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USD/CAD

  • #16,041
  • May 12, 2021 9:32am May 12, 2021 9:32am
Quoting Denden2012
{quote} You are likely to get steamrolled if you bought USD at 1.206
Why?
A 1 pip gain is better than a 1 pip loss.
  • #16,042
  • May 12, 2021 9:57am May 12, 2021 9:57am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 53 KB
  • #16,043
  • May 12, 2021 9:59am May 12, 2021 9:59am
The chart finally looks good for a healthy long to 1.23.

Good risk reward
  • #16,044
  • May 12, 2021 10:03am May 12, 2021 10:03am
Quoting Denden2012
{quote} You are likely to get steamrolled if you bought USD at 1.206
I bought UsdCad at any step it moving up!!! 1.2060-1.2070-1.2080-1.2090 and keep it until it move through 1.2200,haha
  • #16,045
  • May 12, 2021 11:31pm May 12, 2021 11:31pm
doing nothing at the moment. just observing reactions.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,046
  • May 13, 2021 1:16am May 13, 2021 1:16am
UsdCad need to pass 1.2155 first then 1.2195. I love to see it pass 1.2200 tomorrow
  • #16,047
  • May 13, 2021 1:51am May 13, 2021 1:51am
sell 1.21222
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,048
  • May 13, 2021 4:05am May 13, 2021 4:05am

USDCAD Daily Outlook


Ichimoku analysis (1-Hour Chart) Tenken-Sen- 1.21251 Kijun-Sen- 1.20961 USDCAD has recovered more than 100 pips from a low of 1.20461 on broad-based US dollar selling. The pair was one of the worst performers in the past four months and lost more than 6.5%. The surge in commodities such as Copper and Iron ore is supporting commodity currencies such as the Australian and Canadian dollar. DXY surged yesterday after upbeat US CPI data. . The US inflation rose by 0.8% in Apr much better than the forecast of 0.2%. The annual inflation surged to 4.2% in Apr from 2.6% in Mar, the highest level in 13 years. The US 10-year yield surged more than 6% from yesterday's bottom 1.609%. USDCAD hits an intraday high of 1.24164 and is currently trading around 1.21400. WTI crude oil declined slightly after hitting 8- week high. The decline in the number of corona cases and vaccine optimism has increased the demand for crude oil. The short-term trend is bullish as long as support $62.30 holds. Technically, the pair faces near-term resistance at 1.2150. Any indicative break above will take till 1.21850/1.2200/1.2280. Major trend continuation only above 1.2660. The significant support is around 1.20450. Any violation below will take to the 1.2000/1.19450. Indicator (1-hour chart) CAM indicator – Bullish D4irectional movement index –Bullish It is good to buy on dips around 1.2128-30 with SL around 1.2090 for a TP of 1.2270.
to err is human
  • #16,049
  • May 13, 2021 7:30am May 13, 2021 7:30am
Quoting masudsardar
USDCAD Daily Outlook Ichimoku analysis (1-Hour Chart) Tenken-Sen- 1.21251 Kijun-Sen- 1.20961 USDCAD has recovered more than 100 pips from a low of 1.20461 on broad-based US dollar selling. The pair was one of the worst performers in the past four months and lost more than 6.5%. The surge in commodities such as Copper and Iron ore is supporting commodity currencies such as the Australian and Canadian dollar. DXY surged yesterday after upbeat US CPI data. . The US inflation rose by 0.8% in Apr much better than the forecast of 0.2%. The annual inflation...
MMs are all commenting UC will drop back. Beware of their intentions
  • #16,050
  • May 13, 2021 9:52am May 13, 2021 9:52am
Quoting alivepool
{quote} MMs are all commenting UC will drop back. Beware of their intentions
which websites do you normally get the news from?
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,051
  • May 13, 2021 12:36pm May 13, 2021 12:36pm
Quoting Inthebox
sell 1.21222
2nd sell and no more at 1.22009 as i think it's an exhaust move.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,052
  • May 13, 2021 9:52pm May 13, 2021 9:52pm
Quoting Inthebox
{quote} 2nd sell and no more at 1.22009 as i think it's an exhaust move.
you're still holding your first short?
i may say that your account probably are in pain if you hold too long.
  • #16,053
  • May 14, 2021 12:56am May 14, 2021 12:56am
Quoting Inthebox
{quote} which websites do you normally get the news from?
No special feed, jus normal news from my broker, cnbc, investing.com, dailyfx etc

Jus gather overall sentiment from banks that they see more downside in usdcad n any uptick from usd is a selling opportunity
  • #16,054
  • May 14, 2021 1:33am May 14, 2021 1:33am
Quoting hans91
{quote} you're still holding your first short? i may say that your account probably are in pain if you hold too long.
different style.
to some who likes to have big lots are in pain.
to those having control over lot size and trend following it's normal.
let the final result speak for itself.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,055
  • May 14, 2021 2:20am May 14, 2021 2:20am
Quoting Inthebox
{quote} different style. to some who likes to have big lots are in pain. to those having control over lot size and trend following it's normal. let the final result speak for itself.
I see overall trend still points to downward since majority of traders start to believe in fed on high inflation being transistory and fed officials last night cant wait to come out to reiterate this point. So this negates the boc governor talk last nite that boc has to watch n change their policy stance if cad continue to rise
  • #16,056
  • May 14, 2021 2:23am May 14, 2021 2:23am
Quoting alivepool
{quote} I see overall trend still points to downward since majority of traders start to believe in fed on high inflation being transistory and fed officials last night cant wait to come out to reiterate this point. So this negates the boc governor talk last nite that boc has to watch n change their policy stance if cad continue to rise
Sometimes i wonder y fed officials cant keep their mouth shut for a moment. They could just let mkt do its move while they stick to their own guns. They just cant wait to kill usd. No wonder trump call fed a bunch of idiots
  • #16,057
  • May 14, 2021 2:30am May 14, 2021 2:30am
Quoting alivepool
{quote} I see overall trend still points to downward since majority of traders start to believe in fed on high inflation being transistory and fed officials last night cant wait to come out to reiterate this point. So this negates the boc governor talk last nite that boc has to watch n change their policy stance if cad continue to rise
i only trade what i see on the chart.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,058
  • May 14, 2021 3:09am May 14, 2021 3:09am
Quoting Inthebox
{quote} i only trade what i see on the chart. {image}
So it is going back down afterall? after 1 day drama
  • #16,059
  • May 14, 2021 3:20am May 14, 2021 3:20am
Quoting alivepool
{quote} So it is going back down afterall? after 1 day drama
the trend is down but i mentioned before, it hit a major support, nobody knows when price will break that.
maybe until they are satisfied when they accumulate enough to sell at higher prices.

Quoting Inthebox
{quote} yes IF price breaks convincingly. since it's a major support and a thick zone, my initial reaction is that price will get rejected and bounce up. suspect that it could be no further than the 2 zones fib 38 - 62. could take days or weeks nobody knows. just watch how price reacts. {image}
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,060
  • May 14, 2021 3:54am May 14, 2021 3:54am
Quoting alivepool
{quote} So it is going back down afterall? after 1 day drama
Attached Image (click to enlarge)
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