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USD/CAD

  • #9,421
  • Mar 5, 2016 3:07pm Mar 5, 2016 3:07pm
May bounce here, at the 200 daily sma.
The Trend Is Your Friend
  • #9,422
  • Mar 6, 2016 6:05am Mar 6, 2016 6:05am
I think it still goes down until 1.312x, then come back to 1.458x. Of course, oil news or agreements, and thursday ECB could change the wind...
  • #9,423
  • Mar 6, 2016 5:50pm Mar 6, 2016 5:50pm
bullish with targets 1.35 but depends on oil and equities
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 68 KB
  • #9,424
  • Mar 6, 2016 5:53pm Mar 6, 2016 5:53pm
in a new upward channel , make or break moment for cad near the 200 ma, bottom of the new channel
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2.PNG Size: 32 KB
  • #9,425
  • Mar 6, 2016 6:10pm Mar 6, 2016 6:10pm
Plain monthly chart without indi shows there's still more downside. So be careful trying to buy this one.
  • #9,426
  • Mar 7, 2016 1:29am Mar 7, 2016 1:29am
Quoting attilafx
{quote} Maybe, maybe not so yet .... {image}
Now i think recent strength in Crude prices, coupled with upcoming headline Canadian data-points might drag the pair further down.

Anyways, nice chart
  • #9,427
  • Mar 7, 2016 11:52pm Mar 7, 2016 11:52pm
The rally on oil has helped the Canadian Dollar, but it seems like the USDCAD is losing its bearish momentum, a pullback may be in the works for the following days.
  • #9,428
  • Mar 9, 2016 9:29am Mar 9, 2016 9:29am
1.3320 and 1.3300 support area, I'll be watching the reaction will be possible to load the boat...
View first reaction yesterday to 1.33
Also it's the middle of the last annual motion ! see 10.05.2015
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 35 KB
  • #9,429
  • Mar 9, 2016 10:46am Mar 9, 2016 10:46am
Quoting akash14
usdcad will hit 1.3 level next week. Only sell on tops and you will enjoy the profit. UNLESS oil bounces down, usdcad has no reason to go up.
Did anyone listen to my comment on UC and shorted it on top?
Believe in your thesis and stick to the plan, don't get scared with moves
  • #9,430
  • Mar 9, 2016 11:21am Mar 9, 2016 11:21am
  •  voty
  • Joined Sep 2015 | Status: Aspiring Trader | 326 Posts | Online Now
Quoting akash14
{quote} Did anyone listen to my comment on UC and shorted it on top?
Did not see your comment, but placed my shorts. Only was too early around 1.335 and s/o.
Today I checked only to see h&s on M30 and 100 pips down already. Not too late still, but did not like it.
So you did short and when ?
buying tops / selling bottoms
  • #9,431
  • Mar 10, 2016 7:22am Mar 10, 2016 7:22am
Quoting diggo
Large bears bulls are waiting at 3230/71. I'm happy to be on the sidelines until then. Oil has plenty of room to move up short term. Will be looking to long 3230/71 for a new HH (1.47+) with stops below 2832
I had to wait a few weeks but we finally completed the normal retrace. Large bulls were waiting for this. Long positions triggered at 3230 and 3271. Targeting 1.47+. First target 3960 should be a given.

Depending on oil, we have a potential overshoot to 3014. Will enter one last long there with stops below 2832.
  • #9,432
  • Mar 10, 2016 7:26am Mar 10, 2016 7:26am
Quoting diggo
{quote} I had to wait a few weeks but we finally completed the normal retrace. Large bulls were waiting for this. Long positions triggered at 3230 and 3271. Targeting 1.47+. First target 3960 should be a given. Depending on oil, we have a potential overshoot to 3014. Will enter one last long there with stops below 2832.
As long as OIL is up, USD/CAD is down to 1.28xx.
  • #9,433
  • Mar 10, 2016 11:34am Mar 10, 2016 11:34am
How long do you think it will take to realize a OIL drop again?? They said they would only stop producing more oil but will keep pumping out the current amounts? and with those amounts we are still way over supplied. I put a long in at 1.3401 and am kinda torn what to do...... any suggestions? I won't be mad if your wrong just like other opinions. I think I want to get out of my long and do a short til 1.32 ish but some are saying oil will even go higher? but I don't get why oil will go much higher at this point. Thanks again guys!
  • #9,434
  • Mar 11, 2016 12:22am Mar 11, 2016 12:22am
Quoting voty
{quote} Did not see your comment, but placed my shorts. Only was too early around 1.335 and s/o. Today I checked only to see h&s on M30 and 100 pips down already. Not too late still, but did not like it. So you did short and when ?
Did you short the usdcad at top again today after recent spike? It did not break the previous highs and hence followed its downtrend. If not you must have missed it again this week
Believe in your thesis and stick to the plan, don't get scared with moves
  • #9,435
  • Mar 11, 2016 2:30am Mar 11, 2016 2:30am
  •  voty
  • Joined Sep 2015 | Status: Aspiring Trader | 326 Posts | Online Now
Yes missed it again. Only I've caught the bottom and had long around @1.324xx for just a small 30+50 pips profit on the way up.
Now long again. Maybe we found a bottom here, or at least should be a strong resistance as I look on weekly.
Target fibo 61.8 for one, the other will keep running...
Stop-loss the same as the previous long at 1.3223. If there is a new LL, that's against me and I want to be out immediately...

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-03-11 0929_OANDA-GMT+2 Live - [USDCAD,H1]_long.png Size: 44 KB
buying tops / selling bottoms
  • #9,436
  • Mar 11, 2016 3:15am Mar 11, 2016 3:15am
Quoting voty
Yes missed it again. Only I've caught the bottom and had long around @1.324xx for just a small 30+50 pips profit on the way up. Now long again. Maybe we found a bottom here, or at least should be a strong resistance as I look on weekly. Target fibo 61.8 for one, the other will keep running... Stop-loss the same as the previous long at 1.3223. If there is a new LL, that's against me and I want to be out immediately... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: brent.png Size: 37 KB
just a heads up brent 4 hour
  • #9,437
  • Mar 11, 2016 3:28am Mar 11, 2016 3:28am
I'm waiting for USD/CAD to break below 1.3230 to short again.
  • #9,438
  • Mar 11, 2016 5:30am Mar 11, 2016 5:30am
Just came on, Im dido with Voty.(long for 2 smalls same s/l)... long boring morning...with UC... stopped out on my short eu/aud by a couple pips
slowest of the pairs this morning
should have shorted more eur
don't get in love with pairs ... up or down is the same pip value
  • #9,439
  • Mar 11, 2016 6:04am Mar 11, 2016 6:04am
  •  voty
  • Joined Sep 2015 | Status: Aspiring Trader | 326 Posts | Online Now
Quoting Hollyforex
Just came on, Im dido with Voty.(long for 2 smalls same s/l)... long boring morning...with UC... stopped out on my short eu/aud by a couple pips slowest of the pairs this morning should have shorted more eur
Aha then I wish you a luck! I'm out of the trade at break-even.
I regret since I placed it, there was no confirmation yet the move is over. And also going against daily/weekly trend.
It was about 8 pips away from stop-loss when I scaled in some more so I'm quite happy for break-even here...
Also stopped out on a tiny Aussie short. GU short left in play, but seems Cable is holding pretty well...
buying tops / selling bottoms
  • #9,440
  • Mar 11, 2016 7:22am Mar 11, 2016 7:22am
Quoting akash14
{quote} Did anyone listen to my comment on UC and shorted it on top?
Sorry, just read it now, havent been on much, I bailed my trade couple pips +.
will see news then I think Im done for week
anyways thanks for contributions....always appreciated
don't get in love with pairs ... up or down is the same pip value
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