USD/CAD Trading Room

Short Till 1.0745

The hourly USD/CAD is forming a nice little H&S pattern.
more details @ http://gulzaarfx.blogspot.com

gud trading everyone. its friday. last night i had a bad trade. the fake upside breach violated last high fractal and have got me stopped out. then i missed the downside ride.oh..surely not the illest trade taken. yeah what are the odds...

Im doing the same

This is a very temping long on the daily. Nice dojis and some excellent higher lows!

It is better to long it........If it can break its last two resistance then it can go for daily R2...waiting for the break out 1.08328 and 1.08351

Will it touch monthly pivot 1.0896 or bounce back from R2 1.0876 of the day??????

The platform is ready for the next some important news.........This is good way to control the market by the big banks...

long and still holding

i think its very good decision to buy it now with this price but i m bit worried that it would sleip from here to the 1.06 or something as it has a down trend on the daily chart ,, i see it would hit the daily down trend line before it goes down which lies around 1.09s
but what do u think
u have open positions on it

I closed my trade of the above mentioned quotes with a little gain of 70 pips and again Long with 1.08036 and I am hedging now it from 1.07610......It is very near to its support so hedging may make some sense here as I am not at least losing any pips there and can re enter from another support....Its historical support is 1700 pips below so it has chances that we shall see a big rally of USD in near time.......I shall be very happy if it goes to 1.06 level...........And it has chances........

the cup figure has formed also there are figures supporting that dollar is going to rise up these couple of hours ..

in the H4 chart also the fibonacci 50 level has been reached according to my fibo drawing .. I suggest buying in the meantime

if it passes the 1.0900 area it will climb nearly 100 pips..
technically the bullish movement is continuing also the oil prices have gone down to 68's..

I'm 3 pips + now
TP: 1.0998

good luck to all traders.

I think this is the pair...

Im in.

Diveregence on Daily RSI, IMO bias at Daily/4Hr are considered up agianst 1.0575/ 1.085 resepectively,

What was that crazy 20 pip spike up?

Hello everyone

I'm in long usd/cad...pls. see the charts,

30m daily s1 and 127 rejection..
4h 50% rejection and huge hammer/pin
Daily trying to form a pin with macd divergence...

just now had another hourly pin..

Stopped out y/day in usd/cad.

Though took some profit but lost overall 25 pips...no biggy..

I think this shall hv another low, Shall consider further long at the price level 1.0451 (127 and 261 reaction) on proper reaction of PA.

See the chart 4h and daily : current wave down at exectly 161% of last. Also at major weekly support.

But if u look at weekly and monthly candle(no chart) they hv engulfing candles. So I shall wait for further down move as hinted as above.

gfxtrader, et al,

I took some green pips on this pair over the last week or so. I'm not a fan of the usd/cad only because I'm canadian and the high canadian dollar is killing my export business. If it weren't for oil, this pair should be at 1.50. From what I see here, our economy is doing sh*t, but the news keeps telling us 'we've turned the corner on the recession'. Yeah...right...

On top of this, we could have a non-confidence vote of our government, which would force an election. They are in shambles and no one wants to admit that we'll be in rough shape once the government spending stops. They better pray that their money printing will work. And yes...they are printing money up here too, as are all world governments. It's just that only the US is admitting it and everyone else is in denial.

My opinion is that the greenback is too important to fail. Maybe I believe this because I've enjoyed years of high exchange rates which have made me profit handsomely in my business. And maybe those days are gone. But part of me is still being hopeful, only because I see first hand the rhetoric that comes out the mouths of our politicians.

(Rant over)

For the record, I am not in any USD/CAD trades at the moment, but I am considering a long position.

Easiest profitable trade I've had in a long time.

Bounce off my fibo line.

Just wondering who thinks the CAD is going to more or less bounce from 1.059 and who thinks it's gonna keep on rolling down?