USD/CAD | Page 430 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

USD/JPY - USD/CAD any thoughts? 4 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD
Exit Attachments

USD/CAD

  • #8,581
  • Edited 8:08pm Dec 17, 2015 7:25pm | Edited 8:08pm
Yes you guys are right, for the time being now I think CAD is very much the most oversold currency of all, shorting USDCAD now at 1.3950+ seems reasonable to me, you could aim for maybe 1.37


Note: 20% may only be the revenue but you have to understand we not accounting that everything we use, do, see, eat, work, everything, has a relation to oil. Also our new PM is a bit of a useless liberal nut so I would imagine not a ton of investors have a lot of confidence in a entitled born rich substitute drama teacher.
All posts are my personal opinion
  • #8,582
  • Dec 18, 2015 1:43am Dec 18, 2015 1:43am
Just look at this TL, what a slope. Need to get back to it first and whether it will break or not indicate whether more downside prevail.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-12-18-07-41-18.png Size: 223 KB
  • #8,583
  • Dec 18, 2015 3:18am Dec 18, 2015 3:18am
I'm waiting a double zigzag
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1,,,111.gif Size: 144 KB
  • #8,584
  • Dec 18, 2015 6:24am Dec 18, 2015 6:24am
Quoting Temujin
{quote} Short from 1.3810 and staying in the trade. Now that the Fed has finally raised, oil is at nearly $30 a barrel and USD/CAD is almost to 1.40 that should be it for the year. I think at least 4 hikes are built into the USD index value by now but there may not be another for quite some time. So I can't forget about the USD side of this trade. I think the US dollar is way overbought. Sold at 1.3810 with a Take Profit of 1.34
It is rare to get this price for selling position. I think USD hikes going to pull up until May 2003 price before Xmas
  • #8,585
  • Dec 18, 2015 6:38am Dec 18, 2015 6:38am
Quoting fbp
{quote} It is rare to get this price for selling position. I think USD hikes going to pull up until May 2003 price before Xmas
You mean we gonna see 1,4300 before christmas?
  • #8,586
  • Dec 18, 2015 6:48am Dec 18, 2015 6:48am
we will see 1.4 in 40 minutes
  • #8,587
  • Dec 18, 2015 7:03am Dec 18, 2015 7:03am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 167 KB
  • #8,588
  • Dec 18, 2015 7:32am Dec 18, 2015 7:32am
  • #8,589
  • Dec 18, 2015 7:45am Dec 18, 2015 7:45am
This is data from statcan, showing 1.4% y/y increase with trend pointing upwards.

Attached Image


But FF display the data this way

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-18_134413.jpg Size: 11 KB


Ryan on ForexLive made a comment that's more inline with the real data.

ForexFactory is a piece of human excrement
  • #8,590
  • Dec 18, 2015 7:56am Dec 18, 2015 7:56am
CAD profit taking in data - sales facts
  • #8,591
  • Dec 18, 2015 8:00am Dec 18, 2015 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: zombie.png Size: 43 KB
  • #8,592
  • Dec 18, 2015 8:04am Dec 18, 2015 8:04am
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad 5m.png Size: 94 KB




Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #8,593
  • Dec 18, 2015 8:07am Dec 18, 2015 8:07am
Because Canada is so cold, the effect of rate cut may only be seen after it gets warmer next year, when everyone starts to get out and do some work, make sense? No?
Attached Image (click to enlarge)
Click to Enlarge Name: o-2014-OLYMPICS-CANADA-SNOW-facebook.jpg Size: 125 KB
  • #8,594
  • Dec 18, 2015 9:58am Dec 18, 2015 9:58am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 161 KB
  • #8,595
  • Dec 18, 2015 10:36am Dec 18, 2015 10:36am
It will probably reach 1.3830 but I am not sure whether that will happen before the market closes for the weekend.
  • #8,596
  • Dec 18, 2015 10:57am Dec 18, 2015 10:57am
tremendous. missed the chance. will wait for shorting opportunity next week
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 45 KB
As Above, So Below
  • #8,597
  • Dec 18, 2015 11:03am Dec 18, 2015 11:03am
Attached Image (click to enlarge)
Click to Enlarge Name: bloomzoom.png Size: 44 KB
  • #8,598
  • Dec 18, 2015 11:10am Dec 18, 2015 11:10am
Quoting Darkforce
This is data from statcan, showing 1.4% y/y increase with trend pointing upwards. But FF display the data this way {image} Ryan on ForexLive made a comment that's more inline with the real data. ForexFactory is a piece of human excrement
Darkforce, are you complaining that Forex Factory is posting incorrect data? The Wholesale Sales, and the other numbers are simply links to government posted statistics (http://www.statcan.gc.ca/daily-quoti...51218a-eng.htm).

If you are saying that there are positive spins and negative spins to the same data, then I agree. But I don't think FF is being biased when they report Canadian stats, or stats from any other country for that matter.
Si vis pacem, para bellum.
  • #8,599
  • Dec 18, 2015 11:23am Dec 18, 2015 11:23am
Quoting MJBhinder
{image}
now B up and C more down
  • #8,600
  • Dec 18, 2015 11:29am Dec 18, 2015 11:29am
Quoting Duce
{quote} Darkforce, are you complaining that Forex Factory is posting incorrect data? The Wholesale Sales, and the other numbers are simply links to government posted statistics (http://www.statcan.gc.ca/daily-quoti...51218a-eng.htm). If you are saying that there are positive spins and negative spins to the same data, then I agree. But I don't think FF is being biased when they report Canadian stats, or stats from any other country for that matter.
FF posts month over month, statcan yearly data, different animals.
6 traders viewing now