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USDCAD trend reversal?

  • #1,001
  • Jun 22, 2007 5:52am Jun 22, 2007 5:52am
http://www.imagefreehost.com/files/2...1410065408.jpg
BAM BAM BOOM! -bravado
  • #1,002
  • Jun 22, 2007 5:55am Jun 22, 2007 5:55am
I belive cad is now for corection till 630-640. Thouht its a nice channel its in right now. regreting now that didnt took a short at 740
  • #1,003
  • Jun 22, 2007 5:57am Jun 22, 2007 5:57am
http://www.forexfactory.com/attachme...1&d=1182349131

above chart by JimboFX suggests a channel break out maybe in order by next week.
BAM BAM BOOM! -bravado
  • #1,004
  • Jun 22, 2007 6:00am Jun 22, 2007 6:00am
I think this looks bearish. I put a 3 sells on yesterday at 1.0742

1st pic shows a rough trend channel guide from yesterday. Currently at top

2nd chart shows a 4 hour tail bar formation that formed then cross on fozzy system.

Im hoping we reach back down into low 1.06xx's to then add some longs

edit: this seems to be already explained above - I am captain slow when it comes to posting
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadr.jpg Size: 99 KB
Click to Enlarge Name: cccb.gif Size: 10 KB
  • #1,005
  • Jun 22, 2007 6:01am Jun 22, 2007 6:01am
4hr 1hr update maybe?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ScreenHunter_11.jpg Size: 82 KB
"Millionaires don't use astrology, billionaires do"
  • #1,006
  • Jun 22, 2007 6:10am Jun 22, 2007 6:10am
Quoting el_duende
I think this looks bearish.
not sure about that.

usdcad has broken through a psychological level of 0700 and has so far managed to stay above. recent fundamentals not in favor of cad economy.

but the channel does suggest a need for something extra to get this pair to find its true direction.
BAM BAM BOOM! -bravado
  • #1,007
  • Jun 22, 2007 6:13am Jun 22, 2007 6:13am
Quoting bravado

but the channel does suggest a need for something extra to get this pair to find its true direction.
True? You want the truth? YOU CAN'T HANDLE THE TRUTH!!!

http://photos14.flickr.com/17985675_f69cf32a52_m.jpg
  • #1,008
  • Jun 22, 2007 6:17am Jun 22, 2007 6:17am
Quoting cesarnc
True? You want the truth? YOU CAN'T HANDLE THE TRUTH!!!
sweet!
BAM BAM BOOM! -bravado
  • #1,009
  • Jun 22, 2007 6:18am Jun 22, 2007 6:18am
Quoting cesarnc
True? You want the truth? YOU CAN'T HANDLE THE TRUTH!!!

http://photos14.flickr.com/17985675_f69cf32a52_m.jpg
That was a good one.
  • #1,010
  • Jun 22, 2007 6:41am Jun 22, 2007 6:41am
Based on Wolfe Wave analysis, it probably will end up in the 0660-70 area.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 89 KB
  • #1,011
  • Jun 22, 2007 6:51am Jun 22, 2007 6:51am
Sorry for the terrible quality fellas, first time postin' a chart.
  • #1,012
  • Jun 22, 2007 6:53am Jun 22, 2007 6:53am
Cad futures suggests further declines, liquidation. cash should be adding longs on the dips of major sup levels. just my opinion
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"Millionaires don't use astrology, billionaires do"
  • #1,013
  • Jun 22, 2007 6:55am Jun 22, 2007 6:55am
Quoting OrionsWay
Cad futures suggests further declines, liquidation. cash should be adding longs on the dips of major sup levels. just my opinion
nice chart.

how do you get charts for futures?
BAM BAM BOOM! -bravado
  • #1,014
  • Jun 22, 2007 7:00am Jun 22, 2007 7:00am
Bravado, compiled from CME daily bulletin into excel and updated each day, CME posts daily Vol OI around 11 pm est each day
"Millionaires don't use astrology, billionaires do"
  • #1,015
  • Jun 22, 2007 7:01am Jun 22, 2007 7:01am
Quoting OrionsWay
Bravado, compiled from CME daily bulletin into excel and updated each day, CME posts daily Vol OI around 11 pm est each day
great work orionsway. great work indeed.
BAM BAM BOOM! -bravado
  • #1,016
  • Jun 22, 2007 7:06am Jun 22, 2007 7:06am
Its best to wait for the CME bulletin for the accurate account of trading for that day since esignal and others are not 100%, none of them are. U can add even the front months to get the true condition of a continued chart to account for roll over. That just reflects the true nature of the current nature of the BEAST.
"Millionaires don't use astrology, billionaires do"
  • #1,017
  • Jun 22, 2007 7:16am Jun 22, 2007 7:16am
Quoting OrionsWay
Its best to wait for the CME bulletin for the accurate account of trading for that day since esignal and others are not 100%, none of them are. U can add even the front months to get the true condition of a continued chart to account for roll over. That just reflects the true nature of the current nature of the BEAST.
understood.
BAM BAM BOOM! -bravado
  • #1,018
  • Jun 22, 2007 7:48am Jun 22, 2007 7:48am
usdcad holding its ground despite weakening dollar.

not a bad sign for bulls.
BAM BAM BOOM! -bravado
  • #1,019
  • Jun 22, 2007 7:57am Jun 22, 2007 7:57am
7th inning stretch.

http://images.tribe.net/tribe/upload...f-9420fbfbd969
BAM BAM BOOM! -bravado
  • #1,020
  • Jun 22, 2007 8:06am Jun 22, 2007 8:06am
Quote
usdcad holding its ground despite weakening dollar.

not a bad sign for bulls.

True its got me thinking about closing those shorts but price action still down on 1 hour and 4 hour charts
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