USD/CAD

I am short at 1.08713 based on H4. Its a late entry but let's see...

Just a short term view IMHO, Loonie seems weakening to test 1.0830 level, below which important support zone lies near 1.0815 - 1.0810 region. Should it break 1.0810, chances are higher that the pair can extend its downtrend towards 1.0730 – 1.0700 area. On the upside, 1.0910 and 1.0930 becomes immediate resistances for the pair to test.

THIS A BACK TEST FOR THE Manufacturing Sales NEWS OF CANADA
Trading CAD Manufacturing Sales m/m

USDCAD H4 121 pattern :http://harmonicstube.blogspot.com/20...usdcad-h4.html

for medium term traders

h4

target fibo 76,4

original bullish abcd + stoch

Venceremos

long entry at 1.0850 : u/cad found solid support at 1.0840/50 zone.
usd/cad is somehow disconnected with DXY and has better positive correlation with eur which btw has become a funding currency vs commodity ones. yes, u/cad should be more DXY correlated but I'm not seeing that much in the last few months... or I'm wrong? conclusion : it's commodities vs others, so any rise in eur/aud or gbp/nzd is reflecting the same at u/cad. falling u/chf won't ruin that. so, for u/cad bulls, when someone sees dxy falling, don't panic, u/cad has it's own path.

crazy day, great for positioning, but must admit the swings were larger than expected. i guess americans/canadians were pissed they didnt get the low of the day.. is their currency pair after all. got a long at 1.0845, a short at 1.0872, still holding another long from 1.0882 doh.

i dont think this can take another push down below 1.0845... hope thats the last one, if not my short going to have to make up some losses haha.

daily 200ema gives support for 3rd time in the last 30 days. coincidence or not, zone 1.0820/50 where this line lies is the place where buyers are stepping in. if they don't give up, u/cad is set for a big rally.
but now it's time for football

On the H4 chart, the price is within 2 harmonic patterns’ range. If the demand pushes up across the market and having the positive divergence confirmed, we are expecting a growth.


http://forex-fa14.blogspot.com/

time for fullfilling the profesy

Dear traders, Can we consider the descenidng trend line breakout on H4 chart of USDCAD as a valid one. If the pair closes above 1.0875, it should test 1.0900 levels. On the contrary, 1.0855 and 1.0835 becomes immediate supports for the pair.

would probably draw the line something like the below and therefore suggest that is hasnt broken out ..... yet.

http://i.imgur.com/JZ5Jg8Z.jpg

Thanks for your guidance momochi, It does signal that the pair is yet to go up above 1.0875 in order to break out and rally to above 1.0900 levels.

1.0880 seems like the breakout level. I got longs from 1.0865 SL at 1.0852. Will add above 1.0880

it takes long time ... i think it should be breakout TP at 1.09421

pretty healthy escape from the 1hr downtrend and retest of top of channel. Has been a lot of sellers after NY open recently, let's see what happens today.

http://i.imgur.com/ZwC6UaQ.jpg

1.0861 / buy

Bulls to come....

canadian wh.sales + 1.2%, bad but not catastrophic for u/cad longs.
next crude oil inventories and the star of the day/week FOMC. Most curious about Yellen, is she'll go on with pleasing the markets or (Carney style) will try to cool things down while everyone is watching football?

China
http://finance.yahoo.com/news/china-...100439330.html

Well, at some point of the time the party will end..badly. The eventual burst of the Chinese bubble will hurt all commodity currencies.