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USD/CAD

  • #5,961
  • Jul 30, 2014 1:08am Jul 30, 2014 1:08am
Quoting Greener
{quote} shorting USDCAD in uptrend is not very wise unless you are a consummate scalper. However, congestion area from 10870 should be first resistance
WEll it is a scalp.. it would be a scalp opposi9te direction but a 60 pip intraday scalp if it rises first etc
  • #5,962
  • Jul 30, 2014 3:01am Jul 30, 2014 3:01am
Quoting Greener
{quote} I actually don't believe there will be much chance for a pullback until 1.1. As stated before, a straight line trend is quite normal with this pair. Next week will be shorter in Canada as Monday is bank holiday...but there will be the employment data. Chances are that most of the activity will be this week.

yes, this pair is bullish on all time frames, even monthly is pointing up, no indicators needed here for that. I'll leave long positions alive but my target is more optimistic .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,963
  • Jul 30, 2014 5:06am Jul 30, 2014 5:06am
Having breached multiple resistances (200-day SMA, 61.8% Fibo level, descending trend line breakout) 1.0880 becomes immediate resistance for the pair before it ranges to 1.0930. Daily Close below 1.0830 can nullify the breakouts.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 43 KB
  • #5,964
  • Jul 30, 2014 5:11am Jul 30, 2014 5:11am
aiming @1.09
Keep calm and go GREEN...
  • #5,965
  • Jul 30, 2014 5:25am Jul 30, 2014 5:25am
Up Up Up it has to go......
  • #5,966
  • Jul 30, 2014 5:35am Jul 30, 2014 5:35am
Quoting Raider
Up Up Up it has to go......
now the road is wide open to 1.100
Keep calm and go GREEN...
  • #5,967
  • Jul 30, 2014 5:43am Jul 30, 2014 5:43am
Quoting nofirumi
{quote} now the road is wide open to 1.100
quite tricky as the price of raw material nearly doubled consensus estimate...inflation=growth...if there is any retracement it is now
  • #5,968
  • Jul 30, 2014 5:48am Jul 30, 2014 5:48am
Quoting Greener
{quote} quite tricky as the price of raw material nearly doubled consensus estimate...inflation=growth...if there is any retracement it is now
yes, i do not mind for any retracement, will add another long positions
Keep calm and go GREEN...
  • #5,969
  • Jul 30, 2014 8:26am Jul 30, 2014 8:26am
Quoting nofirumi
{quote} yes, i do not mind for any retracement, will add another long positions
no retracement just straight line uptrend as previously anticipated...if one gets the right entry this is one pair you can sleep on...1.1 is my tp for the time being...but I will keep some open trade as I am sure tp will be surpassed
  • #5,970
  • Jul 30, 2014 12:19pm Jul 30, 2014 12:19pm
So is 1.1 still ON
  • #5,971
  • Edited Jul 31, 2014 1:25am Jul 30, 2014 11:02pm | Edited Jul 31, 2014 1:25am
Quoting Raider
So is 1.1 still ON
very much so. next target for today is 1.0965
  • #5,972
  • Jul 31, 2014 2:55am Jul 31, 2014 2:55am
short now
target 10620 sl 10922
  • #5,973
  • Jul 31, 2014 2:58am Jul 31, 2014 2:58am
Quoting fatpanda
short now target 10620 sl 10922
There you are!, Mate, you need to post on the EU thread.
1.3333 is almost here! everyone's waiting..
  • #5,974
  • Jul 31, 2014 3:33am Jul 31, 2014 3:33am
Quoting fatpanda
short now target 10620 sl 10922
are you sure?...
  • #5,975
  • Jul 31, 2014 5:27am Jul 31, 2014 5:27am
1.0940 can become intermediate resistance for the pair before it rallies to 1.0980 and 1.100. However, a trade below 1.0875 can nullify the rally.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 43 KB
  • #5,976
  • Jul 31, 2014 5:38am Jul 31, 2014 5:38am
GDP rises but CAD don't.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #5,977
  • Jul 31, 2014 5:39am Jul 31, 2014 5:39am
Quoting Fx_Anil
1.0940 can become intermediate resistance for the pair before it rallies to 1.0980 and 1.100. However, a trade below 1.0875 can nullify the rally. {image}
this won't stop until 1.1...discounting next week employment data now. Canada is US trading partner...this move is concerted.
  • #5,978
  • Jul 31, 2014 5:51am Jul 31, 2014 5:51am
Quoting Greener
{quote} this won't stop until 1.1...discounting next week employment data now. Canada is US trading partner...this move is concerted.
I'm with you
  • #5,979
  • Jul 31, 2014 8:33am Jul 31, 2014 8:33am
Quoting Fx_Anil
{quote} I'm with you
below 1.0870 retracement can be wider...1.0875 can add a smaller long....today new high confirmed strong uptrend
  • #5,980
  • Jul 31, 2014 11:20am Jul 31, 2014 11:20am
Quoting Greener
{quote} below 1.0870 retracement can be wider...1.0875 can add a smaller long....today new high confirmed strong uptrend
It was clear that US could not let us down...up again
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