USDCAD trend reversal?

I dont really see it myself its a steady trend down for months now. theres no support levels whats are your reasons for a long?
just interested

Not specially for usdcad but for other currencies I expect a movement in favor of usd today at least 50-100 pips. Usdcad formed a base 0.9910-0.9940 levels. Thats my thought..

Today usd/cad just retraced on 1 Hour chart 23.06 fibo at .9958 and moved back. If it can't break 38.2 level at .9984 today then journey looks like to south till employment report.

just my 2 cents...........

.9958 is the daily pivot point for my time of course. Today I think it will be broken.

I was expecting this movement yesterday but happened today..

short term trend is up for now.. but I'm not convinced it is going to last long..

yes, was going the way up cause oil prices are easing, but we have to add something to that, we have in few hours the usa housing report and that seems to be weighing a short on the pair.

This pair has been stuck between 1 and 0.99 for quite some time now and it looks like we may have a repeat of the weeks long stall we had before this last big fall.... but I still see this pair going to 0.98XX before going through that again

Reost #2139

I know it sounds like I'm Changing Oars but...

My thought proccess was thinking Short CAD/USD as that was the Lable when I first started Trading the Pair &, is still, how I think of it instinctually.

btw. just did a count of the last 60 posts to this thread re "Member Since" and "Post Count" as a criteria of whos advice I would suggest you listen to. Just a thought I put to you.

Usd/Cad

Keep an eye on this Flag-Pole Formation .........
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( Click on Chart to Enlarge )

short @ 0.9968

Market is knitting over and under parity in an ever decreasing range.

trend reversal TODAY?

http://images13.51.com/20/a/af/d7/wi...0.46131400.jpg

nooooooooo comment

It is forming a triangle and consolidating. Wait for a triangle breakout..

see chart.

I dont see any reason to trade this pair as all the big boys on both sides of the border want this pair to stay at parity for the remainder of the year, if not longer. Sure it may move up or down 100 pips but dont look for any long term or big trades here. No this is not insider knowledge they made it quite clear publicly that this pair will stay even for some time as both sides are benefitting from this parity. Plus you have to factor in the Amero, which means this pair may stay at parity until its no longer a pair but a single currency.

Heavens to Betsy..

Here is a look at the Usd/Cad .......
Update :
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( See 2 chats posted below )
Double click on chart to enlarge

No wonder why 90% of traders fail-they're idiots. How can anyone go long right now the usd/cad without at least a 4-hour trendline break to the upside with sustainability. I would be looking on the weekly chart for a long position. That's what it's going to take.

People have this sentiment that what goes down must go up. Maybe that's true, but I doubt they have the account or the courage to take that loss.

Is the dollar collapsing right now?