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USD/CAD

  • #11,661
  • Jul 21, 2017 3:57pm Jul 21, 2017 3:57pm
Quoting umbrella man
some where around 1.2450 to 1.2590 a long rally should start. Important thing is the money management. Don't risk big on any trade.
i agree with the risk management aspect...but also keep in mind that with the intensity of this trend...if cad breaks the major support..it could FLY further down. i can promise you the resistance at 1.2460 area is the only strong one laying around..so ill actually be taking a short next week with a tight stop to see what happens if it breaks.
  • #11,662
  • Jul 21, 2017 8:43pm Jul 21, 2017 8:43pm
This pair will take months to go up again...
  • #11,663
  • Jul 22, 2017 3:05am Jul 22, 2017 3:05am
Hi All,

This week has proved that trading is becoming so uncalculated to the point that it seems that calendar data releases and speeches mean nothing.
For example this weeks USD/CAD CPI data was accurate with the forecast, but was still in decline from previous results. The only reason why the CAD gained strength was because retail sales came out at the same time which were positive. Sorry but retail sales should not have been a good enough reason for the CAD to strengthen as the CPI data although in line with the forecast was still in decline from the previous. Shouldn't common-sense tell us that retail sales are automatically bound to be good due to the season we're in? Currencies getting pushed could just lead to a Random sell crash at any given time.

The Euro pushing high like it did made me feel like we have college graduates at hedge funds pressing the buy button just for the sake of it. Draghi said nothing at significant at all for the euro to rise the way it did. Isn't the interest rate still at 0%? Please explain to me why an investor would want the Euro? I feel sorry for all the retail traders who got burnt. Even trying to calculate a pullback on the EURO is becoming hard!! It just keeps going up!!

I thought I'd share this as it seems the market is trigger happy.
  • #11,664
  • Jul 22, 2017 3:14am Jul 22, 2017 3:14am
Quoting Samson85
Hi All, This week has proved that trading is becoming so uncalculated to the point that it seems that calendar data releases and speeches mean nothing. For example this weeks USD/CAD CPI data was accurate with the forecast, but was still in decline from previous results. The only reason why the CAD gained strength was because retail sales came out at the same time which were positive. Sorry but retail sales should not have been a good enough reason for the CAD to strengthen as the CPI data although in line with the forecast was still in decline...
I think overall US data disappointed and not only CAD but most currencies are dominating USD. but whatever peoples say. To my analysis USD should getting stronger but for this week I like to trade only GBP as a bull.
  • #11,665
  • Jul 22, 2017 7:20am Jul 22, 2017 7:20am
Got some buy positions here. Looks like I'm stuck in 'Lodi again'. It don't think I'll be leaving anytime soon unless an aggressive retracement takes place.
Attached Image (click to enlarge)
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Taigen Profit This Month: na
  • #11,666
  • Jul 22, 2017 8:38am Jul 22, 2017 8:38am
Quoting RomanBubenik
{quote} Big Players having fun with us
The only big players in this game are the central banks. Of all the major currencies, the central banks are seeking balance. The price point at any given time is the perceived balance. Nothing more complicated than that.
Taigen Profit This Month: na
  • #11,667
  • Jul 23, 2017 5:59pm Jul 23, 2017 5:59pm
Is the down move still going on?
Lost in Narrative
  • #11,668
  • Jul 23, 2017 6:18pm Jul 23, 2017 6:18pm
Quoting R4sh
Is the down move still going on?
Still going down... 1.26 would be the breakout

Attached Image

H1 chart
- If you plant corn, you get corn
  • #11,669
  • Jul 23, 2017 8:16pm Jul 23, 2017 8:16pm
looking for a short towards 1.23 - 1.24
keep it simple
  • #11,670
  • Jul 23, 2017 11:13pm Jul 23, 2017 11:13pm
Bearish momentum continue to rise, immediate support zone around 1.2510/20. Further decline is expected despite oil price falling.
  • #11,671
  • Jul 23, 2017 11:38pm Jul 23, 2017 11:38pm
Quoting Samson85
Hi All, This week has proved that trading is becoming so uncalculated to the point that it seems that calendar data releases and speeches mean nothing. For example this weeks USD/CAD CPI data was accurate with the forecast, but was still in decline from previous results. The only reason why the CAD gained strength was because retail sales came out at the same time which were positive. Sorry but retail sales should not have been a good enough reason for the CAD to strengthen as the CPI data although in line with the forecast was still in decline...

Though on another note EUR is very weak compared to AUD. Not sure why though.
  • #11,672
  • Jul 24, 2017 2:34am Jul 24, 2017 2:34am
time to buy
Lost in Narrative
  • #11,673
  • Jul 24, 2017 10:06am Jul 24, 2017 10:06am
Starting to look attractive. I have a new blog post on this cross. https://dkurzhal4.wixsite.com/mysite...4/USDCAD-alert

Note: I just started my blog for fun and it can be thought about as a public journal, stocks, futures and forex are the focus. Lots of updates coming soon, any feedback greatly appreciated.
  • #11,674
  • Jul 24, 2017 10:10am Jul 24, 2017 10:10am
1.24800 Can be support of USDCAD ????
This month Fundamentals made too much tricky,
  • #11,675
  • Jul 24, 2017 11:17am Jul 24, 2017 11:17am
Quoting RKarRain
1.24800 Can be support of USDCAD ???? This month Fundamentals made too much tricky,
temporarily perhaps. but the 1.2465 area is really where it is likely to be strongest. in the short term..we made not see that for a few days, especially if its able to push north of 1.255 from 1.248. long term though..id plan on a break below 1.2465
  • #11,676
  • Jul 25, 2017 3:19am Jul 25, 2017 3:19am
Quoting Venomousssss
{quote} temporarily perhaps. but the 1.2465 area is really where it is likely to be strongest. in the short term..we made not see that for a few days, especially if its able to push north of 1.255 from 1.248. long term though..id plan on a break below 1.2465
I guess 1.24800 will become support. 1.24600 will be SL of Long Position. This week US may strong again. It can be decide by watching the results of US Consumer Confidence , FED Interest Rate Decision and also CAD' GDP.
  • #11,677
  • Jul 25, 2017 7:55am Jul 25, 2017 7:55am
Quoting MrPresident
1.25 is next and then 1.246
1.246 is next

oversold
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Don't Worry Be Happy
  • #11,678
  • Jul 25, 2017 8:17am Jul 25, 2017 8:17am
Weird move, I can spot buyers, but sellers are stronger for a reason I can't tell...imo its fake sellers, buyers are accumulating
COT: The precious data ignored
  • #11,679
  • Jul 25, 2017 8:28am Jul 25, 2017 8:28am
Quoting kuroro001
Weird move, I can spot buyers, but sellers are stronger for a reason I can't tell...imo its fake sellers, buyers are accumulating
holding on to my longs...losing currently..call me balsy but..
  • #11,680
  • Jul 25, 2017 8:44am Jul 25, 2017 8:44am
Quoting Venomousssss
{quote} holding on to my longs...losing currently..call me balsy but..
Same here, holding to it, for 1.273x first then i'll see
COT: The precious data ignored
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