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USDCAD trend reversal?

  • #2,341
  • Edited 5:34pm Nov 15, 2007 5:17pm | Edited 5:34pm
Quoting speculator84

Deficits on top of deficits and growing worthless exports ( US Dollars)


For technical matters keep it simple. Trend Lines and fib #s.

I enjoy your guys work and helps me to gain another perspective.
Yep , Smells like fiat money to me
Gold reserves doesn't back the value of the Us Dollar any more

Trendlines and Fibs ? - Your'e on to something there

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Trading is a battle between Bulls and Bears - ( most know this )
More importantly
Trading is Battle between Technicals and Funny-mentals- ( most don't know this )

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Markets can move solely on technicals at times
especially when the brokers know where all the stops are

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The Canadian Dollar rallied this past Friday on short covering ! ........
-I posted the chart and yet no one in here had anything to say about short covering .


Why don't traders pay attention to short covering rally's ? ...........
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-11-13-2007-#1.gif Size: 19 KB
  • #2,342
  • Nov 15, 2007 5:35pm Nov 15, 2007 5:35pm
Here we go again..........

Price appears to be Pulling back into an " End of Wave 4 "
as illustrated in yesterday's chart update ..........

Here's Today's Update ..... Usd/Cad...
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( Double Click on charts to enlarge )
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-11-14-2007-#1.gif Size: 18 KB
  • #2,343
  • Nov 15, 2007 5:40pm Nov 15, 2007 5:40pm
USD/CAD..............

The USD-Canadian Dollar pair is posturing out of Multi-Year -lows .
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Again , the technicals are in control here ..........
The foundation was laid down last week from short-covering ......
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Talk about a market breaking out ............ This one is looking like a classic...
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-11-14-2007-#3.gif Size: 23 KB
  • #2,344
  • Nov 15, 2007 5:45pm Nov 15, 2007 5:45pm
Here is the Canadian Dollar Update for today
( We had a another spike overnight )
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Double click on chart to enlarge ........
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-11-15-2007-#1.gif Size: 19 KB
  • #2,345
  • Nov 18, 2007 12:00pm Nov 18, 2007 12:00pm
Daily and weekly resistance in place now at around 0.9885-0.9900 and 4H trend support at 0.9700. In this case lets buy around this area for at test to the highs again with stoploss below 0.9700, if 0.9900 is taken out we could see the pair head to 1.0000.
Attached Image (click to enlarge)
Click to Enlarge Name: llooney.JPG Size: 51 KB
  • #2,346
  • Nov 19, 2007 9:15am Nov 19, 2007 9:15am
The Usd /Cad now has all this overhead resistance

- Will price continue along from last weeks Break-Out ?.........
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( See Chart Below )
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-11-16-2007-#1.gif Size: 23 KB
  • #2,347
  • Dec 2, 2007 6:42am Dec 2, 2007 6:42am
Quoting MoForce
USD/CAD will continue going up guys... don't short yet... it has the potential to go all the way up to 1.09 within a couple weeks. Current daily max is at 1 and I'm expecting it to go there
And it's at 1 now pretty much

I'll be targeting 1.09
  • #2,348
  • Dec 2, 2007 7:50pm Dec 2, 2007 7:50pm
The pair could experiment a drop from parity. Weekly and Daily support could take this down towards .90 or lower.
Attached Image (click to enlarge)
Click to Enlarge Name: loonie.JPG Size: 42 KB
  • #2,349
  • Dec 4, 2007 12:40pm Dec 4, 2007 12:40pm
Quoting marketwavez
The Usd /Cad now has all this overhead resistance

- Will price continue along from last weeks Break-Out ?.........
-------------------------------------------------------------
( See Chart Below )
Usd/Cad -Targets are reached today ! ..... Gain of a whopping 420 pips ! ..........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD-11-27-2007-#1.gif Size: 23 KB
Click to Enlarge Name: CAD-12-04-2007-#1.gif Size: 22 KB
  • #2,350
  • Dec 4, 2007 4:15pm Dec 4, 2007 4:15pm
Quoting marketwavez
Usd/Cad -Targets are reached today ! ..... Gain of a whopping 420 pips ! ..........
If you held on to it long enough, that is.
  • #2,351
  • Dec 4, 2007 11:18pm Dec 4, 2007 11:18pm
Quoting MackS10
The pair could experiment a drop from parity. Weekly and Daily support could take this down towards .90 or lower.
You will lose money. Canada cut interest rate and Dodge said that Loonie should go down more.
When I buy it, it moves down. When I sell it, it moves up.
  • #2,352
  • Dec 6, 2007 3:20pm Dec 6, 2007 3:20pm
Trend Reversal indeed..

Anyone agree???
Attached Image (click to enlarge)
Click to Enlarge Name: ElliotWaveUSDCAD.JPG Size: 53 KB
  • #2,353
  • Dec 10, 2007 7:19pm Dec 10, 2007 7:19pm
anyone long the loonie??
  • #2,354
  • Dec 10, 2007 7:32pm Dec 10, 2007 7:32pm
Quoting benssol
anyone long the loonie??
I'm long via position trades on CAD/JPY. Been buying along support at the 78.6 fib around 108. It's been underperforming my other carry trades as of late, but I think we'll see a breakout by year end.
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 15 KB
  • #2,355
  • Dec 10, 2007 9:27pm Dec 10, 2007 9:27pm
I am not convinced that the imminent Fed rate drop has been fully priced into this pair - it's only a mere 80 pips off its Friday morning high.
  • #2,356
  • Dec 10, 2007 11:12pm Dec 10, 2007 11:12pm
Quoting benssol
anyone long the loonie??
Do you mean longing USD/CAD or longing CAD (shorting USD/CAD)?
When I buy it, it moves down. When I sell it, it moves up.
  • #2,357
  • Dec 12, 2007 1:17am Dec 12, 2007 1:17am
I don't think I've ever seen the loonie move this much during the Asian session before. I was hoping to pick up some more CAD/JPY at 108, but that's a memory already, +140 pips since 5pm. So much for the dollar rally.
  • #2,358
  • Dec 12, 2007 3:04am Dec 12, 2007 3:04am
Quoting pujolshomerun
Do you mean longing USD/CAD or longing CAD (shorting USD/CAD)?
longing CAD
  • #2,359
  • Dec 12, 2007 3:07am Dec 12, 2007 3:07am
Quoting Trader KGB
I don't think I've ever seen the loonie move this much during the Asian session before. I was hoping to pick up some more CAD/JPY at 108, but that's a memory already, +140 pips since 5pm. So much for the dollar rally.
me too

Do you monitor sussie pairs Trader?!

also are you the same TraderKGB at elite??
  • #2,360
  • Dec 12, 2007 4:04am Dec 12, 2007 4:04am
Quoting benssol
me too

Do you monitor sussie pairs Trader?!

also are you the same TraderKGB at elite??
Yes and yes.
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