USDCAD trend reversal? | Page 207 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

(False) Breakout & Trend Reversal Strategies?? 12 replies

Trend Reversal Confirmed? 0 replies

POLL- Trend Reversal or Retracement 0 replies

Are we close to TREND REVERSAL? 5 replies

Attachments: USDCAD trend reversal?
Exit Attachments

USDCAD trend reversal?

  • #4,121
  • Jul 2, 2011 8:32am Jul 2, 2011 8:32am
...
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 63 KB
  • #4,122
  • Edited 11:24am Jul 2, 2011 11:09am | Edited 11:24am
I think we retrace to high .96 low .97's and fall back to april lows...probably even lower all the way up to the august debt ceiling. Take a look at gbp/aud (daily), almost the same pattern a few weeks ago and it fell even lower. Just my opinion. I think the yen and the chf are going to fall even lower. Cad to raise interest rates by the end of summer I think.
Don't be fooled by randomness
  • #4,123
  • Jul 4, 2011 12:26am Jul 4, 2011 12:26am
Just waiting for debt ceiling decision or another postponement, and of course boc rate decision, those will be the USDCAD movers. IMHO.
  • #4,124
  • Jul 4, 2011 9:20am Jul 4, 2011 9:20am
potential bullish 1-2-3 setup, boring day

http://i53.tinypic.com/3588dvo.gif
  • #4,125
  • Jul 4, 2011 10:04am Jul 4, 2011 10:04am
Quoting Geene
Heading south..9550..
Uhh..9578..
Trader from Croatia
  • #4,126
  • Jul 4, 2011 6:47pm Jul 4, 2011 6:47pm
On Dly: STO is O/S & $ @ low BB suggests retrace ( but the long wick on today's candle) so await break up of 9620.

Yo FOTO: gm bank of ny had an interesting piece today re: commodities & the price boom. They compared present scenario to that of 2008 June/July.

wheat down 35% silver down 30% BDI down 50% corn down 21%.
Suggestion to watch USDI.

Euro, PIIGS,credit downgrades, the fit will hit the shan ( don't know when).
  • #4,127
  • Jul 5, 2011 3:12am Jul 5, 2011 3:12am
Finally some relief for my longs lol.
With a little bit of luck I'll come out of my mistake from last week without taking any loss. Or even with gain.
I have to play it smart though since even my bias is bearish.

Shamu
Attached Image (click to enlarge)
Click to Enlarge Name: uc 4hr 07-05-11.gif Size: 26 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,128
  • Jul 5, 2011 4:32am Jul 5, 2011 4:32am
Quoting KillerWhale
Finally some relief for my longs lol.
With a little bit of luck I'll come out of my mistake from last week without taking any loss. Or even with gain.
I have to play it smart though since even my bias is bearish.

Shamu
First goal 0.9650
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,129
  • Jul 5, 2011 9:53am Jul 5, 2011 9:53am
http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #4,130
  • Jul 5, 2011 11:19am Jul 5, 2011 11:19am
I tend to short this cross at ~0.9700-10, which is previous support, round number and 38.2 fibo

http://1.bp.blogspot.com/-kfrhG0jksp...+to+0.9700.png
  • #4,131
  • Jul 5, 2011 3:13pm Jul 5, 2011 3:13pm
it goes up finally, green pips for all
next target .966 23,6% fib level
  • #4,132
  • Jul 5, 2011 4:12pm Jul 5, 2011 4:12pm
I tend to swing trade this pair, short at .9875.. looking for .9500-.9450 target

Looking at the daily, I think we have abit more downside to go..
  • #4,133
  • Jul 5, 2011 7:06pm Jul 5, 2011 7:06pm
Moodies' downgrade porktugal. PIIGS squealing.

My take U/Cad shall retrace for a bit (risk-off for now).
  • #4,134
  • Jul 5, 2011 8:12pm Jul 5, 2011 8:12pm
Hello Scarecru,

Am staying with the previously outlined game plan. Am riding the roller coaster.

We just have completed a turn at the volatility extremes. Only time will tell if last week reverses.

Until I see a true change of direction in Euro/CHF that indicates real money is coming out of safe harbor the rest is market reaction to ongoing government interventions. Wealth has never been created by spending borrowed money.
Nations wealth comes from savings and investing not by runaway deficits.

Bogus bubbles are not the stuff of long term investing and consequential growth.

USD index remains technicaly as having made a bottom.

Have a good week.
  • #4,135
  • Jul 6, 2011 4:45am Jul 6, 2011 4:45am
Quoting KillerWhale
First goal 0.9650
Target reached (shy of half a pip but who cares)
Next target 0.9700 which I think will be the last for the time being, if it gets there.

S
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,136
  • Jul 6, 2011 6:20am Jul 6, 2011 6:20am
Quoting torkay77
it goes up finally, green pips for all
next target .966 23,6% fib level
reached 23,6% fib
next target .97 38.2% fib level

then no more longs cause risk of downtrend continuation increases
  • #4,137
  • Jul 6, 2011 8:08am Jul 6, 2011 8:08am
Quoting KillerWhale
Target reached (shy of half a pip but who cares)
Next target 0.9700 which I think will be the last for the time being, if it gets there.

S
Can't follow UC today, take profit on longs set @ 0.9700,
added limit sells @ 0.9680, 09690 and 09700.

S
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,138
  • Jul 6, 2011 8:09am Jul 6, 2011 8:09am
Quoting KillerWhale
Can't follow UC today, take profit on longs set @ 0.9700,
added limit sells @ 0.9680, 09690 and 09700.

S
currently in resistance.
  • #4,139
  • Jul 6, 2011 9:16am Jul 6, 2011 9:16am
I think this is a usd/cad headfake. it will go down further..like the rest of the turds. I am usually 85 to 90 percent right on my analysis
Don't be fooled by randomness
  • #4,140
  • Jul 6, 2011 9:44am Jul 6, 2011 9:44am
Quoting frothy
I think this is a usd/cad headfake. it will go down further..like the rest of the turds. I am usually 85 to 90 percent right on my analysis
Yeah , you must be a millionaire by now, like all the rest of the people on this forum.
New voice message: Why are you calling me? If I need you, I'll call you!
1 trader viewing now