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USDCAD trend reversal?

  • #1,801
  • Aug 3, 2007 1:04am Aug 3, 2007 1:04am
Here is a look the US Dollar ......
Just posting it here because it looks very interesting
especially in light if an NFP Report tomorrow morning .
----------------------------------------------------------
There appears to be so much underlying support -


Only a Probability! ...............Not Cast in Stone!
Attached Image (click to enlarge)
Click to Enlarge Name: Swiss Franc-08-02-07-01.jpg Size: 56 KB
  • #1,802
  • Aug 3, 2007 1:44am Aug 3, 2007 1:44am
Quoting marketwavez
Here is a look the US Dollar ......

Just posting it here because it looks very interesting
especially in light if an NFP Report tomorrow morning .
----------------------------------------------------------
There appears to be so much underlying support -


Only a Probability! ...............Not Cast in Stone!
Why post a USD/CHF chart as a dollar chart (on a Cad forum)? A USDX chart or the Fed Trade weighted dollar index is a batter indicator of broad USD behaviour.
  • #1,803
  • Aug 3, 2007 1:44am Aug 3, 2007 1:44am
for people who missed 1.0525 to go long, 1.0563 also seems a good place to go long.

I think.
  • #1,804
  • Aug 3, 2007 1:49am Aug 3, 2007 1:49am
Quoting Alfa159
for people who missed 1.0525 to go long, 1.0563 also seems a good place to go long.

I think.
Alfa, i think a person could go long anywhere anytime here in the next 1.5 years and be a winner
"Millionaires don't use astrology, billionaires do"
  • #1,805
  • Aug 3, 2007 1:53am Aug 3, 2007 1:53am
Quoting OrionsWay
Alfa, i think a person could go long anywhere anytime here in the next 1.5 years and be a winner
true... i am just dissapointed not to wake up 1 hour earlier to catch 1.0525 though. anyway i love usdcad.
  • #1,806
  • Edited Aug 4, 2007 2:47pm Aug 3, 2007 2:01am | Edited Aug 4, 2007 2:47pm
Quoting Alfa159
true... i am just dissapointed not to wake up 1 hour earlier to catch 1.0525 though. anyway i love usdcad.
Your idea very good.

i have a good forex signal come from east,
a nation who grow faster the economic crisis in 1998,
forex signal come from there now...
its Malaysia.

i also dont know why.
look here:
{link removed, see rule #3}
  • #1,807
  • Aug 3, 2007 2:55am Aug 3, 2007 2:55am
Alfa... don't be disappointed. Waiting for a break & close above 1.0590 is the smarter thing to do if you want a nice tight stop. The chart goes on forever and ever ;p
  • #1,808
  • Aug 3, 2007 3:19am Aug 3, 2007 3:19am
Quoting HalifaxCB
Why post a USD/CHF chart as a dollar chart (on a Cad forum)? A USDX chart or the Fed Trade weighted dollar index is a batter indicator of broad USD behaviour.

Actually the USDX currently looks almost identical on weekly as the USDCAD

The USD seems to impact that pair almost directly. This is my current USDX chart..bit diff. on 4h, but bigger TF matches nicer =)
Attached Image
Trust price. Know yourself.
  • #1,809
  • Aug 3, 2007 3:34am Aug 3, 2007 3:34am
Quoting bobblong
Alfa... don't be disappointed. Waiting for a break & close above 1.0590 is the smarter thing to do if you want a nice tight stop. The chart goes on forever and ever ;p
well to be honest 1.0587 is my target.... I entered for a short term trade in this one.. I know 1.0587 is dangerous spot.. Depending on the news I can hold my long position.
  • #1,810
  • Aug 3, 2007 6:34am Aug 3, 2007 6:34am
Any buyers out there at 1.0500 today... if it gets there
  • #1,811
  • Aug 3, 2007 6:36am Aug 3, 2007 6:36am
I'm still expecting a 1.0500 test
Patience + Humility + Study = Success
  • #1,812
  • Aug 3, 2007 6:38am Aug 3, 2007 6:38am
CAD data out on the hour so that could affect where we go next.

G-Man
  • #1,813
  • Aug 3, 2007 6:40am Aug 3, 2007 6:40am
I missed it yesterday, and see a 75 pip drop from the high to test again.

I just wonder if it will get shattered today (my concern).

I guess if it does, I see a 61.8 fib around 1.0475 so risk should be somewhat limited.
  • #1,814
  • Aug 3, 2007 6:46am Aug 3, 2007 6:46am
added to longs @ 508
"Millionaires don't use astrology, billionaires do"
  • #1,815
  • Aug 3, 2007 7:57am Aug 3, 2007 7:57am
This pair is setting up for a nice long level. I still see continued testing of the 1.0500
Patience + Humility + Study = Success
  • #1,816
  • Aug 3, 2007 8:01am Aug 3, 2007 8:01am
Quoting DutchTrader
This pair is setting up for a nice long level. I still see continued testing of the 1.0500
You mean testing 1.0500 before going long?
  • #1,817
  • Aug 3, 2007 8:25am Aug 3, 2007 8:25am
Quoting mirdaniel
You mean testing 1.0500 before going long?
Yes
Patience + Humility + Study = Success
  • #1,818
  • Aug 3, 2007 8:30am Aug 3, 2007 8:30am
Quoting DutchTrader
Yes
Thanks Dutch. BTW, do you see that 1.0340 low as the reversal, a monthly low or even yearly low? Base on elliott wave it looks like the final wave 5. And towards to at least 1.0900 probably?
  • #1,819
  • Aug 3, 2007 8:45am Aug 3, 2007 8:45am
I actually think a test below 1.0500, in the 1.0480/90ish area before a thrust up. The thing that is working against the uptrend is crappy US Data.
Patience + Humility + Study = Success
  • #1,820
  • Aug 3, 2007 8:59am Aug 3, 2007 8:59am
The way cadbury is holding up means something, perhaps such a front runner that it will just hang loose for the rest of the crosses to finish up their BS before the RALLY starts ???? any thoughts
"Millionaires don't use astrology, billionaires do"
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