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USD/CAD

Quoting RobyTurboSS
Real LONG opportunity @1.30887... sellers are out of their trading range,the market will move against them next 24 hours...
Maybe. Maybe not.
I'm waiting for 1.3035 - 1.3045 for long. We'll wait and see.
Lost....
Quoting artestine
{quote} Well, for your reason I go against USD only with CAD, rarely with NZD or AUD. I see a stronger CAD for fundamentals (moreover I think Oil will go up in the next days/weeks) plus technical reasons to let me think to short USD/CAD at least until 1.3025 (if nothing in the next days happens to change my perspective). But I repeat, it's only my opinion. Anyway I say that it's not that easy because in this case everyone would do it easily and everyone will be super rich
I would start to close all the sell positions on USDCAD and start to search for long opportunities when right setups appear
Give me a lever long enough and a place to stand, and I will move the Earth
UC
Going to a new monthly low.
Long cad
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Learn THEN Unlearn
My guess... We all know how much the inventory numbers for crude will impact the cad right? Well oil is going to continue down if you follow the blue line down. CAD will devalue as oil goes down so the USDCAD will go up.
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i think USDCAD actually can make a retracement up till 1.3130.
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bought at 1.3080 for 1.3170 intraday if it happens
Quoting Tekin
bought at 1.3080 for 1.3170 intraday if it happens
i was thinking why its not inreasing. i should wait for 1.3027 or 1.2977

ok lets wait stop is todays low 1.3060
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Quoting Tekin
{quote} i was thinking why its not inreasing. i should wait for 1.3027 or 1.2977 ok lets wait stop is todays low 1.3060 {image}
Amazingly all are long on usdcad. Im looking for 3210 and 3317
Quoting Rajni1
{quote} Amazingly all are long on usdcad. Im looking for 3210 and 3317
I finish today but agree with you but 1.3280 is realistic
CIBC Research discusses USD/CAD tactical view in the near-term and strategic view in the long-term.
"Tactical View: We’ve likely entered a new consolidative range for the pair (1.30001.3350), and we’re against establishing fresh shorts here.

Strategic View: USD/CAD will move higher in the coming quarters as the CAD goes back to being a high beta play on the US economy. Our target is above 1.40 in H2 2020," CIBC notes.

"Consolidation is different than an extension lower. The policy picture doesn’t endorse shorting the pair. Why would you short USD/CAD when the market has the Fed priced for two cuts by next June, but very little for the Bank of Canada in that same timeframe? This extension lower is being driven by broad USD weakness as opposed to endogenous CAD strength alone. That makes it difficult to short the pair strategically," CIBC adds.
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I think USDCAD have reach a resistance at 1.3100 and more down moves are good possible.
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Quoting Beyfor
{image}
UPDATE

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great shot ...
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"The freedom of the other extends mine to infinity"
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And now welcome to the new world price USD/cad 1.3100-1.3500
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Quoting rosadlie
And now welcome to the new world price USD/cad 1.3100-1.3500 {image}
Those buy orders will get you a margin call someday. You kept buying on a downtrend and lucky to see a favorable move before your account blows up. I understand it is a demo account based on your lot size. But trust me, you wont be profitable in long term with that kind of trading.
Quoting shahab8b
{quote} Those buy orders will get you a margin call someday. You kept buying on a downtrend and lucky to see a favorable move before your account blows up. I understand it is a demo account based on your lot size. But trust me, you wont be profitable in long term with that kind of trading.
Yeah, it would be a different story if he uses low leverage.
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