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Attachments: USD/CAD
Exit Attachments

USD/CAD

Bullish volume in the USD is still very high

After the mixed FOMC price bounced above the pattern and it keep
pushing stronger today.

The bulls are not giving up at all on the USD and the confidence
that Powell showed about slowing down inflation was a bit overrated,
However, this is the market.

On the other side, the U.S economy is still very strong.

Targets:
1.37934
1.38414
1.39215


Thank you and Good Luck!
https://passmypropfirms.xyz
FTMO 200K Challenge (Passed) All Time Return: 10.3%
USDCAD shows descending movement. I suppose the price will fall to the level of 1.34130. Then there may be a reversal.
Hello traders,

It seems USDCAD found a strong support so tested it twice made a good tweezer which encouraged me to go a head and buy it as i think it's going up according to my own analysis .

I hope it works out , let's see how that plays out.

Thanks
I always knew that someday I would make it big
Quoting forexer
Hello traders, It seems USDCAD found a strong support so tested it twice made a good tweezer which encouraged me to go a head and buy it as i think it's going up according to my own analysis . I hope it works out , let's see how that plays out. Thanks
I agree with you mate, I went long too.
Meditate -> Workout -> Good Food = Good Life!
Double [/Rep]: Fully Blown i (FBi) All Time Return: -1.7%
USDCAD trying to break through the support level for further growth. If it succeeds to break through at the level of 1.34880, I expect the buy movement further.
trade i took around 6am
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"TIME AND PRICE IS ALL THERE IS"
Surprised that really not many interested in CAD around here, am I missing the real discussion of CAD direction/ideas somewhere else?
Quoting jayfxtrader
Surprised that really not many interested in CAD around here, am I missing the real discussion of CAD direction/ideas somewhere else?
It can be a slow pair, but you never know, it can surprise

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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 18.4%
trade i took around 5am
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"TIME AND PRICE IS ALL THERE IS"
Next week should be bullish, after price touched 1.31.

CAD's PMI data show that the economy is shrinking giving no room for inflation. Also, PMI data predict GDP data and knowing that there will be less inflation, we are in the red quadrant. Weakness in CAD, overall long USD/CAD.

USD/CAD's 10Y interest rate differential affect currencies enormously and is bullish which is why that high volume area is bullish and price is likely to rise after it touched 1.31 and made a higher low.

It fits perfectly well into the narrative to go long USDCAD on Friday's CPI data.

Buy stop can be set at 1.32371, 20 pips above the bullish high volume zone. Just my two cents.

Anyone else long?
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Quoting MrAnonymous
Next week should be bullish, after price touched 1.31. CAD's PMI data show that the economy is shrinking giving no room for inflation. Also, PMI data predict GDP data and knowing that there will be less inflation, we are in the red quadrant. Weakness in CAD, overall long USD/CAD. USD/CAD's 10Y interest rate differential affect currencies enormously and is bullish which is why that high volume area is bullish and price is likely to rise after it touched 1.31 and made a higher low. It fits perfectly well into the narrative to go long USDCAD on Friday's...
I'm not grasping all the fundamentals you are presenting; can you expand and share more on your thread catching monster waves?

However, I reckon that is a big call in the face of the technical analysis pointing to lower USDCAD.

I applaud the advice for using a buy top level rather than market entry like some contrarian traders.
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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 18.4%
The Canadian dollar continues to fall further. I assume that the fall will continue to the level of 1.32170. And if usdcad breaks this level, I expect a further drop.
I see a bearish trend. But again, if USDCAD breaks through the resistance level of 1.34780, we can say that the situation is changing and a bullish trend is starting.
Quoting DragonT
I see a bearish trend. But again, if USDCAD breaks through the resistance level of 1.34780, we can say that the situation is changing and a bullish trend is starting.
I'm sticking with the big picture, and today's red candle helps

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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 18.4%
I see bearish movement still. And the gap after weekend will be less. I'd say the falling on the Monday will be around the level of 1.33200.
Yesterday was a great fall of CAD. But then there was a rollback. I assume that USDCAD will return to its previous level. However, it is still a bearish trend.
usd /cad sell signal for 260 pips as you can see the chart below.
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bakare
USD/CAD 1Minute Timeframe

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Dont be upset with the result you didnt get from the work you didnt do
price is finding support at 1.3402 just before the news.I think price will rally.
Quoting StoppedOut
price is finding support at 1.3402 just before the news.I think price will rally.
lol. really . why me not take self advice !
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