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USD/CAD

  • #16,821
  • Jun 14, 2022 3:02pm Jun 14, 2022 3:02pm
Quoting YellowFellow
{quote} Yeah.. sure mate.
how do I reach you? Do you use whatsapp?
  • #16,822
  • Jun 15, 2022 12:41am Jun 15, 2022 12:41am
appears the second leg of the "W" developing to close the london session
Attached Image (click to enlarge)
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"TIME AND PRICE IS ALL THERE IS"
  • #16,823
  • Jun 15, 2022 4:44am Jun 15, 2022 4:44am
FOMC and then the BOE can push the Gold price higher, only for it to reverse later.

USD/CAD is likely breaking out past 1.304 for a bull trend towards 1.35+ when stocks fall hard, the FED will hike aggressively, and a recession develops in 2023.
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,824
  • Jun 15, 2022 5:31am Jun 15, 2022 5:31am
[quote=ForexGoose;14033270]FOMC and then the BOE can push the Gold price higher, only for it to reverse later. USD/CAD is likely breaking out past 1.304 for a bull trend towards 1.35+ when stocks fall hard, the FED will hike aggressively, and a recession develops in 2023. {image}[/quote
interesting take, must say i agreee
"TIME AND PRICE IS ALL THERE IS"
  • #16,825
  • Jun 15, 2022 11:12am Jun 15, 2022 11:12am
Whelp this dummy picked the pair that moved the least
  • #16,826
  • Jun 15, 2022 11:25am Jun 15, 2022 11:25am
Quoting Beerrun
Whelp this dummy picked the pair that moved the least
It will move back down fast if it doesn't exceed 1.304 soon on the Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-06-15_14-24-45.png Size: 36 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,827
  • Jun 15, 2022 11:30am Jun 15, 2022 11:30am
Quoting ForexGoose
{quote} It will move back down fast if it doesn't exceed 1.304 soon on the Daily chart. {image}
I agree with ya. Should have followed my gut and gone with NZD
  • #16,828
  • Jun 15, 2022 11:33am Jun 15, 2022 11:33am
Quoting Beerrun
{quote} I agree with ya. Should have followed my gut and gone with NZD
AUD, CAD, and NZD have mostly positive correlation though, especially during a stock market sell-off.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,829
  • Jun 16, 2022 5:17am Jun 16, 2022 5:17am
It could be that USD/CAD gets into and then above the red box on the chart.

Attached Image (click to enlarge)
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Stocks look bad pre-market already.

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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,830
  • Jun 17, 2022 12:09am Jun 17, 2022 12:09am
Trade has been working well all week for me.
  • #16,831
  • Jun 17, 2022 7:24am Jun 17, 2022 7:24am
Weekly close above 1.304 would signal a bullish breakout to the upside next week
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,832
  • Jun 17, 2022 8:39am Jun 17, 2022 8:39am
up almost 200 pips ...turtle trading is fuuuuuuuuuun!!!!
  • #16,833
  • Jun 17, 2022 9:07am Jun 17, 2022 9:07am
last year's high... 29636 interesting
"TIME AND PRICE IS ALL THERE IS"
  • #16,834
  • Jun 17, 2022 9:12am Jun 17, 2022 9:12am
Quoting Mpfreefx
last year's high... 29636 interesting
turtle trading is fuuuuuuuun!!!
  • #16,835
  • Jun 18, 2022 12:40am Jun 18, 2022 12:40am
The pair has been very bullish in the daily chart. However, it closed its trading week right at the resistance, where it had a massive rejection. Traders are to be very watchful here. A bullish breakout above the level may push the price towards the North. On the other hand, a bearish reversal pattern may drive the price towards the South.
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  • #16,836
  • Jun 18, 2022 4:18am Jun 18, 2022 4:18am
A dip into the CPI report is possible, followed by a breakout past 1.304 if Powell is hawkish next week.

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1.295 and 1.282 are support levels.

Stock selling should give USD/CAD a boost next week.

Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,837
  • Jun 18, 2022 12:50pm Jun 18, 2022 12:50pm
Quoting Fibonacci.bd
The pair has been very bullish in the daily chart. However, it closed its trading week right at the resistance, where it had a massive rejection. Traders are to be very watchful here. A bullish breakout above the level may push the price towards the North. On the other hand, a bearish reversal pattern may drive the price towards the South. {image}
never pays to predict or speculate. Just follow your system.
  • #16,838
  • Jun 19, 2022 6:16pm Jun 19, 2022 6:16pm
looks to be finding support at 3000. lets see what london does
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"TIME AND PRICE IS ALL THERE IS"
  • #16,839
  • Jun 19, 2022 6:30pm Jun 19, 2022 6:30pm
when i try to look at things in terms of only time and price, its seems to me at this exact moment only upward movement is showing. all the real decisions, in my opinion, will come at the 3100 level. depending what happens there the next stop should be 3350
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"TIME AND PRICE IS ALL THERE IS"
  • #16,840
  • Jun 20, 2022 7:47am Jun 20, 2022 7:47am
appears 3000 support is now acting as resistance this ny session.
Attached Image (click to enlarge)
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"TIME AND PRICE IS ALL THERE IS"
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