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USD/CAD

  • #9,701
  • Apr 20, 2016 10:42am Apr 20, 2016 10:42am
There is red news on USDCAD after 4 hours...

Does it have anything to do with the current trend...? Or it's useless..?

Thanks to inform..
  • #9,702
  • Apr 20, 2016 10:44am Apr 20, 2016 10:44am
Quoting ahmedfouad77
There is red news on USDCAD after 4 hours... Does it have anything to do with the current trend...? Or it's useless..? Thanks to inform..
i think all news is useless
When life gives you lemons, make lemonade
  • #9,703
  • Apr 20, 2016 10:44am Apr 20, 2016 10:44am
Quoting Sa7an
{quote} Or................Alternatively/ {image} {image}
Strong trend needs a strong PA on higher TF and there was none so far. This pattern has its invalidation point. Additionally when 5 is done there's usually one more push below it (happening). It's not that easy to call the bottom after 2000p dive. 1.2550 area is my decision zone.
It's also against current situation - rally on commodities and dollar dump.
  • #9,704
  • Apr 20, 2016 2:36pm Apr 20, 2016 2:36pm
Quoting KzX
{quote} Strong trend needs a strong PA on higher TF and there was none so far. This pattern has its invalidation point. Additionally when 5 is done there's usually one more push below it (happening). It's not that easy to call the bottom after 2000p dive. 1.2550 area is my decision zone. It's also against current situation - rally on commodities and dollar dump.
Crude up nearly 10% today
  • #9,705
  • Apr 20, 2016 3:07pm Apr 20, 2016 3:07pm
Say what?!
Attached Image (click to enlarge)
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  • #9,706
  • Apr 20, 2016 3:47pm Apr 20, 2016 3:47pm
Quoting KzX
{quote} Strong trend needs a strong PA on higher TF and there was none so far. This pattern has its invalidation point. Additionally when 5 is done there's usually one more push below it (happening). It's not that easy to call the bottom after 2000p dive. 1.2550 area is my decision zone. It's also against current situation - rally on commodities and dollar dump.
Thank you! There is nothing substantiating that this is the bottom that this pair will hit.. A multi week drop doesn't just end by seeing a few bull candles on a 15M chart I'm still bearish on the pair until we see a week of sideways movement at least
Trade like a sniper not a machine gun
  • #9,707
  • Apr 20, 2016 5:41pm Apr 20, 2016 5:41pm
Monthly, Daily, telling me possible bottom today at 125935. Weekly I'm not 100% sure on but could be showing bottom also. When all 3 say change of trend it will be a change of trend. Have gone several longs today, avg is 126314. Looks to be resting sidewsys, last couple of hours.
  • #9,708
  • Apr 20, 2016 5:47pm Apr 20, 2016 5:47pm
Quoting Iglootrader
{quote} Thank you! There is nothing substantiating that this is the bottom that this pair will hit.. A multi week drop doesn't just end by seeing a few bull candles on a 15M chart I'm still bearish on the pair until we see a week of sideways movement at least
True, this is why I wrote that you need a proper PA on higher TF, however I enjoy entering before you actually see it.
The plan was to go below (5), 1.2630 (indicated on the chart - yesterday's low) - happened. Load there, set tiny BE, wait and see.
Oh and last 3 D is a so called block, one of my favs after bww.
If it's gonna reverse then, rounding up, the upper levels are 2600 - 2900- 3200 - 3500 - 3800.
Trade safe.
  • #9,709
  • Apr 20, 2016 7:00pm Apr 20, 2016 7:00pm
Inserted Video
  • #9,710
  • Apr 20, 2016 7:14pm Apr 20, 2016 7:14pm
1.2525 strong number
  • #9,711
  • Apr 20, 2016 7:33pm Apr 20, 2016 7:33pm
Hello guys, I am not that good or a pro identifying patterns and shapes. Now what I see looks like a head and shoulder pattern. what do you guys think. I really appreciate your feedback on this. Thanks in advance
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  • #9,712
  • Apr 20, 2016 10:19pm Apr 20, 2016 10:19pm
Quoting Salmas
Hello guys, I am not that good or a pro identifying patterns and shapes. Now what I see looks like a head and shoulder pattern. what do you guys think. I really appreciate your feedback on this. Thanks in advance {image}
Well the left shoulder and the Head is formed..waiting for the right shoulder..?? Maybe..
  • #9,713
  • Apr 21, 2016 2:38am Apr 21, 2016 2:38am
Next target 1.2 and then some.

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Click to Enlarge Name: USDCAD.jpg Size: 118 KB
  • #9,714
  • Apr 21, 2016 3:34am Apr 21, 2016 3:34am
Quoting Ziko9o8
https://www.youtube.com/watch?v=qzdK28lP1HY
Sad story - but just another ''law of unintended consequences'' I'm afraid.

Indeed, in late 2014 Russian President Vladimir Putin implied strongly that the oil plunge had less to do with economic factors than with political decisions. Putin openly theorized: Theres lots of talk about whats causing (the lowering of the oil price). Could it be the agreement between the U.S. and Saudi Arabia to punish Iran and affect the economies of Russia and Venezuela? It could.

http://www.mintpressnews.com/brics-a...a-part/215761/
  • #9,715
  • Apr 21, 2016 3:39am Apr 21, 2016 3:39am
Ok, after reading the Monetary Policy Report from the BoC, they believe that a slow growing in the CPI was because a low level of Oil prices, but this is expected to reverse due important government stimulus, so CPI should come back growing slowly to the 2% during the rest of 2016...
  • #9,716
  • Edited 4:48am Apr 21, 2016 3:58am | Edited 4:48am
Quoting Ares8
Ok, after reading the Monetary Policy Report from the BoC, they believe that a slow growing in the CPI was because a low level of Oil prices, but this is expected to reverse due important government stimulus, so CPI should come back growing slowly to the 2% during the rest of 2016...
So how does this impact USDCAD?!?!!
  • #9,717
  • Apr 21, 2016 6:24am Apr 21, 2016 6:24am
Quoting Barca
{quote} Well the left shoulder and the Head is formed..waiting for the right shoulder..?? Maybe..
Thanks Barca!
  • #9,718
  • Apr 21, 2016 6:53am Apr 21, 2016 6:53am
Quoting Sa7an
Next target 1.2 and then some. {image}
I think we might even see 1.1500 sooner or later.
  • #9,719
  • Apr 21, 2016 7:28am Apr 21, 2016 7:28am
Quoting dianajs
{quote} I think we might even see 1.1500 sooner or later.
Yep - I'm intrigued to know how FXT is gonna manage his way out of the hole he is in LOL
  • #9,720
  • Apr 21, 2016 7:39am Apr 21, 2016 7:39am
I'm bearish on USD/CAD until Friday, because is very possible that all CPI indexes and Retail data will be negative, meaning that USD/CAD will be higher later... Happy trading everybody!!!
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