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USD/CAD

  • #6,941
  • Feb 24, 2015 1:24pm Feb 24, 2015 1:24pm
The Dollar is holding steady on all other pairs at the moment.
  • #6,942
  • Feb 24, 2015 1:30pm Feb 24, 2015 1:30pm
Quoting irongoose
The Dollar is holding steady on all other pairs at the moment.
Oil is falling though, which should be supportive, but for now that recent news move will keep the pressure on, gotta expect more of a decline now. May see 1.235-1.24 within 24h, If so, I'd be in the red a bit, but wouldn't mind as I said, will add and still go for test of highs.
  • #6,943
  • Feb 24, 2015 1:36pm Feb 24, 2015 1:36pm
Just manage your $$ well and stick to the trend and be patient, we will get those green pips in time
  • #6,944
  • Feb 24, 2015 1:48pm Feb 24, 2015 1:48pm
Quoting Ck87
{quote} Oil is falling though, which should be supportive, but for now that recent news move will keep the pressure on, gotta expect more of a decline now. May see 1.235-1.24 within 24h, If so, I'd be in the red a bit, but wouldn't mind as I said, will add and still go for test of highs.
My longs were binaries and I still have about 4 hours left, my risk was very little and I would have never tried longing this pair today with a spot trade just for the reason we are witnessing at the moment.
  • #6,945
  • Feb 24, 2015 1:52pm Feb 24, 2015 1:52pm
Quoting irongoose
{quote} My longs were binaries and I still have about 4 hours left, my risk was very little and I would have never tried longing this pair today with a spot trade just for the reason we are witnessing at the moment.
Basically this was a gamble on my part thinking there wasn't any reason for The Cad to strengthen and the risk was very low, what I really should have done was hedged this trade so I could have at least broke even if not profited.
  • #6,946
  • Feb 24, 2015 2:01pm Feb 24, 2015 2:01pm
Longs here are so dependent on the "oil" hope. I smell weakness in that.
The coincidental success is more dangerous than the expected failure
  • #6,947
  • Feb 24, 2015 2:28pm Feb 24, 2015 2:28pm
Buying inbetween 1.24740 and 1.25....
  • #6,948
  • Feb 24, 2015 2:41pm Feb 24, 2015 2:41pm
H1 the trend line is about to touch at 1.2469 there's broken channel is at 1.2469 and

H4 there's a 38.2 fib level at 1.2469 soo its a great opportunity to buy !

i am on the train from there
  • #6,949
  • Feb 24, 2015 2:59pm Feb 24, 2015 2:59pm
Quoting irongoose
I hope it shoots right back up today.
Not today because every analyst scrutinized the semantics of Poloz who seems so laid back after surprising with a rate cut. Insurance should never come in the form of a rate cut. Maybe bond buy backs but a rate cut signals danger usually.

Oil will be the only factor to really break this consolidation since it seems Canada isn't going to cut any time soon and the US isn't going to raise anytime soon.
hope for the best and expect the worst.
  • #6,950
  • Feb 24, 2015 4:34pm Feb 24, 2015 4:34pm
Potential replay idea....let's see if history repeats. Just waiting to touch base with this triangle to evaluate further bounce.
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  • #6,951
  • Feb 24, 2015 6:13pm Feb 24, 2015 6:13pm
Quoting Neqrotik
Longs here are so dependent on the "oil" hope. I smell weakness in that.
Oil hope? First off the USD is in a strong bull trend. Second of all USD CAD is trading very closely with oil, I guess that just broke off for today but from the indications I'm seeing this move is bullish. I'm glad to get a discount on longs. Freebies.
  • #6,952
  • Feb 24, 2015 8:38pm Feb 24, 2015 8:38pm
will go long on 1.2450 target 1.25xx
  • #6,953
  • Feb 24, 2015 9:08pm Feb 24, 2015 9:08pm
Quoting edyraper
will go long on 1.2450 target 1.25xx

And I will sell it to you @ 1.25XX

The coincidental success is more dangerous than the expected failure
  • #6,954
  • Feb 24, 2015 9:26pm Feb 24, 2015 9:26pm
daily.
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  • #6,955
  • Feb 25, 2015 12:05am Feb 25, 2015 12:05am
Quoting Neqrotik
{quote} And I will sell it to you @ 1.25XX
I'll take em off your hands , We'll see how "weak" UCAD is when oil drops to $43
  • #6,956
  • Feb 25, 2015 12:06am Feb 25, 2015 12:06am
Quoting edyraper
will go long on 1.2450 target 1.25xx
Make sure you buy it with intention of adding at 1.235 if it falls there, because that seems very possible. But I guess if your target is just 1.25xx might not make sense r/r... I'm going for retest of highs sometime in coming weeks/months.
  • #6,957
  • Feb 25, 2015 12:23am Feb 25, 2015 12:23am
Crude barely recovered in correlation with UCAD, don't think we'd see UCAD going down any further unless USD gives itself away. (Which is highly possible considering the move we've seen across the USD pairs.)

Will be looking to add long at 1.24 if it gets there, major support around that region. Otherwise I don't think now is the time to trade the pair.
Luck shines on the positive.
  • #6,958
  • Feb 25, 2015 2:26am Feb 25, 2015 2:26am
Cad looks strong on short term also against other currencies. Don't know if it is wise to go short but will still wait before going long.
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  • #6,959
  • Feb 25, 2015 2:31am Feb 25, 2015 2:31am
this week
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  • #6,960
  • Feb 25, 2015 4:36am Feb 25, 2015 4:36am
Quoting Ck87
{quote} Make sure you buy it with intention of adding at 1.235 if it falls there, because that seems very possible. But I guess if your target is just 1.25xx might not make sense r/r... I'm going for retest of highs sometime in coming weeks/months.
Yes , i have got another long order on 1.2350 target 1.25xx
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