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USD/CAD

  • #6,141
  • Aug 13, 2014 4:54pm Aug 13, 2014 4:54pm
Quoting allisonmagic
{quote} interesting target.. why 1.082 ?
as it one of major support on daily chart bro
  • #6,142
  • Aug 13, 2014 4:55pm Aug 13, 2014 4:55pm
Wave [iv] correction terminates near 1.0890 area before advance.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1 19.png Size: 51 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #6,143
  • Aug 13, 2014 4:57pm Aug 13, 2014 4:57pm
Iv made a substantial amount of coin trading UCAD last month.. waiting for further retracement, seeing how much lower we can go, before I jump back in, granted the fundamentals jive.

still yet to hit that 1.10 mark.. im sure theres a bulleyes on it.
lowest draw down possible please.
  • #6,144
  • Aug 13, 2014 5:10pm Aug 13, 2014 5:10pm
Quoting Elaktaby
{quote} as it one of major support on daily chart bro

thanks for the insight
  • #6,145
  • Aug 13, 2014 11:13pm Aug 13, 2014 11:13pm
IMHO, i don't think this pair able to hit the target @1.100, at least not in this month.
Based on my daily chart, this probably starts the downtrend or just a correction wave to south....just my 2 cents
Attached Image (click to enlarge)
Click to Enlarge Name: usd-cad 140814.png Size: 21 KB
Keep calm and go GREEN...
  • #6,146
  • Aug 13, 2014 11:31pm Aug 13, 2014 11:31pm
market decided to lift JPY crosses so everything else is in function of it...
The Market pays you to be disciplined
  • #6,147
  • Aug 14, 2014 3:04am Aug 14, 2014 3:04am
A criteria for a flat correction : "Wave C should move slightly beyond the end of wave a and terminates, but not by more than 10 or 20%" MEW Neely
That's Spot On! Now the advance to a potential of 1.1240.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30 20.png Size: 65 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #6,148
  • Aug 14, 2014 3:33am Aug 14, 2014 3:33am
Quoting skyhok
A criteria for a flat correction : "Wave C should move slightly beyond the end of wave a and terminates, but not by more than 10 or 20%" MEW Neely That's Spot On! Now the advance to a potential of 1.1240. {image}
I think it should be more than 20% down...anything in the low 1.0800 should be a good long entry based on current technicals...if it breaks 1.0750 I would be short biased...atm I don't see anything to challenge uptrend apart from some fundamental consideration. If there was more congruence between fundamental and technical perspectives I would feel more confident but rarely there is any.
  • #6,149
  • Aug 14, 2014 7:37am Aug 14, 2014 7:37am
Well, in M30 still in down trend...
The Market pays you to be disciplined
  • #6,150
  • Aug 14, 2014 9:58pm Aug 14, 2014 9:58pm
Quoting Greener
{quote} I think it should be more than 20% down...anything in the low 1.0800 should be a good long entry based on current technicals...if it breaks 1.0750 I would be short biased...atm I don't see anything to challenge uptrend apart from some fundamental consideration. If there was more congruence between fundamental and technical perspectives I would feel more confident but rarely there is any.
the level @1.0750 is the level we should be watching, before going to hit 1.1200...
Keep calm and go GREEN...
  • #6,151
  • Aug 14, 2014 10:12pm Aug 14, 2014 10:12pm
Everyone knows by now that there is CAD news today ...so market is waiting for that and I am sure they are confident to go short USDCAD...as they are doing it for a while...
The Market pays you to be disciplined
  • #6,152
  • Aug 15, 2014 1:19am Aug 15, 2014 1:19am
Quoting mima
Everyone knows by now that there is CAD news today ...so market is waiting for that and I am sure they are confident to go short USDCAD...as they are doing it for a while...

as well as PPI for US, careful on this pair you might have some wild moves in both directions.

i'm looking to long eurcad
  • #6,153
  • Aug 15, 2014 3:58am Aug 15, 2014 3:58am
USDCAD is going down for more then a week..must be reason for it in todays news....
3 hours before news USDCAD is going down...
The Market pays you to be disciplined
  • #6,154
  • Aug 15, 2014 4:19am Aug 15, 2014 4:19am
Quoting mima
USDCAD is going down for more then a week..must be reason for it in todays news.... 3 hours before news USDCAD is going down...
wishing that
  • #6,155
  • Aug 15, 2014 4:24am Aug 15, 2014 4:24am
hi

USDCAD is in a decision making status. the price is moving between an upward and a downward trend line.

http://up.boursy.com/uploads/2013-10/USDCAD-minH4.png

in 2 or 3 hours, after the statistics have been published, a break out would happen either in the upward trend line or in the downward one. that would be an excellent moment to decide to take a long position or short one.


http://up.boursy.com/uploads/2013-10/1ff.png
http://up.boursy.com/uploads/2013-10/2ff.png
BE HAPPY, MAKE HAPPY.
  • #6,156
  • Aug 15, 2014 4:45am Aug 15, 2014 4:45am
you can read this

http://www.forexfactory.com/news.php?do=news&id=499596
http://www.forexfactory.com/news.php?do=news&id=499599
  • #6,157
  • Edited 5:42am Aug 15, 2014 5:31am | Edited 5:42am
Quoting itsyesman
hi USDCAD is in a decision making status. the price is moving between an upward and a downward trend line. {image} in 2 or 3 hours, after the statistics have been published, a break out would happen either in the upward trend line or in the downward one. that would be an excellent moment to decide to take a long position or short one. {image} {image}
if going up, won't go that far. imho, level 1.09400 is the level to watch, breaking that would continue the 1.100 target...

Corrected Data Shows Canadian Employment Rose By 42,000 In July

hhmm...this will bring pair to 1.0750
Keep calm and go GREEN...
  • #6,158
  • Aug 15, 2014 5:38am Aug 15, 2014 5:38am
Closed my short 1.0870 for +90 pips. That's it for this week. Good luck guys
  • #6,159
  • Aug 15, 2014 6:09am Aug 15, 2014 6:09am
Quoting itsyesman
hi USDCAD is in a decision making status. the price is moving between an upward and a downward trend line. {image} in 2 or 3 hours, after the statistics have been published, a break out would happen either in the upward trend line or in the downward one. that would be an excellent moment to decide to take a long position or short one. {image} {image}

after the double top patter the downward trend has started. after the the disappointing statistics the breakout occurred. if the price remains under the upward trend line for 1 more day then the price will plunk down to the next fibo level which roughly equals the classic target of the double top pattern.


http://up.boursy.com/uploads/2013-10/USDCAD2-minH4.png
BE HAPPY, MAKE HAPPY.
  • #6,160
  • Aug 15, 2014 6:28am Aug 15, 2014 6:28am
Hello everybody
I'm sold USDCAD as you can see
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 27 KB
wael.m
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