Attachments: USD/CAD

USD/CAD

#9,761
Apr 26, 2016 10:28pm Apr 26, 2016 10:28pm

formosa
| Membership Revoked | Joined Apr 2016 | 8 Posts

1.18-1.19 oil leading the charge likely 52-55 summer until aug, dollar strongest near elections sept to dec into mid feb 2017

#9,762
Apr 27, 2016 3:57am Apr 27, 2016 3:57am

zodiak
| Joined Jun 2008 | Status: Trader | 164 Posts

Long 2580 SL 30..exhausted.

#9,763
Apr 27, 2016 4:53am Apr 27, 2016 4:53am

tunera
| Commercial User | Joined Sep 2005 | 2,784 Posts

well we have to acknowledge that usdcad is taking the newton "law of inertia" very seriously..

unfortunately, the market is not a place where objects respond to these kind of laws, so all i can think is how the market is getting more and more oversold day after day.

i want my short-squeeze soon!
and i want it all!!!!

give me a squeeze babe, please squeeze the shorts!

#9,764
Edited 9:41am Apr 27, 2016 5:16am | Edited 9:41am

KzX
Joined Jan 2015 | Status: Trader | 1,645 Posts

Divergence on H4 on MACD and RSI, on D too, Weekly is basically overS like GJ few days ago.
Brent is in a good place for completing Wave 5. We're close to decision zone 2550 mentioned earlier.
Level at the time of posting: 1.2580.

#9,765
Apr 27, 2016 5:21am Apr 27, 2016 5:21am

ahmedfouad77
| Joined Dec 2008 | Status: Trader | 107 Posts

Today is the Take Off...Please fasten well your seat belts..!!

#9,766
Apr 27, 2016 7:04am Apr 27, 2016 7:04am

JunkyFX
| Joined Oct 2014 | Status: Trader | 170 Posts

Quoting JunkyFX

Disliked

{quote} Trying here at 12650, might take a few stop outs to get right with bears capitulating across markets.

Ignored

Got taken out overnight at last week low. Can't say I didn't try, held it for a week but we all gotta follow some kind of rules. Good sign for longs.

Should be some action one way or the other, or both next couple days.

#9,767
Apr 27, 2016 8:07am Apr 27, 2016 8:07am

dianajs
| Joined Dec 2015 | Status: Trader | 868 Posts

The pair broke below 1.2600 so I think there's still a chance to reach 1.2500 soon, but with the FOMC statement later today I am not ready to open shorts at the moment.

#9,768
Apr 27, 2016 9:35am Apr 27, 2016 9:35am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,087 Posts

Quoting tunera

Disliked

well we have to acknowledge that usdcad is taking the newton "law of inertia" very seriously.. unfortunately, the market is not a place where objects respond to these kind of laws, so all i can think is how the market is getting more and more oversold day after day. i want my short-squeeze soon! and i want it all!!!! give me a squeeze babe, please squeeze the shorts!

Ignored

Its coming soon to a theatres near you

#9,769
Apr 27, 2016 9:44am Apr 27, 2016 9:44am

KzX
Joined Jan 2015 | Status: Trader | 1,645 Posts

Quoting KzX

Disliked

Divergence on H4 on MACD and RSI, on D too, Weekly is basically overS like GJ few days ago. Brent is in a good place for completing Wave 5. We're close to decision zone 2550 mentioned earlier. Level at the time of posting: 1.2580.

Ignored

First pop on UC and fart on oil. Your welcome

#9,770
Apr 27, 2016 10:01am Apr 27, 2016 10:01am

moto28
| Joined Jul 2009 | Status: Trader | 83 Posts

8 hours chart.... it's now

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#9,771
Apr 27, 2016 11:16am Apr 27, 2016 11:16am

Fxworld
| Joined May 2012 | Status: Trader | 111 Posts

I just went long usdcad at 1.2630. The price doesn't like much 1.26. Wish you many pips!

#9,772
Apr 27, 2016 6:39pm Apr 27, 2016 6:39pm

trademark
| Joined Sep 2015 | Status: Trader | 438 Posts

How low may the USDCAD fall? It seems that the bottom is not near, until oil keeps rallying.

#9,773
Apr 27, 2016 9:01pm Apr 27, 2016 9:01pm

Iglootrader
| Joined Nov 2015 | Status: Trader | 71 Posts

I'm not an expert by any stretch, but going long is not going to be on my agenda for quite some time. if we look at this chart on the daily, what technicals are that strong that you believe this multi week drop is going to just "end" here? not saying we couldn't see a turn-around, or a nice rally up. It just seems much more Probable that this trend will continue, given that the fundies nor technicals truly support a long position, ( at least not if you plan on holding for a few days)

Trade like a sniper not a machine gun

#9,774
Apr 28, 2016 10:22am Apr 28, 2016 10:22am

bladerogers
| Joined Apr 2015 | Status: Trader | 201 Posts

We are now sitting in a major resistance zone and I would tend to agree that we are oversold atm (though I do believe 1.25 is about right for CAD right now). I am now watching for signs of reversal here and oil. Until I see obvious signs though, I'd agree that taking a long position is a bad idea...but soon...I THINK.

#9,775
Apr 28, 2016 11:51am Apr 28, 2016 11:51am