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USD/CAD

  • #13,341
  • Aug 2, 2018 10:57am Aug 2, 2018 10:57am
To me, it is very clear AB=CD , and CD has many small waves, seem UC is exhausted.
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  • #13,342
  • Aug 2, 2018 1:37pm Aug 2, 2018 1:37pm
LONG!
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  • #13,343
  • Aug 2, 2018 2:21pm Aug 2, 2018 2:21pm
just sold 1.3020, maybe it's about to drop under 1.2960 ...
  • #13,344
  • Aug 2, 2018 2:29pm Aug 2, 2018 2:29pm
Long? In my opinion there's still a room for this pair to go downside. 1.2950 area likely. Just my thought, i may be wrong or right. Happy trading guys!
  • #13,345
  • Aug 3, 2018 3:53am Aug 3, 2018 3:53am
Well we got 3 hours till CAD trade balance news and it seems to be positive right now
I don't know if I have got it right but it seems most of the so called red CAD news tend to make just a spike in the original trend
I have been monitoring CAD news for just a month and I'm not sure if my statement here is correct and if someone could correct me I'd be grateful
  • #13,346
  • Aug 3, 2018 4:35am Aug 3, 2018 4:35am
USDCAD is trading above the support level 1.30089 and forms a channel pattern in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair would face hurdle at first resistance level 1.30387 and if it breaches this level then it will face second resistance at 1.30496. Further mounting pressure will force the pair to climb till level of 1.30736, followed by a solid breakdown of pattern which will result the pair to attain level of 1.31652 after breaching fourth resistance at 1.31065

If it crosses the support level, then it could get second support at 1.29969 and may witness a fall till level of 1.29560 after failure to sustain above third support at 1.29757
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  • #13,347
  • Aug 3, 2018 4:42am Aug 3, 2018 4:42am
Quoting aa4fx
just sold 1.3020, maybe it's about to drop under 1.2960 ...
I am currently out it.
now @ 1.3018
I think that 1.3056 will be touched, could it be directly or after a go to 1.2996 ... Then, a free fall could follow.
  • #13,348
  • Aug 3, 2018 10:27am Aug 3, 2018 10:27am
Hit lower low since June 14 2018.
Will it keep going despite strong economy statements
market is a device for transferring money from the impatient to the patient
  • #13,349
  • Aug 3, 2018 11:34am Aug 3, 2018 11:34am
Daily Chart on Dollar Index.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #13,350
  • Aug 5, 2018 9:03pm Aug 5, 2018 9:03pm
Currently in correction downtrend... don't know if it will break up or down.
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  • #13,351
  • Aug 6, 2018 5:44am Aug 6, 2018 5:44am
LONG!
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  • #13,352
  • Aug 6, 2018 8:44am Aug 6, 2018 8:44am
Quoting bigiivan
LONG! {image}
I will close one part when it break 1,3039.
And move stop.
  • #13,353
  • Aug 6, 2018 9:43am Aug 6, 2018 9:43am
Quoting bigiivan
{quote} I will close one part when it break 1,3039. And move stop.
do ECAD GCAD will effect follow UCAD ?
  • #13,354
  • Aug 6, 2018 11:08am Aug 6, 2018 11:08am
Quoting FloatingCha
{quote} do ECAD GCAD will effect follow UCAD ?
USD/CAD is major pair, the others are not.
  • #13,355
  • Aug 6, 2018 4:38pm Aug 6, 2018 4:38pm
Quoting FloatingCha
{quote} do ECAD GCAD will effect follow UCAD ?
- Source: https://www.myfxbook.com/en/forex-market/correlation
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  • #13,356
  • Aug 7, 2018 12:52pm Aug 7, 2018 12:52pm
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Was it news or market that moved ~90 pips?
market is a device for transferring money from the impatient to the patient
  • #13,357
  • Aug 7, 2018 12:58pm Aug 7, 2018 12:58pm
Quoting bs4
{image} Was it news or market that moved ~90 pips?
preparation for 1.2920, my believe.
  • #13,358
  • Aug 7, 2018 1:13pm Aug 7, 2018 1:13pm
Damn, it had such a nice run to the downside, but now it looks like it's retracing back up and could even be continuing the larger bull trend. Missed the chance to close in the profit.
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  • #13,359
  • Aug 8, 2018 2:44am Aug 8, 2018 2:44am
Do anyone know what this pair trying to do right now
  • #13,360
  • Aug 8, 2018 2:55am Aug 8, 2018 2:55am
UC just started to go up, still go up in next some days...
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