USD/CAD

Looks like really bad CAD data coming out tomorrow morning. So I expect this to have at least one more push up at that time.

I took a small flyer short on this at 1.33210 just to keep it on my radar. Want to load up short after tomorrow if there is a nice big spike up. I want to weigh the probability of price action and if it will have downside follow thru within 4 hours after the news. If not I will bail, I don't want to pay the swaps on this over the weekend. The better trade is to look for a bigger short trade on Monday, till then just small stuff for me.

Best wishes all!

UC

bro...boleh share template sm indi2 yg bro pakai>??

UC

1ST TRY SL 3 PIP

hurm...krikrik

TGIF CLOSED

Me too just closed two entries ... very quick maturation

USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3374 had completed at 1.3068 already. Further rally is still possible and next target would be at 1.3280 area. Near term support is at 1.3170, a breakdown below this level could trigger another fall towards 1.3050.

UC

https://www.forexfactory.com/showthr...9#post11980149

USDCAD possible changeS TP1 to 1.273

take profit target 1.30 hopefully

I expect this to go back and retest the high, before the big turn and burn. So looking like next week for the big short.

I made some quick money on that dip. Moved on with life will take a look at this again, waiting for 1.33 and above to build a short position again. Maybe even a bit higher than that.

UC

looks like more upside for usd to me usd is out performing most other currencies this week

usdcad

uSDCAD: USD projected strong this week, with CAD, NZD projected weak.

An interesting trading idea

50.0% CORRECTION ZONE ON USD/CAD


On Friday, February 8, aggressive sales of USD/CAD were observed. Loonie updated key lows. Today, the USD/CAD quotes are testing the 50.0% correction zone. The USD/CAD currency pair is tending to decline. Local support is the level of 1.32700. We recommend paying attention to this situation.

If the price fixes below 1.32700, it is necessary to look for entry points to the market to open short positions. The immediate goal for profit taking is the support level of 1.32400. The movement is tending to the round level of 1.32000. When following a position, we recommend using a trailing stop.

The analysis is taken from here.