USD/CAD

USD/Cad,Daily view,1Hour chart(16.02); -London close

Bearish probability if price breaks and confirms 0.998(confluence between Weekly and Daily Pivot and 200Sma),it could drop further to 0.995(Daily S1) and 0.938(Weekly S1 Pivot).


Bullish probability,if 0.998(Key Level explained earlier)will hold as support,price could turn bac upside to reach 1.002(Daily r1 Pivot)and 1.005(Key Level, confluence between Weekly R1 and Daily r2 Pivots).

doctortyby

And long again @ 99.65, target 1.0040

Joined.

Im in somewhere there too

hello

And the 1 hr chart

whts the direction of USD/CAD

So far so good, going to keep the long over the weekend

long not looking good.. pullback on oanda set prices to 0.9925

This is not looking good for being long, we are testing a major level of support right now. The question is, do we hold or close and wait?

The weekly and monthly charts appear to be at a low so the poetential downside appears to far less then the poetential upside. Also the time spent above the 1.00000 level is much greater than the time spent below it. I would say its a fair hold long.

Watch for news coming up:
Tuesday - Retail Sales
Thursday - Unemployment claims
Friday - speech from Mark Carney(BOC)

Also the order book for USD/CAD says we have 70.31% Long.

Yep im getting anally raped in my long positions

Whats your price?

1.0030 if this move transpires this mean risk stuff like the sp500 will go to something rediculous like 1370-1380 on tuesday... i dont see that happenong

they might try to take out the stops from oktober @ .988...bulls watch out

Ill probably just pick up some more under 99

lol I am in 1.0020 and she just broke loose. looks like now we will see .99000

monday is a bank holiday here in north america, so we're gonan have really thin volume, this is gonna get ugly for me and you

This week is going to be interesting, more than likely a very painful one too.

Adding a little bit to my long

Canadian dollar strength has been favored by non-commercials. Large specs held 9,566 net long contracts according to the latest COT report data from the CFTC. The Canadian dollar (CME) went net long last week for the first time since 6th September 2011. A projection lower has been added to the attached chart but there are plenty of strong support areas to break beforehand if the Loonie can break south.

http://www.forex-fx-4x.com/wp-conten...arity-2012.jpg