USD/CAD | Page 647 | 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

  • #12,921
  • Apr 13, 2018 10:20pm Apr 13, 2018 10:20pm
Now looks like attacks on syria have now been confirmed so oil will have a rally which could cause some cad strength.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180414-101418.png Size: 688 KB
  • #12,922
  • Apr 14, 2018 3:06am Apr 14, 2018 3:06am
Quoting Samson85
{quote} Hahahahahahahah Expo please it's Friday night. Chill out and have a coffee lol. Let's leave the debate till next week and all this talk of diapers lol
I don't drink coffee. I drink organic, non GMO, preservative free, ginger, jasmine, mulberry tea with a twist of lemon.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,923
  • Edited 3:52am Apr 14, 2018 3:09am | Edited 3:52am
Quoting Samson85
Now looks like attacks on syria have now been confirmed so oil will have a rally which could cause some cad strength. {image}
Hard to say.

The last Syrian missile strike was back in April 2017. It was a Friday morning. OIL/UCAD prices spikes but by the end of the day it ended up being a big nothing burger. (Nothing burger sounds so dramatic. I really love that)

However, on Sunday's open prices gapped a little bit and ultimately UCAD sank as OIL surged. A couple days later OIL started the big plummet and UCAD went to the moon.

Here are the charts from that event. You can see the inverse correlation is super sexy!

OIL
Attached Image (click to enlarge)
Click to Enlarge Name: OILSYRIA.png Size: 51 KB

UCAD
Attached Image (click to enlarge)
Click to Enlarge Name: UCADSYRIA.png Size: 58 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #12,924
  • Apr 14, 2018 3:55am Apr 14, 2018 3:55am
Quoting Expo33
{quote} Hard to say. The last Syrian missile strike was back in April 2017. It was a Friday morning. OIL/UCAD prices spikes but by the end of the day it ended up being a big nothing burger. (Nothing burger sounds so dramatic. I really love that) However, on Sunday's open prices gapped a little bit and ultimately UCAD sank as OIL surged. A couple days later OIL started the big plummet and UCAD went to the moon. Here are the charts from that event. You can see the inverse correlation is super sexy! OIL {image} UCAD {image}

Okay good feedback.

I think I will look for a pull back on oil and probably go short Tuesday usd/cad into the interest rate announcement.
  • #12,925
  • Apr 14, 2018 4:33am Apr 14, 2018 4:33am
Quoting Expo33
{quote} Hard to say. The last Syrian missile strike was back in April 2017. It was a Friday morning. OIL/UCAD prices spikes but by the end of the day it ended up being a big nothing burger. (Nothing burger sounds so dramatic. I really love that) However, on Sunday's open prices gapped a little bit and ultimately UCAD sank as OIL surged. A couple days later OIL started the big plummet and UCAD went to the moon. Here are the charts from that event. You can see the inverse correlation is super sexy! OIL {image} UCAD {image}
Either your bio is wrong and you are not from the US, your memory is off, or you're not a very committed trader.

The news struck at about 9:20pm(NY) during Tokyo session. I recall because I checked the charts several minutes later and saw US/JPY dropping like a rock and checked to find out what had happened.
"The fun is in the hunt. Not the kill."
  • #12,926
  • Apr 14, 2018 4:49am Apr 14, 2018 4:49am
Quoting Redeflect
{quote} Either your bio is wrong and you are not from the US, your memory is off, or you're not a very committed trader. The news struck at about 9:20pm(NY) during Tokyo session. I recall because I checked the charts several minutes later and saw US/JPY dropping like a rock and checked to find out what had happened.
I was using local Syrian time. It was Friday morning in Syria.

And yes my charts show the wrong time period. Same results though. You are 100% correct. I am not a committed trader. I come on FF for entertainment purposes only.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,927
  • Apr 14, 2018 5:02am Apr 14, 2018 5:02am
Quoting Redeflect
{quote} Either your bio is wrong and you are not from the US, your memory is off, or you're not a very committed trader. The news struck at about 9:20pm(NY) during Tokyo session. I recall because I checked the charts several minutes later and saw US/JPY dropping like a rock and checked to find out what had happened.

The big boys predicted it as yen started gaining strength from earlier.
  • #12,928
  • Apr 14, 2018 2:51pm Apr 14, 2018 2:51pm
Quoting Samson85
{quote} The big boys predicted it as yen started gaining strength from earlier.
My 6 year old could predict Yen strength when bombs drop.

The only thing I care about as far as what the "big boys" are doing is the COT reports.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,929
  • Apr 15, 2018 5:03am Apr 15, 2018 5:03am
USDCAD Pair Analysis
Time frame H4
Indicators of MA, Fibo, and Supdem lines, RSI,
Pair UC msih tries to make price correction from its bearish trend. there are some resistance that should be broken like at 1.2625 and 1.2625 levels. while the last target for this pair is at 1.2695
while the price stuck in the first reesitanc and please continue the beearish trend with the support target at the level of 1.2547
for the market entry setting when the bearish trend starts at the lower daily closing market yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_10.png Size: 235 KB
  • #12,930
  • Edited 4:28pm Apr 15, 2018 3:41pm | Edited 4:28pm
Yen pairs will be gapping up at market open. Looks like Syrian event was a big nothing burger. Risk on sentiment still in play for the of start the week.

Small gap down for UCAD.

Trade your charts. Ignore fundamental guru garbage. Mostly noise in a market that describes itself though price action.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,931
  • Apr 15, 2018 9:23pm Apr 15, 2018 9:23pm
The opening price is above the pivot 1.2593 indicating an uptrend.
Support Level: 1.2569, 1.2527, 1.2503.
Resistance Level: 1.2635, 1.2659, 1.2701.
The MACD histogram is above the zero level.
Parabolic SAR indicator (step 0.02, max 0.2) indicates the price is moving up.

Trading recommendations: Buy.
TP: At the resistance level: 1.2635, 1.2659, 1.2701.
SL: One level below the entry point.
Attached Image (click to enlarge)
Click to Enlarge Name: 00ucad.png Size: 25 KB
  • #12,932
  • Apr 15, 2018 9:53pm Apr 15, 2018 9:53pm
Quoting Chryssalis
The opening price is above the pivot 1.2593 indicating an uptrend. Support Level: 1.2569, 1.2527, 1.2503. Resistance Level: 1.2635, 1.2659, 1.2701. The MACD histogram is above the zero level. Parabolic SAR indicator (step 0.02, max 0.2) indicates the price is moving up. Trading recommendations: Buy. TP: At the resistance level: 1.2635, 1.2659, 1.2701. SL: One level below the entry point. {image}

Did I just see that you have 60+ live open trades?

I think gbp/cad is a better long as it way more bullish.

Just went long. Nafta uncertainty still it seems and oil is losing gains as I type.
  • #12,933
  • Apr 15, 2018 10:08pm Apr 15, 2018 10:08pm
Quoting Samson85
{quote} Did I just see that you have 60+ live open trades? I think gbp/cad is a better long as it way more bullish. Just went long. Nafta uncertainty still it seems and oil is losing gains as I type.
hehehe ,,,, the account is only for tests my EA
  • #12,934
  • Apr 15, 2018 11:35pm Apr 15, 2018 11:35pm
Quoting Chryssalis
{quote} hehehe ,,,, the account is only for tests my EA
for a second I thought maybe you had 20 staff members in your front room assisting you
  • #12,935
  • Apr 16, 2018 12:27am Apr 16, 2018 12:27am
Quoting Samson85
{quote} for a second I thought maybe you had 20 staff members in your front room assisting you
alone dud, that's what I've been doing for the past 15 years
feel bored if i have to work on someone else again
  • #12,936
  • Edited 2:59pm Apr 16, 2018 12:29pm | Edited 2:59pm
Quoting Chryssalis
The opening price is above the pivot 1.2593 indicating an uptrend. Support Level: 1.2569, 1.2527, 1.2503. Resistance Level: 1.2635, 1.2659, 1.2701. The MACD histogram is above the zero level. Parabolic SAR indicator (step 0.02, max 0.2) indicates the price is moving up. Trading recommendations: Buy. TP: At the resistance level: 1.2635, 1.2659, 1.2701. SL: One level below the entry point. {image}
With all due respect, you were buying right into a resistance zone. I see a lot of traders doing that recently. Instead of waiting for a break of the resistance zone and then getting long on a retest of that zone.

You mentioned TP#1 at resistance level 1.2635. There is no previous resistance at that price. The resistance is clearly around 1.2622 and as one would expect that's where price reversed. If you look at the chart, above 126.22 there isn't any resistance at all until you reach the monthly pivot area.
Attached Image (click to enlarge)
Click to Enlarge Name: UCADMEBAY.png Size: 45 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #12,937
  • Edited 7:47pm Apr 16, 2018 7:36pm | Edited 7:47pm
WTI CRUDE has established a short term floor at 66.

UCAD selling off during the day. Potentially a 3rd try at breaking through 1.2550 or a bounce back up towards resistance. The box must give way eventually. Maybe it won't happen until BOC rate decision.

Holding short from 1.2603 with SL moved to BE+. TP open. Would like to see price action at the half number if we get there.
OIL
Attached Image (click to enlarge)
Click to Enlarge Name: wti.png Size: 56 KB

UCAD
Attached Image (click to enlarge)
Click to Enlarge Name: caaaaadd.png Size: 44 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #12,938
  • Apr 17, 2018 10:43am Apr 17, 2018 10:43am
Is the bank rate priced in already? hmm.. Thinking about going bullish tomorrow..
  • #12,939
  • Apr 17, 2018 2:55pm Apr 17, 2018 2:55pm
Quoting Mr.Rich
Is the bank rate priced in already? hmm.. Thinking about going bullish tomorrow..
Lol no as it's not expected (30% chance last time I saw).

Nafta still holding it back.
  • #12,940
  • Edited 7:35pm Apr 17, 2018 3:05pm | Edited 7:35pm
Quoting Mr.Rich
Is the bank rate priced in already? hmm.. Thinking about going bullish tomorrow..
There is no expectation for a rate hike tomorrow.

21 of 23 economists believe there will be no rate hike.
https://www.bloombergquint.com/busin...sion-day-guide

The tone of the statement is all that really matters. I imagine it will be the standard wait and see rhetoric:

"We are seeing some good signs in our economy, we will keep en eye on some things, maybe a few uncertainties in the global economy but overall not too bad, NAFTA, blah blah blah, etc etc."

Dynamic money will positioning themselves during the event devouring foolish retailers in the process. Just trade your chart.

I still think the 1.2450-1.2425 zone needs to be tested. I have pending longs waiting there but until then I will continue selling any rallies.

WEEKLY
Attached Image (click to enlarge)
Click to Enlarge Name: wwwwww.png Size: 52 KB


In looking at the hourly we see that price has finally attempted to break out of the box and break below the half number 1.2550. Price is trading below the monthly, weekly, and daily pivot. For now, 1.2550 may act as resistance. Daily close coming up soon.

HOURLY
Attached Image (click to enlarge)
Click to Enlarge Name: q.png Size: 42 KB
Pride always comes before destruction.... -Proverbs 16:18
13 traders viewing now