USDCAD broken to new 10+ year high | Forex Factory

USDCAD broken to new 10+ year high | Forex Factory

USDCAD broken to new 10+ year high

USDCAD broken to new 10+ year high #FX pic.twitter.com/8BlaXyjTwP
— Joshua Mahony (@JoshuaMahony) July 24, 2015

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Jul 24, 2015 8:36am

This is all speculation. The fundamentals doesn't add up. Oil is not sustainable at these price level . The US economy is going to tank with the high dollar and then what will happen? More QE ? Rate hike goes on hold ? Speculation over a fcking .25 % rate hike causing other currencies to lose more than 15 % of their value against the USD does not add up.

Jul 24, 2015 7:13am

Don't get panic. It could reach 1.40 + Because
1. Oil is low (US Oil confirmed it moved towards 44.70). Still falling price through next week.
2. Gold. is low.
3. Fed Rate hike is coming and Next Wednesday is FOMC. Yellen is Hawkish so far.

It already a Double Top today from 2009 Oct (check Monthly Candle) and 1.40 would be another Double Top. A solid Multi-Year Short is coming before December I hope.

So, Don't be panic. Check at least Double re-action in D1 Candle to take any Long now.
Good luck!

Jul 24, 2015 6:48am

yep

Jul 24, 2015 10:33am

Time for a huge correction.

Jul 27, 2015 5:15am

That's what I've said. Took 50 on $/Y and 100 on E/usd this morning.

Jul 24, 2015 3:37pm

USD/CAD just tagged major weekly resistance. Time for correction if you ask me.

Jul 24, 2015 10:42am

Aww... The chart is smiling at us.

Jul 24, 2015 8:54am

The routing of major currencies against the USD is also exacerbate by ROBOTS scalping for pennies where there is weakness. This fcking BS should be banned .

Jul 24, 2015 10:08am

Quoting Guest

Disliked

why this strong move?

Ignored

The falling prices of commodities have hurt Canada's economy severely.

Jul 24, 2015 8:42am

time to short

Jul 24, 2015 8:41am

Quoting fxx360

Disliked

This is all speculation. The fundamentals doesn't add up. Oil is not sustainable at these price level . The US economy is going to tank with the high dollar and then what will happen? More QE ? Rate hike goes on hold ? Speculation over a fcking .25 % rate hike causing other currencies to lose more than 15 % of their value against the USD does not add up.

Ignored

You said it brother. I agree 100%. Pure speculation.

Jul 24, 2015 7:20am

Quoting Bd888

Disliked

Don't get panic. It could reach 1.40 + Because
1. Oil is low (US Oil confirmed it moved towards 44.70). Still falling price through next week.
2. Gold. is low.
3. Fed Rate hike is coming and Next Wednesday is FOMC. Yellen is Hawkish so far.

It already a Double Top today from 2009 Oct (check Monthly Candle) and 1.40 would be another Double Top. A solid Multi-Year Short is coming before December I hope.

So, Don't be panic. Check at least Double re-action in D1 Candle to take any Long now.
Good luck!

Ignored

Nice!

Jul 24, 2015 11:54am

Quoting MisterWhite

Disliked

Aww... The chart is smiling at us.

Ignored

Looks like an ominous "Bride of Chucky" grin to me.
Not good.

Jul 24, 2015 6:54am

now coming 1,28xx ;-)

Jul 24, 2015 7:10am

coming soon, usdjpy will follow ucad..breaking 12 years high..135.xxx

Jul 24, 2015 7:08am

Dollar will not get down before hitting 1.4

Jul 24, 2015 6:50am

time for big players to make it down

Jul 24, 2015 7:09am

But, it was this same news platform that stated Usd-cad will not cross into 1.30..
Just to deceive traders. Lol, sorry for those who fell to their gimmicks.

Jul 24, 2015 8:36am

Quoting zjfxtrader

Disliked

time for big players to make it down

Ignored

thats what they said about usd/jpy a few years ago! lol

Trader#A1CD

Jul 24, 2015 8:45am

Shame on Canadian Government and Central Bank for playing together with the jitters. Stop thinking we are just resources-exporting country and nothing more. The way to boost the economy is by developing innovative and competitive products and services, not by killing the currency.

Trader#BD04

Jul 24, 2015 6:51am

why this strong move?

Trader#F56F

Jul 24, 2015 7:07am

easy call to 1.35. commodities wan't rebound till next year

Story Stats

Jul 24, 2015 6:44am
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