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USD/CAD

Quoting Superflex
today i didnt understand this pair!
Look at Canadian pair against every other currency. It should give you a glimpse of why UC is the way it is. Dont expect uc to be in correlation to EU and several other pair. Perhaps something happen in canada
Trade what you see, take what the market gives you.
Just tossed a coin and took a short on euraud at 1.6350 with 20 pips stop loss..
Didn't get any signal....just took as it is at resistance and I don't have any trades open
Itchy fingers
Quoting Forexnewbe14
Just tossed a coin and took a short on euraud at 1.6350 with 20 pips stop loss.. Didn't get any signal....just took as it is at resistance and I don't have any trades open Itchy fingers
Moved sl to be.
If this is a double top on daily......I will hold it for 1 to 2 weeks.
flag has formed on hrly will be long if breaks 3068 hi from yesterday.
It's looking bullish. If next week we see 1.3120 I'm considering going short on the pair.
The USDCAD breaks above the 55 day EMA at the 1.2997 level and consolidates around that zone with a good resistance at the 1.3081 level. To the downside, the most relevant suppor is at the 1.2800 level.
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short 3005.
Quoting Superflex
short 3005.
that was a fake break out. triggering stops.
Quoting Superflex
{quote} that was a fake break out. triggering stops.
this is it. this is the drop ive been waiting for.
The USDCAD will continue to go down.
Yesterday I wrote that it would break it's monthly and weekly pivot to at least 1.2960 (which it did pretty accurately, it's the 38.2 retracement fibonacci) but it seems that my post was not added by the moderator.
I think we can expect another drop today to at least 1.2950.
I hope you guys will get to read this one
There are winners and losers in Forex, I choose to be a winner
Quoting Bolos
The USDCAD will continue to go down. Yesterday I wrote that it would break it's monthly and weekly pivot to at least 1.2960 (which it did pretty accurately, it's the 38.2 retracement fibonacci) but it seems that my post was not added by the moderator. I think we can expect another drop today to at least 1.2950. I hope you guys will get to read this one

also good support at 2880 to 2900. might TP at 2875 or so. cant decide yet. but if breaks those support then further down will go.
All the CAD pairs are heading towards a reversal....look at audcad, eurcad...
Audcad has carved bearish pinbar....for eurcad one can go short at 1.5120 with 30 to 50 pips stop loss.....it will be a good r:r trade I think....
Outlook is bearish with hourly resistance at 1.30026. Sell on close below 1.29543 (yesterday's low) . TP 1.28865 (support)
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My TP is set around 1.287** not big difference..
There is NO god.. Only the believers!
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Put in a long order about an hour ago. The fundamentals seemed good for the US dollar and not so great for the Canadian, thus giving strength to a long position. Also, WTI I believe is going to go bearish for a bit. Didn't get the best entry on the Technicals (RSI mainly), but overall I think going long is where its at here. Got my take profit and stop loss set so we'll see.

Hourly Chart
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Seems to have consolidated around the 1.30 area. I don't think there will be anything major happening to this pair soon.
Quoting FX Beginner
{image}
HI FX Beginner

I think so.
If the resistance H1 1.299xx or THV3 R2 batted it back
D1 end from retracement.
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The consistent profit comes from the perfect algorithm.
to 1.3024 and after the free fall!
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