USD/CAD

its literally rejected going upward.bearish but very volatile

I believe today will be bearish day. Let's see

though in saying that it has not respected on technicals this week even the jpy crosses which have been wrongfully bullish. anyway market is king
anybody feel theres going to be a reversal?

do you think the usd/cad is just consolidating for a sharp move Down???

tp is 1.2820 sl is 1.2900 but this trade is 50:50 for me now. entry was 1.2924. have a good week

1.2742 would be a good opportunity to go long.

Milk matters! Allegedly the Canadian Minister of Foreign Affairs Chrystia Freeland seems to want to make concessions, in particular as far as the trade with dairy products is concerned (so far Canada is preventing the export of ultra-filtered milk from the US to Canada) as long as the US are willing to compromise in other areas, as in the question of dispute settlement mechanisms. According to Prime Minister Justin Trudeau an agreement can be reached by tomorrow, if it was to be a “right deal”. The question is whether Trudeau will remain firm in some matters and might thus face the criticism that he sounded the death knell for NAFTA. Or whether following the successful conclusion of an agreement between Mexico and the US he is more conciliatory and moves away from his conviction of “no deal might be better than a bad one”. We will know more by tomorrow evening. The publication of Q2 GDP this afternoon will get lost in all this, as the new trade agreement is much more important. If an agreement is reached by tomorrow evening CAD might record a relief rally towards 1.28 in USDCAD until tomorrow evening ahead of the weekend. Otherwise the cross is likely to move back up towards 1.30

it is resisting to move up..its like its made its mind to go down..1.2950 will be a neutral zone for me

changing s.l to 1.2935..the cad news soon and its looking like its preparing for the fall..crazy volatility

this looks like it just might be a sell still.. major volatile

please i don't understand as it just broke resistance so why do you think it is a sell plus it has definitely hit your stop loss

should have went with my instincts and went long at 8:15 smh. I rather be wrong than miss long term opportunities.

Yes it hit the stop loss..I put it there as a precaution.. 1.2935.. v small loss incurred..if the cad news tine candle backfired back to ..1.2935 form high of 1.2975 levels then I would have put a sell order again

Hi everyone,

As for USDCAD, it's gaining long-term down momentum and still in selling mode, it touched 38.2 FIB level at 1.2888 and rebounded upward to reach 1.2990 in today's
spike, it's predicted to turn upside down again and be sold off, potentially targeting 1.2740 which is 50.0 Fibonacci level.

I think a lot of bears waiting for USDCAD to sell it aggressively and today's news spike is just (a dead cat bounce).

I doubt crude can stay above 70 for much longer, which signals more USD buying.

Possible that we register a new high on this pair over the next few weeks, and this high may very well be the last buy up for the year. Green pips to all.

RBC (Royal bank of Canada) doesn't expect new highs as per the August 2018 financial release and forecast.

I shorted on the touch of 1.3000. Now its just consolidating, either will break higher or lower. Small trade, more of a test of my beliefs

Haven't post on here in more than a year, hope you all are doing well.

USD CAD D1 + H1 +15M

Nice looking charts, good analysis.

Preparing for a final move to the weekly Peabot. 100 pips in less than 24 hours