USD/CAD

I cancelled my pending sell order. I think usd still have more power to go up. I will wait for area between 1.33 to 1.35 to sell

If i'm stopped, next is 1,3305/20...then i got nothing until 1,3430/30 which is far

Me thinks usdcad is primarily in a northward trend and any southward mode is corrective.

I may be wrong. Trade safe and prosper.

KP

Good question. I don't know where this pair will go. However, we broke significant level at 1.3060 (2009) which was strong resistance in March this year. We may retest this number, or at least the year high 1.3125. At the moment, though, I don't see any reason to short. There is a guy here who has more idea than anyone here, including me. I could trade off his lines. This guy also has some good analysis.

I added to my longs at 1.3262 but only because of a trending strategy. As I said earlier, it is a bit late to open longs, as there may be some retracement. I don't trade into retracements, I use them as an opportunity to add longs.

1.3450 might be a breathing space and of course, 1.35 is a great target.

still won't be surprised if 3290 is all it can rally to.

It's a low energy pair today and given the time of day unlikely to make much of a break. Even if it succeeds in pushing through the current HOD at 90 it's still got the 3300 level to contend with and the daily R3 just 15 pips above that. Not a lot to play for, but with potentially greater downside. Never a good deal.

There is the weekly API Crude Oil Stocks report at 21:30 (BST) but that's unlikely to disturb the equilibrium greatly.

Even Trump deciding to wage war on OPEC's 'artificially' (it's always artificial Donald...) high prices given surplus sitting around in tankers and depots worldwide isn't going to move that market.

In the 1,3305/20 area

Looking at 1,3235/40 where it will either bounce back up or head towards 1,3165/72

Time will tell

A very strong UP trend... unless it breaks 1.3232 level which could be a good stop loss

QM setup! 1.3540 potential target if the news is good.

and my platform froze during the news lol

God bless bulls, lol.

Yeah too fast for 80 pips movement in 1 sec

You're welcome all for the 100 pips

Hi, Thank you (didn't take this trade though). Could you please explain what H & QML setups is please? Head? + Qsomething M something Low?

Kind Regards,
Tzamo

if OPEC come out with a significant increase in oil production, the we can see 35xx

do not remember such a nice spike in ages. wish there were more of these

Why usd cad get down like this however bad news?

Oil

So does this means usdcad will keep going down?

I have no idea but when oil gains $5 in roughly 36 hours, or about 7.5% then CAD will be moving up regardless of bad CPI/RETAIL SALES numbers. For now it looks like 1.3265 should act as support. We shall see next week.

Oil just surged past the monthly fibo pivot @ 68.50 and is now sitting 69