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USD/CAD

  • #13,301
  • Jul 27, 2018 4:16am Jul 27, 2018 4:16am
USDCAD is trading above the support level 1.30546 and forms a downward wedge pattern in a technical 4-hour chart. I expect the bullish momentum to continue on next trading hours, pair would face hurdle at first resistance level 1.30763 and if it breaches this level, then it will face second resistance at 1.30985. Further mounting pressure will force the pair to climb till level of 1.31556 after breaching of third resistance at 1.31238. A solid breakout of pattern will make the pair to attain a height of 1.32142

If it crosses the support level, then it could get second support at 1.30311 and may witness a fall till level of 1.29591 after sustenance below third and fourth support level at 1.30129 & 1.29929
Attached Image (click to enlarge)
Click to Enlarge Name: 27 July USDCAD.PNG Size: 79 KB
  • #13,302
  • Jul 27, 2018 5:08am Jul 27, 2018 5:08am
5min.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_ 1 30740 ▲+0.02% — Tidak dinamakan — TradingView.jpg Size: 103 KB
  • #13,303
  • Jul 27, 2018 5:11am Jul 27, 2018 5:11am
1.2920 would be a good point to buy.
  • #13,304
  • Jul 27, 2018 6:15am Jul 27, 2018 6:15am
Quoting aa4fx
I sold 1.3069
I just closed it, will see it later ...
  • #13,305
  • Jul 27, 2018 7:19am Jul 27, 2018 7:19am
i didnt understand why usdcad seems to hesitate making good bullish candle for 30min h1 h4 while USDJPY and USDCHF already did.. probably asking for much lower price.. hmm

30min usdcad.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_ 1 30615 ▼−0.08% — Tidak dinamakan — TradingView (1).jpg Size: 51 KB
  • #13,306
  • Jul 27, 2018 7:22am Jul 27, 2018 7:22am
Quoting aa4fx
{quote} I just closed it, will see it later ...
homework done, pending sell from 1.3117 and/or whatever else will be when it will start moving ...
  • #13,307
  • Jul 27, 2018 7:51am Jul 27, 2018 7:51am
Quoting aa4fx
{quote} homework done, pending sell from 1.3117 and/or whatever else will be when it will start moving ...
I'll keep that pending but I also just sold 1.3063
  • #13,308
  • Jul 27, 2018 8:29am Jul 27, 2018 8:29am
urghh.. trump speech in minutes.

"Release time comes as a surprise from source. Event added to calendar 35 minutes before release time;"
  • #13,309
  • Jul 27, 2018 9:24am Jul 27, 2018 9:24am
I'm bearish on the pair until 1.2900.
  • #13,310
  • Jul 27, 2018 9:33am Jul 27, 2018 9:33am
UC is like watching paint dry today, ready for some movement to 1.29xx.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #13,311
  • Jul 27, 2018 9:56am Jul 27, 2018 9:56am
Quoting aa4fx
{quote} I'll keep that pending but I also just sold 1.3063
I just closed it @ 1.3056
  • #13,312
  • Jul 27, 2018 10:15am Jul 27, 2018 10:15am
Sure would be nice if we break out of this tight range and head further down very soon.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #13,313
  • Jul 27, 2018 10:22am Jul 27, 2018 10:22am
I would prefer UP
There is NO god.. Only the believers!
  • #13,314
  • Edited 11:22am Jul 27, 2018 10:53am | Edited 11:22am
Quoting Lee337
I would prefer UP
USD is overbought and has a high chance it will head lower before it comes back up. I was thinking the same thing as you until someone reminded me of this yesterday. I could be wrong, anything can happen(i.e. Trump tweet), below is a snip of DXY. Like I said, I could be wrong, have been before, but this is why I changed my position yesterday(plus PA). Maybe we will both be right and it will head up and then plummet down! Also, I am probably trading on a different time frame and method than many people who reads this, so may only apply to my situation.
Attached Image
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #13,315
  • Jul 28, 2018 6:46am Jul 28, 2018 6:46am
Ture.. Anything can happen and it will You are correct about everything you said and yes its logical to be selling Usd, trump tapes etc.. their economy still growing and it cant do this for ever i just need it to break out north and then it can crash ) i left my orders over weekend.. hope we all make some pips.
There is NO god.. Only the believers!
  • #13,316
  • Jul 28, 2018 1:37pm Jul 28, 2018 1:37pm
Quoting Lee337
Ture.. Anything can happen and it will You are correct about everything you said and yes its logical to be selling Usd, trump tapes etc.. their economy still growing and it cant do this for ever i just need it to break out north and then it can crash ) i left my orders over weekend.. hope we all make some pips.
Daily we will see a bounce at the 129.50 area 100 Day EMA.
Later we will continue down to the 200 Day EMA at 128.70
Then up, up up as the stock market starts to fall and the Fed tools up for another rate hike in Sept.
Be humble or be humbled.
  • #13,317
  • Jul 30, 2018 4:19am Jul 30, 2018 4:19am
Pair forms symmetrical triangle pattern , I expect the bearish momentum to continue for next trading hours, with first support at 1.30546 and second support at 1.30390. Further mounting pressure will force the pair to fall till level of 1.29929, after sustenance below third and fourth support at 1.30311 & 1.30129

If it breaches the resistance level, then it could face hurdle at second resistance level 1.30852 and may witness a climb till level of 1.31334 after breaching third and fourth resistance at 1.30987 & 1.31103
Attached Image (click to enlarge)
Click to Enlarge Name: 30 July USDCAD.PNG Size: 73 KB
  • #13,318
  • Jul 30, 2018 5:03am Jul 30, 2018 5:03am
I'm short US/Ca
using VSA as visible in the chart..
Attached Image
Meditate -> Workout -> Good Food = Good Life!
  • #13,319
  • Jul 30, 2018 5:40am Jul 30, 2018 5:40am
Quoting YellowFellow
I'm short US/Ca using VSA as visible in the chart.. {image}
Tricky Monday.. closed for a tiny profit!
Meditate -> Workout -> Good Food = Good Life!
  • #13,320
  • Jul 30, 2018 9:59am Jul 30, 2018 9:59am
Closed my short @1.29982, what a good start to the week! Will look at a possible reload a little later.
Green Pips To All
"What the wise do in the beginning, fools do in the end."-Warren Buffet
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