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USD/CAD

  • #15,821
  • Dec 4, 2020 6:31pm Dec 4, 2020 6:31pm
maybe nex target.....1.25xx
  • #15,822
  • Dec 5, 2020 8:52am Dec 5, 2020 8:52am
Quoting suyung88
maybe nex target.....1.25xx
Yes, upper 1.25XX zone. This is important. Approaching a support that will not break. 200 and 100 MONTHLY moving averages. A huge correction is coming. Stock market indexes at all time highs. GBP/USD hit 1.35 and a BREXIT deal is expected this weekend. A confluence of highs and events and correlations as USD/CAD approaches this 1.2580 level. Do not let them shake you out of this buy level.
Be humble or be humbled.
  • #15,823
  • Edited 2:47pm Dec 5, 2020 12:58pm | Edited 2:47pm
With usd being weak and buying interest for CAD is on the rise due to oil demand heading into next year. I may hold on to this for months and add more to strong pull backs. I see USD/CAD pushing down to 1.23XX zone and in the coming months further down past 1.23XX zone. Being careful and monitoring Brexit talks, a trade deal is what I am looking for as a bear here, however a no deal can create demand for USD as it is a safe haven currency. Let's see how things go as the weeks unfold.
Attached Image (click to enlarge)
Click to Enlarge Name: forexfactorlivetrade1.png Size: 112 KB
Master your mind. Master Trading.
  • #15,824
  • Dec 5, 2020 5:33pm Dec 5, 2020 5:33pm
Quoting Temujin
{quote} Yes, upper 1.25XX zone. This is important. Approaching a support that will not break. 200 and 100 MONTHLY moving averages. A huge correction is coming. Stock market indexes at all time highs. GBP/USD hit 1.35 and a BREXIT deal is expected this weekend. A confluence of highs and events and correlations as USD/CAD approaches this 1.2580 level. Do not let them shake you out of this buy level.

100% AGREE!

buy usdcad ... sell Eur/usd!!!!
  • #15,825
  • Dec 6, 2020 1:50pm Dec 6, 2020 1:50pm
Quoting princeali115
With usd being weak and buying interest for CAD is on the rise due to oil demand heading into next year. I may hold on to this for months and add more to strong pull backs. I see USD/CAD pushing down to 1.23XX zone and in the coming months further down past 1.23XX zone. Being careful and monitoring Brexit talks, a trade deal is what I am looking for as a bear here, however a no deal can create demand for USD as it is a safe haven currency. Let's see how things go as the weeks unfold. {image}
We must also pay attention to the $900 billion bipartisan package this week, if this approves we will see further USD downside.
Master your mind. Master Trading.
  • #15,826
  • Dec 7, 2020 4:56am Dec 7, 2020 4:56am
this dip was bought heavily - look for caddie to run up fairly quickly.
In tea leaves we trust!
  • #15,827
  • Dec 7, 2020 5:05am Dec 7, 2020 5:05am
sorry i'm looking at futs. so i'm looking to short spot.
In tea leaves we trust!
  • #15,828
  • Dec 7, 2020 8:13am Dec 7, 2020 8:13am
Dead cat bounce, I expect positive CAD data will bring this pair down to the abyss.
  • #15,829
  • Dec 7, 2020 8:39am Dec 7, 2020 8:39am
Quoting YvonneVon
Dead cat bounce, I expect positive CAD data will bring this pair down to the abyss.
what makes you think pos data? I don't have a view just curious
In tea leaves we trust!
  • #15,830
  • Dec 7, 2020 10:57am Dec 7, 2020 10:57am
messing around here 1.28 ish but i reckon it will move to 1.2625 ish fairly quickly

as ever we'll see.
In tea leaves we trust!
  • #15,831
  • Dec 7, 2020 11:12am Dec 7, 2020 11:12am
Quoting Mcbeaners
messing around here 1.28 ish but i reckon it will move to 1.2625 ish fairly quickly as ever we'll see.
Actually I hope it falls to buy tomorrow. Great opportunity
  • #15,832
  • Dec 7, 2020 3:21pm Dec 7, 2020 3:21pm
Choppy day I say for USD, The strong bullish candle is the brexit news that happened this early morning GBP fell very hard. It seems our previous monthly support is acting as our resistance. Meanwhile still waiting on the white house to approve this bipartisan covid bill to pass, talks will go on for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: tradeupdateUSDCAD.png Size: 107 KB
Master your mind. Master Trading.
  • #15,833
  • Dec 7, 2020 5:17pm Dec 7, 2020 5:17pm
Quoting princeali115
Choppy day I say for USD, The strong bullish candle is the brexit news that happened this early morning GBP fell very hard. It seems our previous monthly support is acting as our resistance. Meanwhile still waiting on the white house to approve this bipartisan covid bill to pass, talks will go on for the week. {image}
moved SL into TP to yesterdays hi. Not certain of brexit deal, not certain of a bipartisan deal as well especially McConnell's comments earlier. The FDA refusing the invitation to the white house vaccine summit is also concerning.
Master your mind. Master Trading.
  • #15,834
  • Dec 8, 2020 7:11am Dec 8, 2020 7:11am
Going to start longing this. Looks good
  • #15,835
  • Dec 8, 2020 2:32pm Dec 8, 2020 2:32pm
Quoting Vincent1
Waiting to see the price action around 1,27 There is an AB=CD targeting the area, and the area is important on Weekly chart {image}{image}
Quoting Vincent1
{quote} To add confluence, for who loves Harmonic Patterns, there is a nice Crab in the area too {image} {image}
Still hoping for a possible strong move in area 1.2700/1.2750 for the higher time frame

But on lower time frame there is a good opportunity to sell around 1.2850, butterfly pattern with 1,61AB=BC, target a new LL. I already have the alert there, if not on screen tomorrow i will put a sell limit order
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADm15.png Size: 75 KB
  • #15,836
  • Dec 8, 2020 4:59pm Dec 8, 2020 4:59pm
Quoting Mcbeaners
messing around here 1.28 ish but i reckon it will move to 1.2625 ish fairly quickly as ever we'll see.
i was away today. but looking now at it, it appears they double down on their shorts. so I did as well. we'll see.

I just have expected some usd moves as it was tueday today. anyway it as a good short not its a great short imo.

we'll see.
In tea leaves we trust!
  • #15,837
  • Dec 8, 2020 5:05pm Dec 8, 2020 5:05pm
10:00 EST CAD BOC Rate Statement

could be what they are working to?
In tea leaves we trust!
  • #15,838
  • Dec 9, 2020 12:48am Dec 9, 2020 12:48am
Quoting Mcbeaners
10:00 EST CAD BOC Rate Statement could be what they are working to?
i prefer buy USDCAD targetting to 1.29 area, let see when steven poloz still want keeping looney weak
  • #15,839
  • Dec 9, 2020 6:04am Dec 9, 2020 6:04am
Quoting Mcbeaners
messing around here 1.28 ish but i reckon it will move to 1.2625 ish fairly quickly as ever we'll see.
Usd looks very weak
  • #15,840
  • Dec 9, 2020 6:34am Dec 9, 2020 6:34am
Quoting Suj
{quote} Usd looks very weak
Looks like it be, but we will see that today DXY will have hidden surprise power to climb up fast.
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