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USD/CAD

  • #6,041
  • Aug 3, 2014 5:02pm Aug 3, 2014 5:02pm
Quoting Stu Effex
{quote} P.S. Nice entry
thanks. I think we have a good 80% chances to get there soon. If Canadian job data disappoints this week, we'll get there for sure...however situation should improve in the job market almost certainly but probably not enough to prop CAD up...tomorrow is bank holiday in Canada and not much happening in US. I expect USD to strenghten in August....in Canada probably they will revive talks about overcapacity etc..to weaken CAD from September onwards when USD should also weaken. In the end USDCAD is expected to raise until the end of the year to new highs possibly.
  • #6,042
  • Aug 4, 2014 4:47pm Aug 4, 2014 4:47pm
Short @ 1.09100
almost 300 pips in the last month should be the end to the streak for USD CAD.
Long term bearish on canadian dollar since March so sticking on this short
  • #6,043
  • Aug 4, 2014 8:34pm Aug 4, 2014 8:34pm
Looks like an opportunity for a nice and strong retracement if it picks up momentum for the next 24 hours.
  • #6,044
  • Aug 5, 2014 12:12am Aug 5, 2014 12:12am
USDCAD short 10918
  • #6,045
  • Aug 5, 2014 5:49am Aug 5, 2014 5:49am
seems this pair is kinda running out of fuel climbing up...not sure anymore will peak @1.1 as I see resistance is @1.094xx
Keep calm and go GREEN...
  • #6,046
  • Aug 5, 2014 7:15am Aug 5, 2014 7:15am
Even though the pair has rallied too much during recent times, 1.0960 can become important resistance before it extends its uptrend towards 1.1000 levels. Downside support of 1.0900 is important.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 44 KB
  • #6,047
  • Aug 5, 2014 7:59am Aug 5, 2014 7:59am
Quoting Fx_Anil
Even though the pair has rallied too much during recent times, 1.0960 can become important resistance before it extends its uptrend towards 1.1000 levels. Downside support of 1.0900 is important. {image}
I fear that a retracement from 1.0960 could take us as far back as 1.0800 before any major uptrend...if not it's just destiny...1.1 is next important step for me...it will be touched for sure...only problem is when
  • #6,048
  • Aug 5, 2014 8:04am Aug 5, 2014 8:04am
Quoting Greener
{quote} I fear that a retracement from 1.0960 could take us as far back as 1.0800 before any major uptrend...if not it's just destiny...1.1 is next important step for me...it will be touched for sure...only problem is when

looking at the charts it doesn't look like it wants any retracement so I'll leave my longs for now but if I "smell" something bad the execution would be very fast..I hope.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,049
  • Aug 5, 2014 9:31am Aug 5, 2014 9:31am
Quoting bikov
{quote} looking at the charts it doesn't look like it wants any retracement so I'll leave my longs for now but if I "smell" something bad the execution would be very fast..I hope.
It might be a double top now...hopefully not...I won't let it go until 1.1...but below 1.0777 I would have some second thought...let's see. it looks like there's no clear direction for the time being....but major uptrend should prevail in the long run
  • #6,050
  • Aug 5, 2014 10:11am Aug 5, 2014 10:11am
this is a solid bull trap or this really wanna rock till > 1.1
left a half of my longs, the rest are closed
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,051
  • Aug 5, 2014 10:24am Aug 5, 2014 10:24am
Quoting bikov
this is a solid bull trap or this really wanna rock till > 1.1 left a half of my longs, the rest are closed
yes, you are probably right but it just because it's August that I tend to expect choppiness....no double top here, hopefully major retracement will happen when we get past 1.1
  • #6,052
  • Aug 5, 2014 10:31am Aug 5, 2014 10:31am
Quoting Greener
{quote} yes, you are probably right but it just because it's August that I tend to expect choppiness....no double top here, hopefully major retracement will happen when we get past 1.1

looking at hourly chart - very bullish and healthy up trend.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,053
  • Aug 5, 2014 10:34am Aug 5, 2014 10:34am
Quoting bikov
{quote} looking at hourly chart - very bullish and healthy up trend.
indeed...once we have 1.1 if we retrace nicely to 1.0820 at least...I will probably reload for 1.12...major trend is superbullish
  • #6,054
  • Aug 5, 2014 10:37am Aug 5, 2014 10:37am
Quoting Greener
{quote} indeed...once we have 1.1 if we retrace nicely to 1.0820 at least...I will probably reload for 1.12...major trend is superbullish

if it falls to low 1.08's it would be an early Christmas present for me .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,055
  • Aug 5, 2014 10:40am Aug 5, 2014 10:40am
Quoting bikov
{quote} if it falls to low 1.08's it would be an early Christmas present for me .
if it does it will be fast...but chances are quite high after 1.1...I will set a pending order soon...a smaller one at 1.0855 as well
  • #6,056
  • Aug 5, 2014 1:20pm Aug 5, 2014 1:20pm
it seems that it's running out of fuel.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,057
  • Aug 5, 2014 1:24pm Aug 5, 2014 1:24pm
Starting to build a short here, expecting back down to 1.07xx
All posts are my personal opinion
  • #6,058
  • Aug 5, 2014 1:37pm Aug 5, 2014 1:37pm
Quoting bikov
it seems that it's running out of fuel.
I just looked at the momentum indicator with a 6 months timeframe...and it looks like there still margin for further upside based on historical records... not much but enough to get to 1.1...PA looks like topping atm....but if it stays above 1.0960 by US close...I tend to stay bullish
  • #6,059
  • Aug 5, 2014 1:48pm Aug 5, 2014 1:48pm
Quoting Greener
{quote} I just looked at the momentum indicator with a 6 months timeframe...and it looks like there still margin for further upside based on historical records... not much but enough to get to 1.1...PA looks like topping atm....but if it stays above 1.0960 by US close...I tend to stay bullish

if not today, tomorrow could cross 1.1 there's not a big distance from here but overall above this level would look as some say toppy, daily rsi14 is already 74 and some pullback would be normal and needed after all, for loading longs and eating another round of pips .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6,060
  • Aug 6, 2014 5:43am Aug 6, 2014 5:43am
Quoting bikov
{quote} if not today, tomorrow could cross 1.1 there's not a big distance from here but overall above this level would look as some say toppy, daily rsi14 is already 74 and some pullback would be normal and needed after all, for loading longs and eating another round of pips .
I will be closing my trade a little in advance at 1.099...instead of 1.1...not sure what Russia is up to & expect positive data from Canada...It's a nice feeling anyway
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