USD/CAD

mark carney is leaving the BOC it will be interesting to see who they replace him with.

I see a good opportunity for a sell here under the 4-Hours

-Trend indicators are pointing down
-Wave indicators (short term trend)

- Extreme indicators point overbought conditions.

-The chart pattern shows a falling trendline that is currently on an Up correction. and there is already a down candle there

Make sure to set a stop loss slightly above 0.9960 resistance level in case the market reverses.

what do you think of this http://www.cbc.ca/news/business/stor...bt-europe.html

canada is a public relations expert, they're hiding everything very very well

selling strong

all moving averages flatlining

CAD been battered across literally every cross and USDCAD has been glued to 9950 for the entire day. Technically broken the triangle on the upside, but not seeing much motivation to push it further up. Smells options related. Any other technical views?

rate announcement in 5 minutes

I definitly agree, somethign wierd tends to happen before moves, i bet the canadian banks are involved in something fishy, wouldn't be surprised they are just as bad as all the other banks but made out to be freaking angels.

if euro continues to rally on european strength and recovery then usdcad will fall

Nice ranging opportunities until that point. Going to try a long here soon.

4 hours

From its four months peak on the 14th of November, the USD/CAD currency pair has been dropping below a bearish Fibonacci fan to the support level around 0.9913. There the decline was stopped and the rate moved into a sideways trend between this level and the next resistance level around 0.9953 by entering the fan. The Commodity Channel Index (CCI) is set to enter its oversold market zone, while the Momentum predict an acceleration of the bearish trend. Therefore we might see further losses if the support level is not strong enough to keep the pair up.

USDCAD
SELL
If the price breaks through the level 0.99035 bearish movement will start. Targets of the bearish movement: 0.98790, 0.98512.

It's a little bit strange and unusual movement of USD/CAD is observed today as oil plunged dramatically, though CAD was strenghtening at the same time.

ivey is under 50 and thats bad but no affect yet.

Employment up in canada

This pair is gonna go down hard next week Canada just approved the cnooc nexen deal

My EW count for USDCAD

http://www.freeimagehosting.net/t/tk75w.gif

Targets for the 5th wave

http://www.freeimagehosting.net/t/o125p.gif

interesting wave count

Dec 12, 2012 .. 12 12 12 is the day when usa interest rates shall be no longer at .25 percent lolllllllllllllllllllllllllll