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USD/CAD

  • #16,761
  • May 17, 2022 10:29am May 17, 2022 10:29am
Quoting ForexGoose
{quote} 1.282 would be an ideal level to buy from I think {image}
bought
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-05-17_13-28-56.png Size: 35 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,762
  • May 17, 2022 11:23am May 17, 2022 11:23am
Quoting ForexGoose
{quote} bought {image}
going up again i guess
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-05-17_14-22-34.png Size: 34 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,763
  • May 17, 2022 8:38pm May 17, 2022 8:38pm
Quoting intensedrive
I'm looking at my USD/CAD Chart and it looks like we touched a low that we have no seen since july 08. Does anyone have any ideas on how to trade this setup or is just to risky? Looks like strong support at the 1.0062 level. Would it be unwise to short this if it breaks this key level? Any ideas? Thanks
I would pay close attention to all red news releases before shorting.
  • #16,764
  • May 18, 2022 4:50am May 18, 2022 4:50am
CPI news after 40 minutes, be careful and good luck everyone!
  • #16,765
  • May 18, 2022 5:13am May 18, 2022 5:13am
Quoting ForexGoose
{quote} bought {image}
closed position before the CPI news, will buy dip later from a lower level, maybe 1.27x
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,766
  • May 18, 2022 7:29am May 18, 2022 7:29am
Quoting ForexGoose
{quote} closed position before the CPI news, will buy dip later from a lower level, maybe 1.27x
bought again, this time, I will hold for a bigger rally
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-05-18_10-28-39.png Size: 49 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,767
  • May 19, 2022 5:24am May 19, 2022 5:24am
bulls are back fighting around 1.282, I would expect another push up
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-05-19_08-23-02.png Size: 37 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,768
  • May 19, 2022 5:38am May 19, 2022 5:38am
Quoting ForexGoose
bulls are back fighting around 1.282, I would expect another push up {image}
i was holding a view
like yours, right now 1.26 is seems better, but im looking for setup.
maybe close to 1.29
  • #16,769
  • May 22, 2022 1:18pm May 22, 2022 1:18pm
USDCAD price action on the daily time frame is presently sideways after a bearish swing from the significant, long-term 1.29472/1.30451 horizontal resistance zone (purple) seen on the weekly time frame. We may see some bullish corrective move to a value area before further southward drive.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #16,770
  • May 24, 2022 7:16am May 24, 2022 7:16am
1.286 and then 1.295 maybe today?
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,771
  • May 25, 2022 5:33am May 25, 2022 5:33am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-05-25_08-33-36.png Size: 33 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,772
  • May 26, 2022 5:27am May 26, 2022 5:27am
It is possible for USD/CAD to dip into the BOC decision next week.

1.27 could be a bottom and I am interested in buying dips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCAD_2022-05-26_08-26-23.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,773
  • May 27, 2022 5:36am May 27, 2022 5:36am
going to 1.27
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-05-27_08-36-14.png Size: 37 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,774
  • May 29, 2022 1:15pm May 29, 2022 1:15pm
USDCAD price action on the daily time frame is consolidating in a rising wedge (blue) within a bearish technical structure. Price action had tackled the 1.27470/1.29760 horizontal resistance zone (purple), seen on the weekly time frame, tested the wedge resistance trendline, and turned bearish within the wedge.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily_May 29, 2022.png Size: 18 KB
Do your homework, follow the footprints of smart money
  • #16,775
  • May 31, 2022 6:00am May 31, 2022 6:00am
the 1.26 level should hold this week
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,776
  • Edited 5:35am Jun 1, 2022 5:01am | Edited 5:35am
BOC day today. I predict a dip and then a bull run, mainly because the USD is still strong and Biden said that inflation is a big problem. The FED admitted that they screwed up and FOMC voting members are turning more hawkish. This should support the USD and make USD/CAD go higher.

https://www.cnbc.com/2022/06/01/yell...ransitory.html
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture.PNG Size: 2 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,777
  • Jun 1, 2022 5:57am Jun 1, 2022 5:57am
Quoting ForexGoose
BOC day today. I predict a dip and then a bull run, mainly because the USD is still strong and Biden said that inflation is a big problem. The FED admitted that they screwed up and FOMC voting members are turning more hawkish. This should support the USD and make USD/CAD go higher. https://www.cnbc.com/2022/06/01/yell...ransitory.html {image} {image}
Monthly chart looks bearish, but daily looks bullish. I agree with you but maybe fly to 1.27 then drop again.
  • #16,778
  • Jun 1, 2022 7:02am Jun 1, 2022 7:02am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-06-01_10-01-41.png Size: 34 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,779
  • Jun 1, 2022 5:56pm Jun 1, 2022 5:56pm
The pair seems to be bouncing off key support at 1.2650 as the BOC's rate hike came in line with expectations, as well as data indicating the US economy was still going strong, and the Fed will need to continue raising interest rates aggressively.

However, USD/CAD did pare gains to close below its 200-day MA yesterday and has currently pulled back from today's highs, likely due to the weakness being seen in the oil market.

All trading carries risk, but it will be interesting to see if the pair can rebound strongly from support or if it will face rejection at the 200-day line and continue moving lower.
  • #16,780
  • Jun 2, 2022 5:19am Jun 2, 2022 5:19am
Wish can hit target soon. Or else will set breakeven
Attached Image (click to enlarge)
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