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USD/CAD

  • #11,801
  • Aug 16, 2017 10:19am Aug 16, 2017 10:19am
Quoting Musta83
Crazy movements today... Euro going down and usd cad too... in the meantime usd jpy is quite.
Cad is going into bull continuation ref cadjpy, usdcad, eurcad and cadchf. D1 and weekly with trend patterns m15
Stacking pips since 2002
  • #11,802
  • Aug 16, 2017 11:41am Aug 16, 2017 11:41am
The start of NAFTA negotiations today has people looking at the Canadian dollar who otherwise don't pay it much attention. It is unusual to have the U.S. dollar up against the other major currencies at the same time as it is falling against the Canadian dollar. Oil prices are basically unmoved. It is possible that the fundamental improvements in the Canadian economy are finally being priced into the currency market.
  • #11,803
  • Aug 16, 2017 3:03pm Aug 16, 2017 3:03pm
I'm out, hundred pips that fast was enough for me. Probably back on down to old lows, but will wait for a pullback now.
  • #11,804
  • Aug 16, 2017 3:19pm Aug 16, 2017 3:19pm
Quoting Catch-22
I'm out, hundred pips that fast was enough for me. Probably back on down to old lows, but will wait for a pullback now.
Prob won't see a worthy pullback till 1.256 ref daily lows at that level.
Stacking pips since 2002
  • #11,805
  • Aug 16, 2017 4:08pm Aug 16, 2017 4:08pm
Quoting forexjedi
{quote} Prob won't see a worthy pullback till 1.256 ref daily lows at that level.
Yeah, I'm thinking more like 1.2575 area, but I'm not too worried, that was a decent pip count to bank. Once we have that pullback I'll start loading in some more long term to 1.248-9 area minimum and hold one maybe for a more prologued period maybe.

New has been a lot more mixed of late though, so I think there will be A lot of opportunities.
  • #11,806
  • Aug 16, 2017 10:08pm Aug 16, 2017 10:08pm
Quoting Catch-22
{quote} No commentary; just a chart? lol
Lol.........I wanna learn to let the chart do the talking.......working on my technical/fundamental analysis skills.......
Focus
  • #11,807
  • Aug 17, 2017 2:15am Aug 17, 2017 2:15am
Quoting mrstblefx
{quote} Lol.........I wanna learn to let the chart do the talking.......working on my technical/fundamental analysis skills.......

hah alright. People might have more input to help you out if you make some comments tho.
  • #11,808
  • Aug 17, 2017 2:18am Aug 17, 2017 2:18am
Hoping to see a nice dip to buy into it for 1.288x
COT: The precious data ignored
  • #11,809
  • Aug 17, 2017 2:56am Aug 17, 2017 2:56am
That's how I see it - or at least this is why I'll be selling it until the charts look different.
Attached Image (click to enlarge)
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  • #11,810
  • Aug 17, 2017 2:58am Aug 17, 2017 2:58am
Quoting kuroro001
Hoping to see a nice dip to buy into it for 1.288x
I doubt it would get past 1.282 in any hurry.
  • #11,811
  • Aug 17, 2017 5:58am Aug 17, 2017 5:58am
Quoting Catch-22
{quote} Yeah, I'm thinking more like 1.2575 area, but I'm not too worried, that was a decent pip count to bank. Once we have that pullback I'll start loading in some more long term to 1.248-9 area minimum and hold one maybe for a more prologued period maybe. New has been a lot more mixed of late though, so I think there will be A lot of opportunities.
This could be the pullback youre waiting for. Maybe first target at todays low. Second target at the daily lows of 1.255. Third target at the daily and weekly lows of 1.24 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-08-17 at 6.56.30 AM.png Size: 68 KB
Stacking pips since 2002
  • #11,812
  • Aug 17, 2017 6:06am Aug 17, 2017 6:06am
Yeah, I was 12 pips out on my guesstimate, heh.
  • #11,813
  • Aug 17, 2017 8:55am Aug 17, 2017 8:55am
I had an order to short at 1.2650 and for some pips didnt get it... anyway, the above chart seems to be a pullback and an opportunity to get in short. We could test 1.25xx today if we had bad data from USA but it did not happen.

Anyway, tomorrow it is Friday and we will have both countries reporting at the same time... it is going to definite the trend for sure.
  • #11,814
  • Aug 17, 2017 9:05am Aug 17, 2017 9:05am
Fibos considering the last movement...
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  • #11,815
  • Aug 17, 2017 10:07am Aug 17, 2017 10:07am
Wow exactly in the previous support! I think that's the chance.
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  • #11,816
  • Aug 17, 2017 10:17am Aug 17, 2017 10:17am
Quoting Musta83
Wow exactly in the previous support! I think that's the chance. {image}
fibos work like magic
  • #11,817
  • Aug 18, 2017 2:29am Aug 18, 2017 2:29am
Waiting for CPI, hope it dips to buy lows
COT: The precious data ignored
  • #11,818
  • Aug 18, 2017 6:04am Aug 18, 2017 6:04am
Yeah I agree. Nice sell signal. Hopefully good news from data soon to confirm that signal
  • #11,819
  • Aug 18, 2017 8:14am Aug 18, 2017 8:14am
Out for now, waiting for pull back to sell again ..and again...and again.
  • #11,820
  • Aug 18, 2017 8:55am Aug 18, 2017 8:55am
Me too good trade!
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