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USDCAD trend reversal?

  • #2,461
  • Jan 22, 2008 10:50am Jan 22, 2008 10:50am
what do u think guys? Is USD/CAD going back to .9700?

any thought?
  • #2,462
  • Edited 11:45am Jan 29, 2008 11:16am | Edited 11:45am
Quoting Nfgaxp
What happened with cad ????
Usd/Cad

Wow!............ Success ! ....................
Here's how the last few week's projection has now turned out
1st Target has been reached
----------------------------------------------------------
See Original Post : #2457
http://forexfactory.com/showthread.php?t=29394&page=164


Time to go play golf,,,,,,,

---------------------------------
( Double click on chart to enlarge )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD-1-09-2008-#2.gif Size: 21 KB
Click to Enlarge Name: CAD-1-25-2008-#1.gif Size: 21 KB
  • #2,463
  • Jan 29, 2008 11:21am Jan 29, 2008 11:21am
Anyway !!
as i was expecting.
Over 350 pips in last 2 weeks!
  • #2,464
  • Jan 29, 2008 11:30am Jan 29, 2008 11:30am
Quoting marketwavez
Usd/Cad

Wow!............ Success ! ....................
Here's how the last few week's projection has now turned out
1st Targets have been reached
What success? When were you ever targeting 9950? You never were.

Yes, you made one good call three weeks ago, is that what you're still claiming credit for here?
  • #2,465
  • Jan 29, 2008 11:38am Jan 29, 2008 11:38am
Quoting Trader KGB
What success? When were you ever targeting 9950? You never were.

Yes, you made one good call three weeks ago, is that what you're still claiming credit for here?
Here is the Original Chart :
http://forexfactory.com/attachment.p...9&d=1200066785

Price was projected to move bullish towards the " End of Wave 5 "
Targets are on the Chart -1st Target 1.0380 ,& 2nd Target 1.0500

------------------------------------------------------------------
  • #2,466
  • Jan 30, 2008 1:56pm Jan 30, 2008 1:56pm
Quoting marketwavez
Here is the Original Chart :
http://forexfactory.com/attachment.p...9&d=1200066785

Price was projected to move bullish towards the " End of Wave 5 "
Targets are on the Chart -1st Target 1.0380 ,& 2nd Target 1.0500

------------------------------------------------------------------
So what's your real time analysis? Do you still have the same targets? Are you a counter-trend buyer here at 9880?

I've been short UC synthetically since the 1.02 level (long CADJPY at mid-104). Going to let this one ride until UC shows signs of basing.
  • #2,467
  • Edited 4:09pm Jan 30, 2008 3:53pm | Edited 4:09pm
Hi Trader KGB

-------------------------------
1st Target was reached - that trade is over now ........

--------------------------------------------------------
I haven't looked for the next chart set-up in th Usd/Cad set-up yet ..........

////////////////////////////////////////////////////////////////////////////

Do you have a chart ?
  • #2,468
  • Jan 30, 2008 4:08pm Jan 30, 2008 4:08pm
Quoting Trader KGB
So what's your real time analysis? Do you still have the same targets? Are you a counter-trend buyer here at 9880?

I've been short UC synthetically since the 1.02 level (long CADJPY at mid-104). Going to let this one ride until UC shows signs of basing.
Sounds like Great plan ...............Best of wishes with it !....
/////////////////////////////////////////////////////////////////////////////
  • #2,469
  • Jan 30, 2008 4:37pm Jan 30, 2008 4:37pm
Quoting marketwavez
Do you have a chart ?
I post charts occasionally on the CAD/JPY thread. I'm now out of the position post-Fed. Looking to reenter USDCAD short on a test of parity.
  • #2,470
  • Jan 31, 2008 6:21am Jan 31, 2008 6:21am
Usd/Cad

Here is a look at the Loonie....

Looking for this to stabilize and turnarond to the Upside

----------------------------------------------------
Only a Probabilty ! ................ Not Cast in Stone !

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

http://i25.tinypic.com/111t2pv.jpg
  • #2,471
  • Jan 31, 2008 6:25am Jan 31, 2008 6:25am
Medium term reversal is obvious but weekly is still down
kiss the trend
  • #2,472
  • Feb 1, 2008 2:48am Feb 1, 2008 2:48am
On a smaller TF (1H) we have a possible AB=CD pattern.

Let's see how it plays out, only thing concerning me, and that is todays news.
Attached Image (click to enlarge)
Click to Enlarge Name: gb1.gif Size: 29 KB
Measure twice, cut once
  • #2,473
  • Edited 5:06am Feb 1, 2008 4:41am | Edited 5:06am
Usd/Cad

Price has rallied early strongly yesterday morning
and has since appears now to be dwindling in the wind .....

///////////////////////////////////////////////////////////////////
In an attempt to limit the risk of this trade
- Now moving protective stop to .9950
-----------------------------------------------------------------
( See chart below )http://i30.tinypic.com/2i6ovgl.jpg
  • #2,474
  • Feb 18, 2008 11:10am Feb 18, 2008 11:10am
I think that there is a possible head and shoulders pattern on the 4hr chart and should turn out bearish tomorrow. If i am right then that should take us towards 0.95 and maybe lower.
  • #2,475
  • Feb 18, 2008 1:45pm Feb 18, 2008 1:45pm
I do not post much on these forums as the times I have , I have been attacked.

However here goes another try.

If the CPI comes in as expected tomorrow then the currenct bull flag on the 60 min will be broken to the upside with a possible target of 1.0230.

The inverse can be seen on the cadjpy. A bear flag , which if broken will give 104.7 as 1st target.

I do see the head and shoulders on the 4 hour and as long as 1.0250 is not broken the head and shoulders pattern remains intact.

Attached Image (click to enlarge)
Click to Enlarge Name: cad1.png Size: 117 KB
Blogging daily now at www.volume.zone
  • #2,476
  • Feb 18, 2008 4:55pm Feb 18, 2008 4:55pm
any thoughts about today's "BOC Governor Carney Speaks"?
Further rate cut?
  • #2,477
  • Feb 22, 2008 7:41am Feb 22, 2008 7:41am
Horrible retail sales. 1.1200 next
Patience + Humility + Study = Success
  • #2,478
  • Feb 25, 2008 10:36am Feb 25, 2008 10:36am
Quoting DutchTrader
Horrible retail sales. 1.1200 next
what a day for this pair...

1.1200 i would wish. the pair is extra mega ultra oversold in smaller timeframes but still going down and went below 1.0000
i thought at least this would be a decent support but not at all. did not even bounce.. just broke it.
  • #2,479
  • Feb 25, 2008 10:38am Feb 25, 2008 10:38am
Quoting Bernanke_Sr
what a day for this pair...

1.1200 i would wish. the pair is extra mega ultra oversold in smaller timeframes but still going down and went below 1.0000
i thought at least this would be a decent support but not at all. did not even bounce.. just broke it.
I was long on the retail sales on Friday. This morning went short, looks like 9900 is next.
Patience + Humility + Study = Success
  • #2,480
  • Feb 25, 2008 10:42am Feb 25, 2008 10:42am
Quoting DutchTrader
I was long on the retail sales on Friday. This morning went short, looks like 9900 is next.

yess 9900 is a good target... but at this point i am staying put. usdcad is very weird sometimes but brings a nice income as well...

anyone knows the reason of such a fall without any canadian news release?
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