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USD/CAD

  • #9,621
  • Apr 12, 2016 6:23pm Apr 12, 2016 6:23pm
Big drop on the USDCAD and it may continue lower if oil keeps rallying. The 1.2700 could be a temporary support.
  • #9,622
  • Edited 3:18am Apr 13, 2016 2:53am | Edited 3:18am
USDCAD might extend its downside as it broke below horizontal support-area. However, BoC should be observed carefully.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-ProDaily_13042016.png Size: 44 KB
  • #9,623
  • Apr 13, 2016 3:37am Apr 13, 2016 3:37am
possible false downside on weekly chart. take care today. the dollar index is rising. dollar is the strongest currency today. good oportunity here to buy 1.279 with sl at daily open 1.2766.
  • #9,624
  • Apr 13, 2016 4:18am Apr 13, 2016 4:18am
Quoting Fx_Anil
USDCAD might extend its downside as it broke below horizontal support-area. However, BoC should be observed carefully. {image}
Nothing to happen there carry on as normal

CAD is a neutral currency at present as BOC remain satisfied with economic developments and has signaled no bias for further easing. Core inflation close to target and the oil price has started moving higher during late February and March which bodes well for the resource exporting nation. Further upside in WTI will make the CAD a buy on pullbacks against weaker currencies.
It takes a lot for me to IGNORE you, but you can try.
  • #9,625
  • Apr 13, 2016 6:26am Apr 13, 2016 6:26am
USD/CAD found some support at 1.2750 and it may retrace back to 1.2850 and above, but I don't think this is the end of the bearish trend. I think I'll just use the retracement to open more shorts.
  • #9,626
  • Apr 13, 2016 7:46am Apr 13, 2016 7:46am
Quoting Erebus
{quote} Nothing to happen there carry on as normal CAD is a neutral currency at present as BOC remain satisfied with economic developments and has signaled no bias for further easing. Core inflation close to target and the oil price has started moving higher during late February and March which bodes well for the resource exporting nation. Further upside in WTI will make the CAD a buy on pullbacks against weaker currencies.
Recent US figures added strength to your points Great one man.
  • #9,627
  • Apr 13, 2016 9:08am Apr 13, 2016 9:08am
Quoting Fx_Anil
USDCAD might extend its downside as it broke below horizontal support-area. However, BoC should be observed carefully. {image}
WHY eur cad Going that much down
  • #9,628
  • Apr 13, 2016 9:35am Apr 13, 2016 9:35am
Stupid to bottom pick but long here 1.2780, stop 50
  • #9,629
  • Apr 13, 2016 1:58pm Apr 13, 2016 1:58pm
Long opened
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 66 KB
Man lie, woman lie, numbers don't
  • #9,630
  • Apr 13, 2016 8:51pm Apr 13, 2016 8:51pm
long TP 1.3000
  • #9,631
  • Apr 13, 2016 11:43pm Apr 13, 2016 11:43pm
Quoting tom2015
{quote} WHY eur cad Going that much down
EUR is cutting down across the board (due to chances of further monetary easing and a profit booking after recent month up-move) while the CAD is gaining much of the strength with Crude price advance and a trend-line break provided confirmation to pair's slide.
  • #9,632
  • Apr 14, 2016 2:55am Apr 14, 2016 2:55am
Quoting Fx_Anil
{quote} EUR is cutting down across the board (due to chances of further monetary easing and a profit booking after recent month up-move) while the CAD is gaining much of the strength with Crude price advance and a trend-line break provided confirmation to pair's slide.

Gold level coming up:

http://www.forexfactory.com/showthre...13#post8872613

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 38 KB
  • #9,633
  • Apr 14, 2016 3:20am Apr 14, 2016 3:20am
Quoting Quinton
{quote} Gold level coming up: http://www.forexfactory.com/showthre...13#post8872613 {image}
1.2950 might continue holding its immediate upside confined.
  • #9,634
  • Apr 14, 2016 7:56am Apr 14, 2016 7:56am
Quoting Fx_Anil
{quote} 1.2950 might continue holding its immediate upside confined.
What are you smoking over there? I'll have some

Check the Daily, who can guess the trend?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-14_22-51-00.png Size: 48 KB
It takes a lot for me to IGNORE you, but you can try.
  • #9,635
  • Apr 14, 2016 8:05am Apr 14, 2016 8:05am
Zoom in to the trading chart 4 Hour
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-14_23-00-10.png Size: 59 KB
It takes a lot for me to IGNORE you, but you can try.
  • #9,636
  • Apr 14, 2016 8:33am Apr 14, 2016 8:33am
Quoting JunkyFX
Stupid to bottom pick but long here 1.2780, stop 50
Dang, had the TP at 1.29 just missed. Break even and hope now. Don't think it will hold.
  • #9,637
  • Apr 14, 2016 9:05am Apr 14, 2016 9:05am
How see it?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 49 KB
  • #9,638
  • Apr 14, 2016 9:13am Apr 14, 2016 9:13am
Quoting JunkyFX
{quote} Dang, had the TP at 1.29 just missed. Break even and hope now. Don't think it will hold.
Took 60, call it a trade, maybe missed a big one. Who knows.
  • #9,639
  • Apr 14, 2016 9:34am Apr 14, 2016 9:34am
Quoting Erebus
{quote} What are you smoking over there? I'll have some Check the Daily, who can guess the trend? {image}
The trend is oil and precious metals have had a nice 2 month run. Any correction in oil and the Loonie is going in the penalty box for a timeout. I'd rather get short up closer to 130.

Do I get some sort of prize for getting the trend right?
Pride always comes before destruction.... -Proverbs 16:18
  • #9,640
  • Apr 14, 2016 9:41am Apr 14, 2016 9:41am
Setup for longs on a wave (c) retracement
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 14Apr16.png Size: 36 KB
Elliott Wave for optimum entry, exit and risk management of trades
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