USD/CAD

Sure mate. thanks. Will post my insights here. I think UC has bottomed out for the day. no more moves expected. Next week should see 1.3 or lower depending on oil price. If oil price falls expect Ucad to jump to 1.35 level very fast. or UC should stay near 1.3 level for now.

Hey, all. The forex weekly outlook is live on the bog here: http://www.forexmademillionaire.com/...ook-3-13-2016/

It's a slightly new (and longer) format. You'll find three trades complete with entry, stop, and target levels.

Woot!

In my opinion, USD/CAD will go to the 1.3-1.31 zone this week. It's too early to say that U/C touched the bottom. I'll try to take a short on a high (maybe around 1.33).

What do you guys think ?

The downtrend on the longer term is still in place for the USDCAD, the current bullish pullback may be an opportunity for more sellers to come in.

baby OIL

zygzag done 1:1

h4 reistance strong 89 100 ma

Shorted @ 1.3360

anyone here got another opinion ?

USDCAD -Long above 1.3460

USDCAD was in the downtrend since 20th January this year. At the same time, Crude found some bid. At this stage we are sitting on 200ma ( USDCAD) and Crude oil touched 50% Fib retrecement at 39.30. We should se some correcting from the current levels. If the pair rallies above 1.3460 to make a higher high, there could be potential for long positions after pullback towards 1.3360
Three reasond for the long positions:
Touched 200 MA on daily charts.
Touched Yearly Pivot Point at 1.3140
Stochastic is extremly oversold on daily charts
Given the above technical conditions, the pair should find some bid from here.
Stop is placed below recent lows, take profits at 1.3740, former support and Fib retrecement.

Date: 03/15/2016
Pair: USDCAD
Price: 1.3360
Trade: Buy Limit
Lot Size: 0.03
Stop Loss in Pips: 200
Take profit in pips: 400
Risk of Equity: 2%
My Trading Checklist

ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: Yes
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk Off
Is this trade with the trend?: No
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: Yes
Am I selling resistance?: N/A
Is this entered during London’s session?: Not sure. Its a pending order
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: Yes
Where is the price in terms of Pivots Points?: Support

I think it would be nice to watch something else than a bunch of useless indicators.
Do you really think big players will watch a whatever SMA ? No

By the way, that was a 160 pips trade.

Well it's a little late to give you a hint about this pair but check out my prediction , next time I will give you guys some heads up
http://www.forexfactory.com/showthre...28#post8818428

expected moves since last week. UCAD downtrend continues.

I would have appreciated to hear from you this week. Always nice to get some other opinions.

Glad i was right with the dovish fed prediction, keeping my short open since 1.328 may close half of position and let the other half do its thing until some evidence shows USD will gain some traction

Sure mate, as i posted last week the usdcad was looking for down move clearly. Will update my analysis regularly

Price Action 101 (refresher)

Well, it reached 1.2950. Now what though? Do you think it will break below that level and continue falling?

Worth a flier here, but probably headed to the gray area below at some point in the near term.

As expected USCAD reached 1.3 level and also broke it. If price touches 1.285, possible region to long for a pull back till 1.32 level till the month end. Lets see.

what's the reason for buying at 1.285 please ? I'm new here