USD/CAD

It is a perfect environment for the sell off on the markets today or tomorrow. I think USD/CAD is going to go up from here. I might be wrong though :-)

Looking for at least 40 pips here (to 0142)

we'll see if this holds tonight or gets retested.

might reverse soon

Only time will tell.

enter Long at 1.01268 will move SL to BE once hit 50 pips, will use TS.

1 hour 48 minutes ago
From 07:56 20-Jan-2012 GMT
Till 11:56 20-Jan-2012 GMTBuy
Buy at 1.0108
Take profit* at 1.0178
Stop loss at 1.0068

Hi Guys,

I hope you all making money. I wanted to tell you what I think about the direction of the market. As I mentioned previously dow will have resistance at this level and now the markets will have to correct before going higher. Dow will need to go to 12400 approximately, and nasdaq to 2735. Basically, what I am trying to tell you is that the USD/CAD paid will have to go higher from here. So, I am long with a heavy bet. I might be mistaken though :-)

I can't tell you what the target is though, I will look for two things: 1. nasdaq and dowj to hit my numbers, and 2. for $usd index to hit $82.75-$83

USD/CAD attempted to bearish breakout the asymmetric triangle, but the breakout is not strong enough. USD/CAD has been consolidating for couple of weeks. It is now stuck in a very close resistance zone and support zone. For the time being, I am waiting for stronger breakout (either bearish or bullish).


http://lcchong.files.wordpress.com/2...ng?w=837&h=380

USD/CAD continued to engage in choppy sideway trading in converging range last week as triangle consolidation from 1.0656 extended

hey guys here is my ew wave count for usd/cad, what do you think about it?

is it valid?????
triple bottom...inverted head n shoulder.....

Sell at 1.0142
Take profit* at 1.0072
Stop loss at 1.0182

Price already broke support at the bottom of the triangle but im not goin to waste a good chart. pending buy order at 1.0088. Doubt it'll get filled but ill keep it open until ny close.

good call!

USD/CAD Weekly View (23-27th of January), 4 Hours chart in analogy with 35 Pips Constant Range Bars Chart.

http://www.dukascopy.com/imageserver..._2/image54.jpg

http://www.dukascopy.com/imageserver...2/image857.jpg

USD/CAD Weekly View (23-27th of January),4 Hours chart:

- Bearish Probability under 1,006(Weekly S1 Pivot)after a retracement back to 1,015(Weekly Main Pivot confluence with 100SMA and Uptrend Line)could reach 0,997(Weekly S2 Pivot) before retracing back upside.

- Bullish Probability should break 1,015(Weekly Pivot confluence with 100SMA and Uptrend Line) and reach first 1,022(Monthly Main Pivot, confluence with 200SMA and Downtrend Line).Next Resistence is 1,024(Weekly R1) and 1,033(Weekly R2 Pivot).After this Level will be touched Price could retrace back down to the Downtrend Line.

To Your Success,

Daily Pivots: (S1) 1.0098; (P) 1.0129; (R1) 1.0152

No change in USD/CAD's outlook and triangle consolidation from 1.0656 continues. Firstly, as long as 1.0051 support holds, we'd favor an eventual upside breakout. But secondly, break of 1.0422 is needed to be the first signal of breakout and target a test on 1.0656 high

Venn you still holding gold? nice run there past few trading sessions.

this thread has become eerily dead did the last move wipe everyone out

last 3 data points that came out today gdp, rmpi, and i-something were all CAD bearish, as well as the market looking toppy, i'm a buyer but it hurts haha