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USDCAD

  • #1
  • First Post: Dec 29, 2008 6:44pm Dec 29, 2008 6:44pm
On the daily chart, USDCAD has formed a triple top, with the neck line now at around 1.19-1.20 area. We all know the US economy is weak and looks to get weaker, but with what looks like a rebound on both gold and oil prices, do you guys think that USDCAD will breakdown and go into freefall?
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  • #2
  • Dec 29, 2008 7:35pm Dec 29, 2008 7:35pm
h4 RECTANGLE
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  • #3
  • Dec 30, 2008 1:30pm Dec 30, 2008 1:30pm
I think this thing is going to jump up big time in next few days.
  • #4
  • Dec 30, 2008 2:47pm Dec 30, 2008 2:47pm
Quoting Trader4ever
I think this thing is going to jump up big time in next few days.
im beginning to think so as well, there seems to be enough buying pressure to keep from breaking 1.20, and the fundamentals are working against CAD with oil and gold retreating today
  • #5
  • Dec 23, 2020 10:14am Dec 23, 2020 10:14am
Looks like a very clean double top on 1H. If we break the support and establish below it, I expect the price to go to 1.27321
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  • #6
  • Aug 3, 2022 4:37am Aug 3, 2022 4:37am
Have you noticed how much the Canadian dollar has fallen lately? I think it will continue to fall. What are your thoughts on this?
  • #7
  • Aug 3, 2022 3:26pm Aug 3, 2022 3:26pm
Quoting Tangerine.K
Looks like a very clean double top on 1H. If we break the support and establish below it, I expect the price to go to 1.27321 {image}
Good evening ..
The Canadian dollar has a strong bullish cycle tomorrow..
  • #8
  • Aug 16, 2022 5:27am Aug 16, 2022 5:27am
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Emotional Control. Process, not outcome.
  • #9
  • Aug 16, 2022 6:44am Aug 16, 2022 6:44am
Quoting Konichiwhaat
{image}
Out with 30 pips. Looking left, "technically" it could go a lot deeper
Emotional Control. Process, not outcome.
  • #10
  • Jan 23, 2023 7:58am Jan 23, 2023 7:58am
I believe 2023 will be very exciting for USDCAD. I believe USD will be weak and CAD strong, so my bias on USDCAD is short. But of course it won't be a straight line, but rather something fun and dangerous. Currently trading it long
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1.02^200
  • #11
  • Edited 9:49am Jan 23, 2023 9:32am | Edited 9:49am
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I predict the market will give us a push to north, if it retraces back to the QMD zone,
Reasons:-
15 Min QMD Pattern
4HR Engulfing pattern
Also HTF Resistance Area

Only for Intraday
  • #12
  • Jan 24, 2023 2:45am Jan 24, 2023 2:45am
Hi traders! Here is my projection for USDCAD.


USDCAD ready to give bears 400 pips!
Risk Management is of utmost importance!
  • #13
  • Jan 24, 2023 5:54am Jan 24, 2023 5:54am
Quoting akhilraj49
{image}I predict the market will give us a push to north, if it retraces back to the QMD zone, Reasons:- 15 Min QMD Pattern 4HR Engulfing pattern Also HTF Resistance Area Only for Intraday
Profit Booked
  • #14
  • Jan 25, 2023 11:47am Jan 25, 2023 11:47am
I am short since yesterday multiple small positions. Yet to take anyprofits.
Will just sit tight with em until profit.
You have an IQ lower than 90 if you interact with this user.
  • #15
  • Jan 26, 2023 11:11am Jan 26, 2023 11:11am
I interpret this as CAD strength. Am i wrong?

i am a new trader, so i don`t know as much as you guys, so please explain why i am right or wrong.
My sell positions of USD/cad is still open.
You have an IQ lower than 90 if you interact with this user.
  • #16
  • Jan 26, 2023 5:28pm Jan 26, 2023 5:28pm
Quoting Ferna
I interpret this as CAD strength. Am i wrong? i am a new trader, so i don`t know as much as you guys, so please explain why i am right or wrong. My sell positions of USD/cad is still open.
Closed all with 40 pip profit.
Reason: Don't wanna keep anything overnight.
You have an IQ lower than 90 if you interact with this user.
  • #17
  • Jan 27, 2023 4:16am Jan 27, 2023 4:16am
Quoting Ferna
{quote} Closed all with 40 pip profit. Reason:
Quote
Don't wanna keep anything overnight.
well i know you are a new member and clearly anew trader but what will happen overnight. thief will break into house open mt4 and close all positions? lol
  • #18
  • Jan 27, 2023 6:15am Jan 27, 2023 6:15am
Quoting Ferna
I interpret this as CAD strength. Am i wrong? i am a new trader, so i don`t know as much as you guys, so please explain why i am right or wrong. My sell positions of USD/cad is still open.
If you are a new trader, then don't start trading, without a proper strategy, you will get a beginner's luck, but will loose more than that after a while, So you need solid reason before you enter in a trade, and once you enter, don't exit out of fear or greed, wait for the SL or Target to hit, and Risk reward needs to be maintained, you need a minimum of 1:1.5 to survive, avoid random trades
  • #19
  • Jan 27, 2023 11:10am Jan 27, 2023 11:10am
Quoting akhilraj49
{quote} If you are a new trader, then don't start trading, without a proper strategy, you will get a beginner's luck, but will loose more than that after a while, So you need solid reason before you enter in a trade, and once you enter, don't exit out of fear or greed, wait for the SL or Target to hit, and Risk reward needs to be maintained, you need a minimum of 1:1.5 to survive, avoid random trades
Good advice come plenty.
You have an IQ lower than 90 if you interact with this user.
  • #20
  • Jan 27, 2023 11:14am Jan 27, 2023 11:14am
Quoting StoppedOut
{quote}{quote} well i know you are a new member and clearly anew trader but what will happen overnight. thief will break into house open mt4 and close all positions? lol
Limit orders are the limit. Whats their limit varies, thus it`s not wise to keep it overnight if your margins are low and or leverage is high. Your trades are not always filled since there is not always a seller or buyer present except the limit orders.
You have an IQ lower than 90 if you interact with this user.
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