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USD/CAD

  • #5,661
  • Jun 26, 2014 10:10am Jun 26, 2014 10:10am
first challenge to get back above 1.0720, some stops waiting at 1.0725
Do what's right for you
  • #5,662
  • Jun 26, 2014 11:46am Jun 26, 2014 11:46am
now this thing is kidding me....1.0688
  • #5,663
  • Jun 26, 2014 11:51am Jun 26, 2014 11:51am
Well well well......bye bye logic
I expected at least a little reversal at 1.0690
  • #5,664
  • Jun 26, 2014 11:52am Jun 26, 2014 11:52am
effort to break through the barrier, now challenging bids at 1.0690
Do what's right for you
  • #5,665
  • Jun 26, 2014 11:53am Jun 26, 2014 11:53am
and it keeps dropping..was there news ?
  • #5,666
  • Jun 26, 2014 11:55am Jun 26, 2014 11:55am
This could well be the reason.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 163 KB
  • #5,667
  • Jun 26, 2014 11:58am Jun 26, 2014 11:58am
Quoting abhijityad
This could well be the reason. {image}
whatever it is. this pair has gone crazy and fallen far too low now. I expected it to rebound at 1.0750. it didn't. its fallen 575 pips from the high. thats way too fast
  • #5,668
  • Jun 26, 2014 11:58am Jun 26, 2014 11:58am
Quoting abhijityad
This could well be the reason. {image}
Nice

They are highly correlated since canada is major oil producer and a huge part of their economy
  • #5,669
  • Jun 26, 2014 12:00pm Jun 26, 2014 12:00pm
Quoting giveachance
{quote} whatever it is. this pair has gone crazy and fallen far too low now. I expected it to rebound at 1.0750. it didn't. its fallen 575 pips from the high. thats way too fast
Agreed..it seems to be defying logic especially since Canadian economic data has not been that convincingly strong and US data has not been so convincingly weak.
  • #5,670
  • Jun 26, 2014 12:04pm Jun 26, 2014 12:04pm
Hi
From my opinion, the market going crazy and an expected things happen.
Isn't it?
  • #5,671
  • Jun 26, 2014 12:09pm Jun 26, 2014 12:09pm
Nope, this wasn't expected, today as you see on chart it was reported that oil prices are getting lowered as the Iraq crisis recedes, while this growth may not last longer but still its doing the unexpected.
  • #5,672
  • Jun 26, 2014 12:11pm Jun 26, 2014 12:11pm
Quoting Abdul2012
Hi From my opinion, the market going crazy and an expected things happen. Isn't it?
may be due to football....
  • #5,673
  • Jun 26, 2014 12:13pm Jun 26, 2014 12:13pm
rubbish pair. needs to get a tight slap now. this euro rise is doing nothing good for the pair.
  • #5,674
  • Jun 26, 2014 12:18pm Jun 26, 2014 12:18pm
Quoting turk1
{quote} may be due to football....
actually you are right. maybe due to football. stupid usa playing today
  • #5,675
  • Jun 26, 2014 12:20pm Jun 26, 2014 12:20pm
was always going to be a big move after the weeks of consolidations between 1.0820 and 1.1
Do what's right for you
  • #5,676
  • Jun 26, 2014 12:20pm Jun 26, 2014 12:20pm
there are other powers at work... when dots dont connect then we have to realize manipulation is in play. trade safe
  • #5,677
  • Jun 26, 2014 12:21pm Jun 26, 2014 12:21pm
wtf it cannot rise more than 5 pips also.
  • #5,678
  • Jun 26, 2014 12:27pm Jun 26, 2014 12:27pm
Quoting turk1
{quote} may be due to football....
USDCAD pair is like --> PORTUGALGERMANY, totally fucked up
  • #5,679
  • Jun 26, 2014 12:48pm Jun 26, 2014 12:48pm
Quoting momochi
was always going to be a big move after the weeks of consolidations between 1.0820 and 1.1
what is "consolidations"....??

i am sorry but seriously i do not know many of the terms used in the forex.
  • #5,680
  • Jun 26, 2014 12:50pm Jun 26, 2014 12:50pm
http://www.babypips.com/forexpedia/Consolidation

if you are new to forex this is a good site to learn from.
Do what's right for you
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