USDCAD trend reversal?

agreed.

aye saw that previous pin as well, not sure this one will play as well, it has a bit more pa on the bottom side. I do expect a move from this pair with the long term trendline closing in on price. Either way one of these trends should become more apparent next week.

Top trendline with date/price is the long term, the pair fell into the bottom part of the up trend channel and is hugging the bottom part of the down trend channel. Looking more like it might consolidate short term.

lets go canadians. i'm long usdcad. so shoot up already. up up.
what's the hold up. the greatest trader of all time is long on this pair. so get your acts ready and launch it up already.

up up.

i don't follow the trend. the trend follows me.

yeah. bring it on.

I am afraid that it is reach 1.0000
this is a historic price.

TODAY???????????

No, of course
but I expect it along short the next days almost 200pips

Just messing with you... I'm bored.

Oil Surges to 11-Week High in N.Y. on U.S. Refinery Slowdown

By Mark Shenk
June 14 (Bloomberg) -- Crude oil rose to an 11-week high in New York on concern that U.S. refineries are failing to keep up with growing gasoline demand, and after Iran said it isn't willing to suspend its nuclear program.
Refineries operated at 89.2 percent of capacity last week, the lowest since May 4 and the lowest utilization rate in 15 years for the second week in June, an Energy Department report showed yesterday. Iran, the Middle East's second-largest producer of crude oil, said its nuclear research is advancing. The U.S. and its allies accuse Iran of developing nuclear weapons.
``Refineries should be operating at 95 percent of capacity right now as we approach July 4 and peak demand,'' said Michael Fitzpatrick, vice president for energy risk management at Man Financial Inc. in New York. ``We aren't building a gasoline supply cushion against disruptions and glitches.''
Crude oil for July delivery rose $1.32, or 2 percent, to $67.58 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Futures touched $67.89, the highest since March 27. Futures are headed for the highest close since Sept. 9. Prices are down 2.3 percent from a year ago.
``Today's gain is mostly technical,'' said Adam Sieminski, chief energy economist at Deutsche Bank AG in New York. ``Once we blew through the previous highs, buyers came in.''
Gasoline for July delivery in New York jumped 6.87 cents, or 3.2 percent, to $2.224 a gallon.
Gasoline Inventories
Gasoline inventories rose 3,000 barrels to 201.5 million in the week ended June 8, yesterday's report showed. A gain of 1.5 million barrels was expected, according to the median of 16 responses in a Bloomberg News survey. Supplies plunged for 12 weeks from February through April as refiners unexpectedly shut units in the U.S. and Canada because of fires and power outages.
The profit margin, or ``crack'' spread, for turning three barrels of crude oil into two barrels of gasoline and one of heating oil rose 5.6 percent to $22.76 today. It surged to $30.479 on May 17, the highest since at least 1989, based on closing futures prices in New York.
Energy shares led by Exxon Mobil Corp. surged with futures prices. Exxon, the world's largest oil company, climbed $1.47 to $84.82. Chevron Corp., the second-largest U.S. oil company, rose $1.19 to $82.34.
Healthy Cash Flow
``At these prices the cash flow for energy companies will stay very healthy,'' said Eugene X. Hodge, a managing director at John Hancock Financial Services Inc. in Boston, who manages a $4.3 billion oil and gas company bond portfolio. ``Refinery margins are much better and demand is holding up, which is a surprise.''
Total implied gasoline demand averaged 9.48 million barrels in the past four weeks, up 1.4 percent from the same period a year earlier, according to the Energy Department. The department measures shipments from refineries, pipelines and terminals to calculate demand.
U.S. energy prices jumped 4.1 percent last month, the biggest increase since November, after rising 3.4 percent in April, the Labor Department said today in Washington.
A combination of ``high inventory levels'' and increasing spare capacity by OPEC members means there are adequate supplies available if demand increases, OPEC Secretary-General Abdalla el- Badri said in an e-mailed statement today from OPEC's Vienna headquarters. Members of the Organization of Petroleum Exporting Countries produce about 40 percent of the world's oil.
Iranian Claim
``Iran is the master of enrichment technology,'' the country's ambassador to the United Nations' nuclear watchdog, the International Atomic Energy Agency, Aliasghar Soltanieh, said today in Vienna. ``There is no way that suspension could be justified.''
IAEA Director General Mohamed ElBaradei told the UN Security Council on May 23 that the Islamic Republic continued enriching uranium, contravening UN demands to stop. The Security Council is gearing up for a new round of even tighter sanctions against Iran, Group of Eight leaders said June 8 in Germany. Sanctions against Iran were passed in December and strengthened in March.
Concern that the dispute over Iran's nuclear program might disrupt shipments from the country and the curtailment of supplies from Nigeria has bolstered prices since January 2006.
Mujahid Dokubu Asari, a Nigerian militia leader arrested on treason charges, has been freed by the country's high court on health grounds, a militant group said. The release of Asari, who was jailed in 2005, was one of the conditions set by the Movement for the Emancipation of the Niger Delta, also known as MEND, to cease its attacks on Nigeria's oil workers and facilities.
``The release of Dokubu Asari suggests that Nigeria's new government is working hard to get a deal with the rebels,'' Sieminski said. ``This should reduce the spread between Brent and WTI.''
Brent crude oil for July settlement rose $1.02, or 1.5 percent, to $70.96 a barrel on the London-based ICE Futures exchange.
To contact the reporter on this story: Mark Shenk in New York at [color=#0000ff][email protected][/color] .


could be a good news for canadian?

Here something that's also intersting in the Canadian Dollar

Here 's what is possibly going on ................

- after being extermely oversold for all these weeks

There appears to significant Divergence
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in the Monthly bar charts and the smaller time 1 hr bar time frame bar charts ..............

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This is unsual - could this finally be signalling a turnauond in price ?

See these 2 charts below

pg 2//////

Usd/Cad
Here's Looking at the days ahead !
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Only a Probabilty........ Not Cast in stone !....

can you do me a favor and write a big fat "break out!" with the finger pointing on it.

Hi Bravado

Maybe you are right -
Looking at the Usd/Cad from this angle - maybe there is a break out ? .....

----------------------------------------------------------------------

Reminds me, breakout?

LOL

cesarnc, why r u say me mess?
I was jesting and this is my expect.
There is no reason to buy,the best short after break a historic level.

Thank you for the good reception

up or down. what do you think guys?

Wow, I said I was messing with you, kidding with you... easy man

You posted that USDCAD would go to 1.0000 and I messed with you by asking if it was to be today....

ok my friend
not now but this my feel about it