USD/CAD

I still have no idea how USDCAD moves. Can't apply the candlesticks approach.

well candle stick allways good for any pair. . happy trading guys.

TP 100 pips at 1.0403 and wait for a chance to put a long position again if this pair goes down.

I bought this pair (for no reason again) @ 1.0465 and just TP @ 1.0660. This is my lucky month !

i allready close all my trade for this pair. and cannot open long transaction for this pair since the price is allready to high for me.

Profit taking time.

Congragulation duce. so what now? start shorting? or more long with new target?

Buy USDCAD
above 1.0490 opens way for recent highs at 1.06.

can this pair go lower to 1.03xx?

where is everyone?

Buy again at 1.0505 , It is going Up and up !~

first TP riched. +60 pip less than 30 min.

anyone got some nice setups for this pair?

The Canadian dollar fell against the U.S. dollar on Tuesday, hit by global economic fears and the failure of the Bank of Canada to provide a clear signal that more interest rate increases were in the works after it raised its key rate by a quarter point.

lets close it with +95 pip.
congrate too all who saved the uc for him/her serf.

good for you then, i'm still holding my long targeting 1.06xx hopefully this can happen....

Canada had everything going right, more jobs, more building permits and yet Canadian $ plummet!

US had weak job growth, building permits unchanged and yet its currency soars?

Can somebody explain this phonemenon to me?

US is grow in a slow pace i think. but the growth still happen.
i also dont know why this pair going up.

Risk aversion. When times look bad (e.g. instability in EU) investors dump their riskier assets... selling "risky" assets = buying USD for "safe keeping". Personally I love risk aversion days, as long as you can smell it coming.

@Rknigh2: i agree 100%, i just realize this happen with the EUR touch 1.19xx this is a very low point for EUR, absolutely more people move their EUR in a more safe currencies, in this case USD, and JPY this two currencies is a safe currencies.....

Possibly because there are people who really looked at the numbers and see that the US is in worse condition than Spain and Portugal and only slightly better off than Greece.

The only thing which is saving the USD right now is that it is the reserve currency and that should work a bit longer until the situation in the US becomes so obvious that it cannot be denied that the US will never be able to pay off its debts or keep up with the interest payments on them.

What is making it very obvious is the poor showing on the NFP which is really far worse than it appears to be since the majority of the jobs are temporary census (government) jobs. This does not show growth and if the real situation is looked at--that LA is seriously considering filing bankruptcy, that virtually all of the states are functioning at a deficit and some are facing possible default--then the USD is really not a very good safe haven. People can still delude themselves that it is, but that cannot last too much longer, possibly another year or 2.