USD/CAD | Page 610 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

USD/JPY - USD/CAD any thoughts? 4 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD
Exit Attachments

USD/CAD

  • #12,181
  • Sep 27, 2017 12:00pm Sep 27, 2017 12:00pm
Quoting MrPresident
financial monetary policy geezers will turn this pair bullish this week target 1.2540
thanks geezers, keep up the good work
Don't Worry Be Happy
  • #12,182
  • Edited 1:54pm Sep 27, 2017 1:32pm | Edited 1:54pm
UCAD is dead, not even looking like it wants to retrace

when EVERY major is going up even slightly, and CAD isn't...
  • #12,183
  • Sep 27, 2017 4:17pm Sep 27, 2017 4:17pm
Quoting Expo33
{quote} Not taking the trade just because there is divergence. Two weeks of higher highs with higher lows on the 4H, sentiment change, some fundamental reasons, and the negative correlation with oil has broken which tells me the potential is to the upside. Buy low sell high. But I do get what your saying. Technically, even by my own analysis, there isn't a breakout until daily price closes above the 34 EMA (that's always been one of my favorite dating back to Raghees Horner's book and the "Dave" wave) and here it has been a good resistance level...
Technicals now confirming what the fundamentals/sentiment have been saying. Now if we can get oil to sell off a few dollars UCAD can possibly take out next TP at 1.26
Pride always comes before destruction.... -Proverbs 16:18
  • #12,184
  • Edited Sep 28, 2017 6:37am Sep 27, 2017 4:43pm | Edited Sep 28, 2017 6:37am
Technically the USDCAD is operating in an ascending channel. Although current price action is near the distal channel line, a minor resistance is around the 1.25314 area. Besides, on the H4 time frame the current price action is at the 61.8 Fib zone of the drop from the high of August 15, 2017 to the low of September 8, 2017. So a retracement southward is likely to be in the offing.

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Technical_Update_H4_27th_Sept.,_2017.png Size: 37 KB
Do your homework, follow the footprints of smart money
  • #12,185
  • Sep 27, 2017 7:23pm Sep 27, 2017 7:23pm
[quote=KeenPips;10336609]Technically the USDCAD is operating in an ascending channel. Although current price action is...


yeah !!! Let's talk the USD news tomorrow morning !!!
  • #12,186
  • Sep 28, 2017 2:17am Sep 28, 2017 2:17am
I still remember when some people were "only" eyeing 1.19 when it was 1.20, we are 1.25+ now lol
COT: The precious data ignored
  • #12,187
  • Sep 28, 2017 5:55am Sep 28, 2017 5:55am
Quoting Snowden
{quote} Taken out... and new short from 412....
Close & reverse @ 470
  • #12,188
  • Sep 28, 2017 6:23am Sep 28, 2017 6:23am
looks like it might go back to 1.30 as the market realizes that there will be no more rate hikes this year

the economy is very bad in Canada
Don't Worry Be Happy
  • #12,189
  • Edited 6:52am Sep 28, 2017 6:34am | Edited 6:52am
Quoting MrPresident
looks like it might go back to 1.30 as the market realizes that there will be no more rate hikes this year the economy is very bad in Canada
US index is rising now after low of past few days.
please give your analysis about AudCad also ,thanks
  • #12,190
  • Sep 28, 2017 7:29am Sep 28, 2017 7:29am
Quoting Snowden
{quote} Close & reverse @ 470
Diversity in opinion. I like it.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #12,191
  • Sep 28, 2017 8:19am Sep 28, 2017 8:19am
Are you tracking the USDCAD? The price action has turned southward in line with the technical perspective highlighted here yesterday and quoted below.

I may be wrong. Trade safe and prosper.

KP

Quoting KeenPips
Technically the USDCAD is operating in an ascending channel....on the H4 time frame the current price action is at the 61.8 Fib zone of the drop from the high of August 15, 2017 to the low of September 8, 2017. So a retracement southward is likely to be in the offing....{image}
Do your homework, follow the footprints of smart money
  • #12,192
  • Sep 28, 2017 8:56am Sep 28, 2017 8:56am
@Mr.President well said the bottom was reached it is going for 1.30 again. It just starts a bit slower
  • #12,193
  • Sep 28, 2017 9:43am Sep 28, 2017 9:43am
support is at 1.2450, so you can buy with a stop below this level
Don't Worry Be Happy
  • #12,194
  • Sep 28, 2017 9:45am Sep 28, 2017 9:45am
Quoting MrPresident
support is at 1.2450, so you can buy with a stop below this level
i think there is some room further down than that honestly.
  • #12,195
  • Sep 28, 2017 9:56am Sep 28, 2017 9:56am
Quoting Venomousssss
{quote} i think there is some room further down than that honestly.
maybe, but i am long with a wide stop
Don't Worry Be Happy
  • #12,196
  • Sep 28, 2017 10:03am Sep 28, 2017 10:03am
Quoting MrPresident
{quote} maybe, but i am long with a wide stop
I like it! I am waiting as well. The rest of today will be uc short until tmr news spike. I see a retest 1.162x-1.165x..
what donyou guys think?
Trade what you see, take what the market gives you.
  • #12,197
  • Sep 28, 2017 10:05am Sep 28, 2017 10:05am
Quoting VuLe
{quote} I like it! I am waiting as well. The rest of today will be uc short until tmr news spike. I see a retest 1.162x-1.165x.. what donyou guys think?
CAD GDP is going to be bad tomorrow
Don't Worry Be Happy
  • #12,198
  • Sep 28, 2017 10:40am Sep 28, 2017 10:40am
I am thinking a floor of 1.2393-2410ish and spiking up on bad data. I will be targeting 1.25xx range for TP.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,199
  • Sep 28, 2017 10:49am Sep 28, 2017 10:49am
Reasons why USD/CAD may go to 1.30 in the medium term:

1. No wage growth
2. No inflation
3. People losing high paying full time jobs
4. People working contract jobs
5. Risk of further job loss due to strikes, layoffs, and disruptions to the manufacturing sector (closing of the CAMI plant would likely affect approximately 20,000 jobs)
6. Oil prices are not helping and there is an over supply of oil
7. NAFTA is moving jobs to Mexico
8. Tariffs are being applied to Canadian exports (Bombardier planes, lumber etc...)
9. Companies have to spend more to remain competitive (minimum wage hike, higher taxes, very high electricity rates etc...)

so, the CAD is very bearish and the BOC guy confirmed it
Don't Worry Be Happy
  • #12,200
  • Sep 28, 2017 11:00am Sep 28, 2017 11:00am
Quoting MrPresident
Reasons why USD/CAD may go to 1.30 in the medium term: 1. No wage growth 2. No inflation 3. People losing high paying full time jobs 4. People working contract jobs 5. Risk of further job loss due to strikes, layoffs, and disruptions to the manufacturing sector (closing of the CAMI plant would likely affect approximately 20,000 jobs) 6. Oil prices are not helping and there is an over supply of oil 7. NAFTA is moving jobs to Mexico 8. Tariffs are being applied to Canadian exports (Bombardier planes, lumber etc...) 9. Companies have to spend more...
Hold on, flipping my magical coin that determines direction by magically connecting to the FA/TA universe. Just what I suspected, it says go long. Next I will confirm this by shaking my magic 8 ball. Hold onnnnnnn......WOW, we now have a high percentage chance this pair will be heading north.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
4 traders viewing now