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USD/CAD

  • #5,761
  • Jul 4, 2014 12:22pm Jul 4, 2014 12:22pm
even bigger in AUD .. maybe something happened with commodities hmm
Do what's right for you
  • #5,762
  • Jul 5, 2014 7:59am Jul 5, 2014 7:59am
Quoting momochi
Trying a long this morning. failed to close lower, seems bears running out of steam, also expect some dollar positivity from yesterday. if it can close above 1.0660 then there will be a nice hammer on the weekly. my stops at the recent low.
not quite the hammer I was looking for but signs of bull making it's move and weekly lookinng interesting;

http://i.imgur.com/0zb5ac8.jpg

some news monday and then clear until employment numbers on friday.
Do what's right for you
  • #5,763
  • Jul 5, 2014 9:17am Jul 5, 2014 9:17am
technical view as below, next daily stop will be at 0600, expected to bounce to 0720
from the expected value, looks like its going to be bearish by next week
i want to know the fundamental view, would anybody share it to me
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  • #5,764
  • Jul 7, 2014 3:35am Jul 7, 2014 3:35am
Near-term bears are likely to remain present at the market while trading USDCAD as signaled by the descending trend line and inability to break the 40-day EMA. Downside supports of 1.0615 and 1.0600 are the strong the point before the pair test 1.0520 and 1.0480 support levels.
Today's Building Permits and Ivey PMI release seems important for the pair.
Attached Image (click to enlarge)
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  • #5,765
  • Jul 7, 2014 7:06am Jul 7, 2014 7:06am
Quoting Fx_Anil
Near-term bears are likely to remain present at the market while trading USDCAD as signaled by the descending trend line and inability to break the 40-day EMA. Downside supports of 1.0615 and 1.0600 are the strong the point before the pair test 1.0520 and 1.0480 support levels. Today's Building Permits and Ivey PMI release seems important for the pair. {image}
Permits are GREEN and PMI is RED.
Now where to go, seems it's stuck between 1.063 - 1.066
Keep calm and go GREEN...
  • #5,766
  • Jul 7, 2014 7:12am Jul 7, 2014 7:12am
u/cad looks bullish at h1&h4, mostly due to weak PMI <50 I guess. today or tomorrow levels > 1.07 with high possibility.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,767
  • Jul 7, 2014 7:16am Jul 7, 2014 7:16am
offers at 1.0670 to get through 1st
Do what's right for you
  • #5,768
  • Edited 8:12am Jul 7, 2014 7:23am | Edited 8:12am
Looks like the trend skidded around the corner from down to up. Bullish.
Attached Image (click to enlarge)
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There's always money in the banana stand.
  • #5,769
  • Jul 7, 2014 7:42am Jul 7, 2014 7:42am
dunno about this, atm looks bullish.
i think we still need the upcoming news on wednesday, the FOMC Meeting Minutes...
Keep calm and go GREEN...
  • #5,770
  • Jul 7, 2014 7:58am Jul 7, 2014 7:58am
http://www.nasdaq.com/article/canada...20140707-00460

anyone hot enough on fundies to know what type of impact 'The employment index for June was at 45.6, indicating employment was lower than in the previous month.' is likely to have on the full employment numbers on friday?
Do what's right for you
  • #5,771
  • Jul 7, 2014 8:25am Jul 7, 2014 8:25am
Wave count is still pointing to a final leg down to 1.0560 area before advance.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #5,772
  • Jul 7, 2014 9:01am Jul 7, 2014 9:01am
Quoting LizardGizzard
Looks like the trend skidded around the corner from down to up. Bullish. {image}
Any projections, or just bullish in general for a long time?
  • #5,773
  • Jul 7, 2014 9:17am Jul 7, 2014 9:17am
Quoting skyhok
Wave count is still pointing to a final leg down to 1.0560 area before advance. {image}
How is this wave count correct?
  • #5,774
  • Jul 7, 2014 9:54am Jul 7, 2014 9:54am
Quoting AmeriTrini
{quote} Any projections, or just bullish in general for a long time?
Well, I wouldn't begin to presume to project anything really. I just see the momentum shifting and will ride along until it looks like it loses steam. Looking to see what happens around 1.0720 if it gets there. First, its gotta gather a little steam to try and topple 1.0680.
There's always money in the banana stand.
  • #5,775
  • Jul 7, 2014 10:52am Jul 7, 2014 10:52am
I have been following your discussion and I thought I would offer my long-term view on the USD/CAD.

I believe that USD/CAD has reached the target of the H&S top on the daily and weekly charts which coincides with the long term uptrend line from 2012.

I am long this pair from last Tuesday.

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  • #5,776
  • Jul 7, 2014 1:39pm Jul 7, 2014 1:39pm
Quoting LizardGizzard
{quote} Well, I wouldn't begin to presume to project anything really. I just see the momentum shifting and will ride along until it looks like it loses steam. Looking to see what happens around 1.0720 if it gets there. First, its gotta gather a little steam to try and topple 1.0680.
what he said... SL pretty tight along the way. I would expect asia to follow the trend and early morning london to test buyers again.. lets see.

some interesting breaks going on.. daily specifically , out of the consolidation so far...

edt: oh and there are sellers waiting at 1.0690 to go through.
Do what's right for you
  • #5,777
  • Jul 7, 2014 9:46pm Jul 7, 2014 9:46pm
Quoting nofirumi
{quote} Permits are GREEN and PMI is RED. Now where to go, seems it's stuck between 1.063 - 1.066
The loss in the PMI affected the strength of CAD. However, near-term strength isn't damaged.
  • #5,778
  • Jul 7, 2014 10:04pm Jul 7, 2014 10:04pm
Quoting Fx_Anil
{quote} The loss in the PMI affected the strength of CAD. However, near-term strength isn't damaged.
As I've seen last nite, probably now it's the time for the bull.
As permits got green, USD rebounded quickly, then followed by loss in the PMI, today apparently USD will going to 1.07xx.
But I do expect a small correction to clear my short position below, then put another long
Keep calm and go GREEN...
  • #5,779
  • Jul 7, 2014 10:15pm Jul 7, 2014 10:15pm
Quoting nofirumi
{quote} As I've seen last nite, probably now it's the time for the bull. As permits got green, USD rebounded quickly, then followed by loss in the PMI, today apparently USD will going to 1.07xx. But I do expect a small correction to clear my short position below, then put another long
  • #5,780
  • Jul 7, 2014 10:22pm Jul 7, 2014 10:22pm
Quoting Fx_Anil
{quote}
Mate, what do you think of this wave below:
Attached Image (click to enlarge)
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Keep calm and go GREEN...
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