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USD/CAD

  • #9,801
  • May 1, 2016 7:28am May 1, 2016 7:28am
Hey traders,

UsdCad ready to go long... imo
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I just don't post analysis I trade it .
  • #9,802
  • May 1, 2016 10:13am May 1, 2016 10:13am
FXTyrant shoulda hedged LOL

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  • #9,803
  • May 1, 2016 3:22pm May 1, 2016 3:22pm
Quoting Sa7an
FXTyrant shoulda hedged LOL {image}
Haha, what's your take on this week? Think a correction will happen? Or another week of lower lows
Trade like a sniper not a machine gun
  • #9,804
  • May 1, 2016 3:54pm May 1, 2016 3:54pm
Quoting Iglootrader
{quote} Haha, what's your take on this week? Think a correction will happen? Or another week of lower lows
spinning top on crude daily at resistance and havng broke outside daily bollinger tells me great likelihood for at least short term reversal on oil, should show up in cad.
  • #9,805
  • May 1, 2016 11:56pm May 1, 2016 11:56pm
Looks like the USDCAD has entered a consolidation phase, but the bearish trend is still in place and may try to break below the 1.2500 level.
  • #9,806
  • May 2, 2016 2:19am May 2, 2016 2:19am
Quoting Iglootrader
{quote} Haha, what's your take on this week? Think a correction will happen? Or another week of lower lows
Agreed and its NFP and Cad unemployment numbers this week so it'll be quiet til Fri.

The Fed will probly try and talk up the dollar(or maybe not) but 1.25 and 1.2 are key - if they break there is no real support til parity.
  • #9,807
  • May 2, 2016 2:41am May 2, 2016 2:41am
USDCAD hit 25 EMA on monthly. Should make a nice 200-300 pip retracement now to the upside.
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  • #9,808
  • May 2, 2016 8:15am May 2, 2016 8:15am
I am not so sure about that. I think it will continue falling at least until it reaches 1.2500 again, or even 1.2450 before it begins a retracement.
  • #9,809
  • May 2, 2016 9:34am May 2, 2016 9:34am
hi everyone....

Head and shoulders in formation on low of bearish channel on 15min chart.....
i'm in long @1.2547 SL 1.2507 TP1 1.26
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  • #9,810
  • May 2, 2016 2:50pm May 2, 2016 2:50pm
Seems like we're kinda in limbo today. No too Much movement, I'll be on the sidelines until we see some decisive movement
Trade like a sniper not a machine gun
  • #9,811
  • May 2, 2016 9:03pm May 2, 2016 9:03pm
the trends shows clearly below 1.20 and some analyst predict there are songs of USD is going to crash sooner or later. In fact with election and economic of US is clearly seen going down from this month, it is very possible to Ho 1.20 and below. It's just a matter of time. Economy of US will go down along with the country in the following years.
  • #9,812
  • May 3, 2016 2:09am May 3, 2016 2:09am
Ok - 1.25 has gone 1.2 next.

But I'm confused - FXT's dd is now 60% and getting bigger by the day but aprt from putting everyone on ignore he seems to have gone into hibernation.

He professes to manage ppls accounts with millions - what the hell is he playing at???
  • #9,813
  • May 3, 2016 2:51am May 3, 2016 2:51am
Quoting Sa7an
Ok - 1.25 has gone 1.2 next. But I'm confused - FXT's dd is now 60% and getting bigger by the day but aprt from putting everyone on ignore he seems to have gone into hibernation. He professes to manage ppls accounts with millions - what the hell is he playing at???
1.25 - 1.28 is value area on high TF, the move we're seeing right now is just exhaustion on lower TF aka. Daily and lower. TA wise its going to turn up to 1.44 (open Monthly chart to see bigger move) 1.2 wont come so easily
  • #9,814
  • May 3, 2016 3:04am May 3, 2016 3:04am
Quoting TuTang
{quote} 1.25 - 1.28 is value area on high TF, the move we're seeing right now is just exhaustion on lower TF aka. Daily and lower. TA wise its going to turn up to 1.44 (open Monthly chart to see bigger move) 1.2 wont come so easily
I didn't say it would go in a straight line and I have been expecting a pull back for some time but FA and TA are(IMHO) both in agreement and I can't see anything changing anytime soon - I am also looking at the higher tf and the chart below(posted a few days ago is what I see.

Why do you think it will bounce to 1.44 - be interested in how you are reading the charts.

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  • #9,815
  • May 3, 2016 5:04am May 3, 2016 5:04am
Quoting Sa7an
{quote} I didn't say it would go in a straight line and I have been expecting a pull back for some time but FA and TA are(IMHO) both in agreement and I can't see anything changing anytime soon - I am also looking at the higher tf and the chart below(posted a few days ago is what I see. Why do you think it will bounce to 1.44 - be interested in how you are reading the charts. {image}
Sorry for the mistake, Not 1.44 in particular but the value area from 1.37 to 1.42. I'm expecting strong rebounce on M Chart from 1.25-1.28 til 1.37-1.42 just place simple S/R line on M chart or W chart u'll see it.
The reason? Oil is not going to recover anytime soon, It is expected to be oversupplies in 1 or 2 years ahead. just my thoughts on it
Its the M and W chart i'm talking about here, the move could take few weeks to develop though but i'm not expecting 1.2 this year. unless theres a huge fundamental change to oil in the next OPEC
  • #9,816
  • May 3, 2016 5:05am May 3, 2016 5:05am
Counter trend trade but if at daily close there is pin bar will buy for +100 pips. Good luck!
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  • #9,817
  • May 3, 2016 6:51am May 3, 2016 6:51am
Quoting TuTang
{quote} Sorry for the mistake, Not 1.44 in particular but the value area from 1.37 to 1.42. I'm expecting strong rebounce on M Chart from 1.25-1.28 til 1.37-1.42 just place simple S/R line on M chart or W chart u'll see it. The reason? Oil is not going to recover anytime soon, It is expected to be oversupplies in 1 or 2 years ahead. just my thoughts on it Its the M and W chart i'm talking about here, the move could take few weeks to develop though but i'm not expecting 1.2 this year. unless theres a huge fundamental change to oil in the next...
I'm beginning to think you might be right "% is key a daily close above here and maybe.....
  • #9,818
  • May 3, 2016 8:18am May 3, 2016 8:18am
Quoting Borowikbo
USDCAD hit 25 EMA on monthly. Should make a nice 200-300 pip retracement now to the upside. {image}
Chart update. Monthly technicals are starting to kick in. Target for this month is 1.2940.
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  • #9,819
  • May 3, 2016 9:59am May 3, 2016 9:59am
We're going below 1.20 this month.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #9,820
  • May 3, 2016 10:03am May 3, 2016 10:03am
Quoting Sa7an
{quote} I'm beginning to think you might be right "% is key a daily close above here and maybe.....
Like i said 1.25-1.28 is value area, we wil see lots of reaction (short squeeze, chops) in here, it wont get to 1.2 so easily, 1.246 was clearly an overshoot and exhaustion of the last mid - term leg. That mid-term leg is now completed we are seeing short squeeze first then chops. I dont know what comes after that bur fundamentally, nothing has changed in oil. With The Saudis in full control and coming Aramco IPO and some already saw a post - oil era.
So fundi wise 'they' are going to aim for the top again aka 1.37-1.42 value area.

This is just my mere prediction, I've just started trading mid term so this could be wrong
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