EUR/CAD

http://www.telegraph.co.uk/finance/f...bs-crisis.html

rISK AVERSION BACK ON SHORT EUR/CAD

A flaw in Goldman’s thesis


One reason Goldman expects the Fed to launch another round of QE:

Goldman Sachs expects this to happen soon given the weakness in the U.S. economy as a result of lower business inventory accumulation and a fading fiscal stimulus.

Umm, didn’t business inventories double expectations this morning? I’m just sayin’…

http://www.forexrainbow.com/files/a0...vgi80xabef.jpg

good opportunity here - H1

Eur / Cad

I am terribly bearish on this pair and I believe any rallies would be just to unwind oversold status and can be sold. We might even breakdown some more today

I am new on this forum and in FX for that matter too.

I went Short @1.2862

Still my idea is bearish on this pair. My guess is that the Fib retracement will not reach the 23.60% and that the pair is following the downward direction as it did the previous days.

EMA(20) & EMA(50) downwards on D1,H4 & H1 charts.

On fundamentals, I don't have a feeling that the EUR will make an upward move.

But as said before that is my novice opinion, like to hear what more advanced traders think what this pair will do and on my point of view on this.

Thanks

So far all is going my way. I fore see a minor resistance @1.2815, but if this has passed it can go further to 1.2780

I hope

Nice plan! Is the topic still alive???? I find out that there is a nice moment just now in the eur/cad zone! In the h4 it seems to be that the graph is holding under the upper red line but i suppose we should wait for a breakthrough of that nasty support(bottom red line).
What do you think?

Well after i written the previous post, a few things have changed. Apparently eur/cad has broken the top red line(previous attachment) and started a steady bull move gaining several pips(around 60) pips in one night. What do you think is happening? Are we looking at a trend reversal?

potential long - paying attention

SELL 0.100M EUR/CAD @ 1.38057, SL 1.40800 (274 pips), TP 1.35600 (246 pips) Gartley bearish on daily chart

eur/cad @ 4 hour

Which is the best broker for trade Eur/cad now i use activtrades but the spread is to hight for scalping

now!

Well, we are geting closer to the very important level 1,34600.
Either that will be a pretty nice double bottom and price will sky-rocket to the 1,36600
or the price will break through and we will see another free falling.
I am expecting some false signals before the trend will estabilish its solid direction.
Anyway I think whatever scenario will be chosen it's a nice risk-reward game...

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The EURCAD steam-power has gone this afternoon and wasn't enough strong to skip above 1,3600.
It looks the pair needs a little more time to bounce up and I think we can see a small pullback to 1,3400 zone which is a strong support/resistance area.
I hope today's BOC statements could add fuel to the momentum and then we could possibly see EURCAD @ 1,3600 at the end of the week.
However if BOC news will push the pair down below 1.3400 I am execting a long free falling as below 1.3400 there's a huge STOP-LOSS area for many traders and any trading below 1.3400 will trigger their stop loss orders.

EURCAD 4H chart

Well, so we're getting closer to our 1,3400 area.
Within next two,three hours we'll have unemployment news, Bernanke etc so we will be able to find out if 1,3400 will become resistance or support for next days

So the EURCAD hit for awhile 1.3404 and bounced back.
As I said the 1.3400 was an important support/resistance area so this is why the price jumped like crazy 1200pips in less then 3 hours.
It opens a nice way to meet 1.3630 next or even this week.
Now the price is about 1,3530 and next available short-term retracement will give an apportunity to get into the train.

The next station is 1.3600 ??? ..... I hope so....

Well, well, well... so my scenario for this pair has finally fulfilled.
The funny thing is... I missed that bloody trade!!!!!!!!
I had my ENTRY point set up to 1,3400 while the price barely touched 1,34040 (plus spread).
But if I've had my train missed I don't try to chase and jump in it... it's better to wait for another one.
On the other hand I feel like a looser when 2800pips in two days just passed in front of my nose.

OK. Couple of news comming on from Canada in an hour.
If nothing exciting will come out the next station will be 1.3780
Good luck for those who are in the EURCAD trade-train...