USD/CAD

$usdcad breaking down on that bear flag

Getting ready to jump on the USD big bear!!! All aboard in half an hour

why are u saying that?

I'll wait for the new Monthly charts to get painted later this afternoon. We shall see, but a reversal is likely coming.

With all the doubt about the US?!

1.000 is like a magnet for this pair. I wouldnt be surprised to see it cme back down to it

According to Fredrik Paulson, FX analyst at Scandinavian investment bank Nordea Markets, ‘’the close correlation between the US/Canadian 10y government spread and USDCAD … suggest that tapering (in turn driving yields) has been rather significant in guiding USDCAD since the tapering-debate started in May” (see right chart below).
http://invezz.com/uploads/story/5766/211.png
Despite the recent depreciation of the currency pair, the USD/CAD continues to trade above the support projected from September 2012, ‘’confirming the intactness of the upward trend’’, Paulson adds (see left chart above). The research team from Nordea believes that the US dollar ‘’should have the potential to strengthen more markedly’’ against its Canadian peer as the Fed finally starts reducing the pace of asset purchases. On the strength of this evaluation, the Scandinavian bank maintains its three-month forecast at 1.05 loonie to the greenback.

http://invezz.com/news/forex/5766-fo...weekly-outlook

I caught the drop down from 1H resistance.

1.05 "forecast" when the price is at 1.03 ? haha
next time, Paulson should sell us a forecast at least 10% different of todays price, lol.
i know more than Paulson ! and many of you, also.

I shorted before GDP data was released at the break of the triangle but we failed to close belo 0275. This is such a horrible range. I´ll give it a while and close it if there´s no definite down movement

http://i.imgur.com/RG9j308.jpg

this is the best thing to hedge now !!

Good day,

Entered long again on the drop today.

Still small positions.

Target 1.0700 as a final stop

Regards

I do believe the markets are entering into a "Risk Averse" atmosphere. This will contribute to the rise in the USD/CAD as well as other commodity currency crosses. Along with the USD/CAD, the EUR/AUD and GBP/CAD crosses have some powerful upside ahead of them over the next several weeks into months.

A few weeks (Sept) back I mentioned the GBP/CAD having a Bullish Engulfing bar on the Month chart. Now we see the results of that Bullish Engulfing bar. It is just at the beginnings of an uptrend. Any sell off in this pair has been matched by a quick retrace back upwards. Lots of upside with not much resistance as can be seen on the M1 chart. The 23.6 fib retracement hasn't even been touched as of yet. Powerful upside potential.

So remembering that until you reach a target 1.0700 there will be a slight decrease, there is a lot of line resistances, I see a target of 1.0600.

We will have a nice move higher objetvio today. "1.0340"

Good day,

We are currently just above S/R level marked (1) ( 1.0300 region) where price has been limited to bounce off this support. The next level down will be 1.0250(2) with a test of 1.0210(3) unlikely - but there.

As long as the 1.0300 support holds, we could expect pressure higher to ultimately go for 1.0358 as a first strong level of decision. We actually have another level @ 1.0367 there as well. This should therefor become the next choppy area. If we can get 1.0367 to become support, we have a clearance to 1.0465 as the next important level.

Still early days - but i'm bull rather than bear on this pair. Dips still good to buy.

Trade well

Rumors are usually false, and sometimes the things you see can be misleading as well; be very skeptical until there is proof.
Jane: Believe nothing of what you hear, and only half of what you see. The paper reported that the city government is going bankrupt, but I believe nothing of what I hear, and only half of what I see.

http://idioms.thefreedictionary.com/...f+what+you+see

A chart is worth a thousand words

limit short on EC
price struggling to break 3980-90 zone
Key fib area for reversal 78.6-88.6 my red box

Estamos dentro de um canal, que foi formado por uma onda de nivel (ii) prolongada, tenho um objetivo hoje que acredito que vai ter uma correção para voltar a subir. Objetivo 1.0289.

The attached chart demonstrates a hidden bullish divergence. However, it’s not a perfect hidden divergence, therefore, I suggest going long in small positions.