluctuates between gains and losses around the 1.3500 mark so far this Friday, as a tug of war between the bulls and bears persists heading into the critical labor market reports from both the US and Canada due later today at 1230 GMT.
At the moment, the spot holds steady amid a broadly firmer US dollar, as the market mood turns cautious amid escalating US-China tensions and resurgence of new infections in the US cities.
On the CAD-side of the story, the minor weakness in oil prices remains a drag on the resource-linked Loonie. Meanwhile, the CAD buyers remain hopeful following the Bank of Canada’s (BOC) status-quo and its optimistic view on the economic recovery.
Moving on, the major is at ‘Make or Break’ position heading into the key economic releases, with a break on either side likely, as it now trades flat in a potential symmetrical pattern on the hourly chart.
The hourly Relative Strength Index (RSI) also remains neutral at the midline (50.0), suggesting a lack of clear directional bias in the near-term.
Should the macro updates prompt a bullish break above 1.3521, triggering a triangle breakout, the price could rally as high as 1.3594 (pattern target). However, the downward sloping 100-hourly Simple Moving Average (HMA) at 1.3551 could test the bulls’ commitment on the move higher.
On a symmetrical triangle breakdown below 1.3490, the floors will open up towards the downside target of 1.3420 amid a lack of healthy support levels.
All in all, for now, a neutral bias persists for USD/CAD and the US/Canadian jobs data could likely determine a decisive break in either direction.

It's in bearish mood at the moment below the 1.36.. the way it's looking at the moment it's heading to 1.34

Update: trade successful


What' next

Free fall coming I think..but protect profits

dont think.: you think you get swallow.
Top 3 rules.
Dont hope.
dont think
trade what you see.

when your emotion comes in, you only going against your own analysis and trends and then comes after is regrets.
when you think... it means you are not confident. Which means your analysis is not on poiny.
trade what you see... of course everything is play bu analysis ajd probability. Believe in your strategy.

all that being said... I think its an uptrend...
LOL JUST KIDDING.
jokes aside.
if it pushes down... buy uc 1 minute for the news. Ill see you guys.

Who else bought USDCAD?

bought uc at 1.3425. Holding it all the way

Long at 1.3425 was thinking this week will be finally some good for USD as CAD has been winning the past 2 weeks from 1.40 to 1.3390 is pretty aggresive bounce ...... question with OPEC announcing the cut extension will this drive USD down even more? Just trying to decide Sunday if I should hold my long or get out but my feeling is can we actually get to 1.33 mark on this news? We already knew the OPEC extension was a sure thing so did the market already factor this yesterday?
any input would be appreciated. Thanks

pa higher tf , price likely move towards 1.220 to decide extension up continue or correction further !immediate support/ signal 1.2956. take care