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USD/CAD

  • #16,941
  • Sep 26, 2022 7:42am Sep 26, 2022 7:42am
Quoting charlienoble
{quote} I would be careful buying CAD at these prices
Well it's news trading. And right now, before the rollback starting, you can quickly buy and get some profit.
  • #16,942
  • Sep 26, 2022 10:13am Sep 26, 2022 10:13am
Situation with the CAD right now. I'm still letting my long position run.

The moment I see the price levels off, I'll close that trade, and am prepared to long on every dip.

Best,
Cat
Attached Image (click to enlarge)
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  • #16,943
  • Sep 26, 2022 12:01pm Sep 26, 2022 12:01pm
USD will gain on CAD as oil drifts lower.
When the USD peaks huge upside will be with CAD
For now buy USD on Dips take profit
May the PIP's be with you.
  • #16,944
  • Sep 26, 2022 3:11pm Sep 26, 2022 3:11pm
Quoting ForexGoose
weekly close above 1.35 could extend the bull trend even higher multi month target could be 1.45 if the dollar gains even more strength {image}
it can easily get to 1.40 without a decent pullback
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-09-26_16-10-34.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,945
  • Sep 26, 2022 4:44pm Sep 26, 2022 4:44pm
3 Key points to Drive Dollar higher
1. Watch the DXY it has legs to get to 120
2. Oil it is dropping on lowering demand
3. US Bonds 2 and 4 year are taking off

The Dollar is doing the work for the FED
May the PIP's be with you.
  • #16,946
  • Sep 27, 2022 10:23am Sep 27, 2022 10:23am
The USD/CAD could potentially top out at 1.39 for September. Some kind of retracement is due.

Last time it did that was in April 2017. We'll see. If price stagnates around 1.37 to 1.40 range, then I'll close my long trade.

Best,
Cat
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4+20220927+C1a.png Size: 7 KB
  • #16,947
  • Sep 28, 2022 12:18pm Sep 28, 2022 12:18pm
put in a buy limit order at 1.35
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-09-28_13-18-12.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,948
  • Sep 29, 2022 3:40am Sep 29, 2022 3:40am
Closed my long position at 1.373, entered at 1.303. Held for three weeks.

I'm now out of this pair. Taking a break. Will come back again if it dips to 1.32, and buy from there.

Best,
Cat
  • #16,949
  • Sep 29, 2022 7:53am Sep 29, 2022 7:53am
Yesterdays BoE action was a short term fix
Markets have setup another bull trap
The fundamentals have not changed
Russia will declare the sham voting in their new areas of Ukraine now part of Russia
US unemployment needs to pick up in US it is not
FED will keep foot on the gas
Winter coming for Europe
China more turmoil with lock downs
US Markets will drop again and the money will go to safe haven
BoE is poring gas on their Inflation with printing money to prop up the cable
so watch for FIREWORKS
Not good for investors
Traders good times
May the PIP's be with you.
  • #16,950
  • Oct 3, 2022 6:57am Oct 3, 2022 6:57am
So last week I get some profit on USDCAD on news by opening buy trading. Now I'd say USDCAD is a little bit falling. But at the same time it keeps around the level of 1.37410. A breakout and further upward movement is possible. But for now, I'm watching and waiting.
  • #16,951
  • Oct 4, 2022 11:05am Oct 4, 2022 11:05am
Quoting ForexGoose
put in a buy limit order at 1.35 {image}
changed the buy limit order to 1.34 as I now expect a bit more of a pullback
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-10-04_12-04-23.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,952
  • Oct 5, 2022 7:50am Oct 5, 2022 7:50am
Quoting ForexGoose
{quote} changed the buy limit order to 1.34 as I now expect a bit more of a pullback {image}
I should have put my buy limit order just at bit over 1.35 to catch the bounce
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,953
  • Oct 7, 2022 7:07am Oct 7, 2022 7:07am
USDCAD 2015 and 2018 Yearly levels
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-10-07_13-16-32.png Size: 28 KB
  • #16,954
  • Oct 11, 2022 3:40am Oct 11, 2022 3:40am
USDCAD H4
Attached Image (click to enlarge)
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  • #16,955
  • Oct 11, 2022 10:17am Oct 11, 2022 10:17am
there could be a bull trap again in the near-term, unless the price gets above 1.38 decisively towards a test of the 1.40 level
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-10-11_11-16-25.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #16,956
  • Oct 12, 2022 9:27am Oct 12, 2022 9:27am
Quoting ForexGoose
there could be a bull trap again in the near-term, unless the price gets above 1.38 decisively towards a test of the 1.40 level {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m30-tw-corp.png Size: 7 KB
"TIME AND PRICE IS ALL THERE IS"
  • #16,957
  • Oct 13, 2022 6:56am Oct 13, 2022 6:56am
Hi guys!

See my projection for usdcad on tradingview: bears on the move!
What do you think?

Risk Management is of utmost importance!
  • #16,958
  • Oct 13, 2022 7:25am Oct 13, 2022 7:25am
USDCAD has now a lateral movement. More like a bear, but a breakout is possible.
  • #16,959
  • Oct 13, 2022 7:38am Oct 13, 2022 7:38am
Inflation still running hot
Dollar going higher
May the PIP's be with you.
  • #16,960
  • Oct 13, 2022 10:06am Oct 13, 2022 10:06am
Quoting ForexGoose
there could be a bull trap again in the near-term, unless the price gets above 1.38 decisively towards a test of the 1.40 level {image}
I revised my chart a bit and put in a new buy limit order. There could be another rally towards 1.40 soon.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2022-10-13_11-05-17.png Size: 36 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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