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USD/CAD

  • #14,401
  • Jan 8, 2019 7:54pm Jan 8, 2019 7:54pm
waiting tp, any pullback is a sell
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 186 KB
Don't believe me just watch!
  • #14,402
  • Jan 8, 2019 8:13pm Jan 8, 2019 8:13pm
This is what I am expecting. Let see how the market works.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 182 KB
Don't believe me just watch!
  • #14,403
  • Jan 9, 2019 2:20am Jan 9, 2019 2:20am
There are no doubt arguments for why the Bank of Canada could take a break in the rate cycle tonight, as ¾ of the market expects. At its December meeting it maintained its restrictive approach but it sounded a little more cautious than in October when it hiked the key rate by 25bp to 1.75%. It is concerned about the trade conflict between China and the US, which might put pressure on global demand, as well as low oil prices. The BoC is expecting slightly reduced economic momentum over the coming months. As a result a pause in the rate cycle in January cannot be excluded. On the other hand the BoC will also be publishing its monetary policy report containing the new forecasts today. Both economic momentum and inflation development justify another BoC rate hike today taking a break in the cycle after that, if the BoC really does consider a more cautious economic outlook like the Fed does. Moreover the BoC pointed out once again in December that the policy rate will need to rise into a neutral range to achieve the inflation target. In my view it would be better off using the opportunity now to hike its key rate again before fears of a recession increase on the markets, in case the current and any future negotiations between the US and China do not produce a break through after all. The least I expect is a significantly restrictive statement which is likely to support CAD somewhat. The CAD could no doubt cope with a rate hike even though it would no doubt push the CAD much higher in view of the market expectations. As long as USDCAD remains above 1.28-1.30 though the BoC is unlikely to worry.
  • #14,404
  • Jan 9, 2019 2:39am Jan 9, 2019 2:39am
So it means if they hike i can see a drop in USDCAD and if they are more dovish we can see a gain in USDCAD?

Probably they will be more dovish in me opinion as oil instable, Trade war, brexit, and us slowdown economy.
  • #14,405
  • Jan 9, 2019 2:54am Jan 9, 2019 2:54am
Quoting Plenov
There are no doubt arguments for why the Bank of Canada could take a break in the rate cycle tonight, as ¾ of the market expects. At its December meeting it maintained its restrictive approach but it sounded a little more cautious than in October when it hiked the key rate by 25bp to 1.75%. It is concerned about the trade conflict between China and the US, which might put pressure on global demand, as well as low oil prices. The BoC is expecting slightly reduced economic momentum over the coming months. As a result a pause in the rate cycle in January...
atleast please give credits to the content writers: here is the source link. It looks unethical to copy paste someone else's views without properly crediting the original author. Source of your post: https://www.econotimes.com/FxWirePro...of-BoC-1481758
Markets are Irrational
  • #14,406
  • Jan 9, 2019 3:06am Jan 9, 2019 3:06am
Quoting ArslanHyder
{quote} atleast please give credits to the content writers: here is the source link. It looks unethical to copy paste someone else's views without properly crediting the original author. Source of your post: https://www.econotimes.com/FxWirePro...of-BoC-1481758
Are you sure that this is the first source??
  • #14,407
  • Jan 9, 2019 3:55am Jan 9, 2019 3:55am
Quoting Plenov
{quote} Are you sure that this is the first source??
This was posted ahead of you... so i am sure you copied it from there...

PS: it is quite possible that you might be the contributor at that site.. if so then please mention that too that it was posted by you there..
Markets are Irrational
  • #14,408
  • Jan 9, 2019 7:05am Jan 9, 2019 7:05am
Massive dump today after the BOC decision
Don't Worry Be Happy
  • #14,409
  • Jan 9, 2019 7:08am Jan 9, 2019 7:08am
This dump is a first phase of a pump cooking up... so we would see a pump in couple of candles on H4
Markets are Irrational
  • #14,410
  • Jan 9, 2019 7:10am Jan 9, 2019 7:10am
CAD is a beauty!!
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 134 KB
Don't believe me just watch!
  • #14,411
  • Jan 9, 2019 7:41am Jan 9, 2019 7:41am
Looking forward to this:
Inserted Video
Markets are Irrational
  • #14,412
  • Jan 9, 2019 8:06am Jan 9, 2019 8:06am
nice
NEVER BREAK RULES
  • #14,413
  • Jan 9, 2019 10:49am Jan 9, 2019 10:49am
Quoting MrPresident
BOC decision is tomorrow, best to wait for better trade setup after the news buying looks attractive from the 1.32 level
bought from 1.32, stop around 1.318, target open
Don't Worry Be Happy
  • #14,414
  • Jan 9, 2019 9:38pm Jan 9, 2019 9:38pm
UC
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD.PNG Size: 30 KB
Click to Enlarge Name: UC LAVEL.PNG Size: 24 KB
Self discipline It is a practice
  • #14,415
  • Jan 12, 2019 5:26am Jan 12, 2019 5:26am
UC
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 38 KB
Self discipline It is a practice
  • #14,416
  • Jan 14, 2019 1:51am Jan 14, 2019 1:51am
quite a few have positions for a buy. target probably is looking 1.33 - 1.34
  • #14,417
  • Jan 14, 2019 2:39am Jan 14, 2019 2:39am
Oil futures are down significantly overnight
so, UCAD will rise to around 1.3350
  • #14,418
  • Jan 14, 2019 4:42am Jan 14, 2019 4:42am
im long looking for 1400 stops at 1.3060
  • #14,419
  • Jan 16, 2019 10:59pm Jan 16, 2019 10:59pm
Quoting dweb
BUY on RED (MAJOR) / GRAY (MINOR) : possible BOTTOM SELL on GREEN (MAJOR) / BLUE (MINOR) : possible TOP {image}
Hi dweb, could you update the charts for usd/cad?
This indicator (dwebTopbottom or dwebInverse) works simillar to cumulative volume? Thanks a lot. Best Regards
  • #14,420
  • Jan 17, 2019 8:36am Jan 17, 2019 8:36am
Quoting LCForex
CAD is a beauty!! {image}
Short at 1.3290 TP Still 1.2900
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 179 KB
Don't believe me just watch!
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