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USD/CAD

  • #10,101
  • May 12, 2016 10:55am May 12, 2016 10:55am
You should be focusing on trading, not judging others.
  • #10,102
  • May 12, 2016 11:08am May 12, 2016 11:08am
Quoting Freelve
looks like a bounce again? {image}
Pair can't broke 1.28 - 1.276 38.2% and strong R .... lets see 1.33 (reversal 38.2%) time to sell commoditie currencies...

i guess....
  • #10,103
  • May 12, 2016 11:19am May 12, 2016 11:19am
Quoting piratachile
{quote} Pair can't broke 1.28 - 1.276 38.2% and strong R .... lets see 1.33 (reversal 38.2%) time to sell commoditie currencies... i guess....

USd is getting weak.Unemployment increasing and job creation decreasing.No way under this conditions Feds raise in June.Not this year with election looming...
If anything I am holding my shorts to 125 then 1.20
There are no fundemetal drives for UC to get to 1.30 and above.If there is let me know.
Just a tip guys its not always in the charts.Read some fundamentals.
In trading, you have to be defensive and aggressive at the same time
  • #10,104
  • May 12, 2016 11:44am May 12, 2016 11:44am
This could be the 'black swan' for the economy
worth reading
In trading, you have to be defensive and aggressive at the same time
  • #10,105
  • May 12, 2016 9:41pm May 12, 2016 9:41pm
Quoting Davit
{quote} USd is getting weak.Unemployment increasing and job creation decreasing.No way under this conditions Feds raise in June.Not this year with election looming... If anything I am holding my shorts to 125 then 1.20 There are no fundemetal drives for UC to get to 1.30 and above.If there is let me know. Just a tip guys its not always in the charts.Read some fundamentals.
Well Said Mate.
When the going gets tough , the tough get going
  • #10,106
  • May 13, 2016 12:41am May 13, 2016 12:41am
USD actually found decent support @ bottom of 2 year range on weekly, so not so sure about the weakness. UCAD definately will have a hard time pushing above 3000 though.
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  • #10,107
  • May 13, 2016 9:11am May 13, 2016 9:11am
Quoting asgcorp
USD actually found decent support @ bottom of 2 year range on weekly, so not so sure about the weakness. UCAD definately will have a hard time pushing above 3000 though. {image}
Usd Cad is up 300+ from the USD index lows
TE started 6/4/19
  • #10,108
  • May 13, 2016 10:01am May 13, 2016 10:01am
Rahul.... no worries you are still in profit
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Drawdown is more important than Account Size !
  • #10,109
  • May 13, 2016 10:07am May 13, 2016 10:07am
Quoting procrude
Rahul.... no worries you are still in profit {image}
Where is Rahul, i can't see him since few days ago
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #10,110
  • May 13, 2016 10:22am May 13, 2016 10:22am
Quoting L1ndgren
You should be focusing on trading, not judging others.
+1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,111
  • May 13, 2016 1:50pm May 13, 2016 1:50pm
Nice daily pin bar and engulfin bar... ready to test 1.30 next week,

"After falling for 3 straight days, USD/CAD finally rebounded against the U.S. dollar. Oil prices struggled to extend its gains today as investors realize that the IEA’s forecasts for supply and demand changes nothing about the underlying issues with supply and demand. Given the recent trend of global economic data, we are not sure if this forecast is accurate particularly since Iran will continue to flood the market with supply and early this week Saudi Arabia said they plan to increase production. Meanwhile the supply disruptions caused by the wildfires in Canada and attacks in Nigeria are expected to short-lived. Oil is headed lower and USD/CAD is headed higher with the commodity likely to drive the currency in the first half of next week. It won’t be until Friday that Canadian dollar traders turn their focus to the economy with retail sales and consumer prices scheduled for release. Spending is expected to fall sharply and inflation is expected to slow – 2 factors that would confirm our positive outlook for USD/CAD".

Then IF that SUP holds and it breaks this 1.3000-3020..... then: 1.3200-3240 and even 1.3300-3340 possible.

Happy weekend!
  • #10,112
  • May 13, 2016 4:27pm May 13, 2016 4:27pm
Quoting piratachile
Nice daily pin bar and engulfin bar... ready to test 1.30 next week, "After falling for 3 straight days, USD/CAD finally rebounded against the U.S. dollar. Oil prices struggled to extend its gains today as investors realize that the IEAs forecasts for supply and demand changes nothing about the underlying issues with supply and demand. Given the recent trend of global economic data, we are not sure if this forecast is accurate particularly since Iran will continue to flood the market with supply and early this week Saudi Arabia said they plan to...
"Oil is headed lower and USD/CAD is headed higher with the commodity likely to drive the currency".......ACTUALLY oil closed on Highest daily and weekly since November 2015. Weekly close was a bullish pin bar.
  • #10,113
  • May 13, 2016 5:43pm May 13, 2016 5:43pm
http://www.zerohedge.com/news/2016-0...archers-missed
  • #10,114
  • May 14, 2016 1:02am May 14, 2016 1:02am
Next week will start with very bad economic figures from China issued this morning.
  • #10,115
  • May 15, 2016 7:02pm May 15, 2016 7:02pm
Quoting piratachile
http://www.zerohedge.com/news/2016-0...archers-missed

Interesting piratachile, but it's more relevent to the longer term and hypothetical. Today oil is going higher, above last week's close, and likely to stretch. I'm short USD/CAD
  • #10,116
  • May 17, 2016 4:25am May 17, 2016 4:25am
I am noting what is happening to all commodity currencies and looking at this H4 chart in conjunction with news which is up in 1+ hours. Another trading opportunity is tomorrow's Crude Oil Inventories and FOMC. I have also noticed the decoupling of this pair from the oil price, somewhat.

It's clear that the above quoted zerohedge article has some creedence (thanks piratachile) unlike their usual headline grabbing hyperbole. This time it is a copy of quite a scholarly article. I have been long this pair for some time now because it's obvious that with plentiful oil supplies at various expenses of extraction the oil price is going to stabilize, at least temporarily - at what figure I do not know - but l am guessing the effect would decouple this pair from being overly influenced.

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Gone to a better place
  • #10,117
  • May 17, 2016 4:45am May 17, 2016 4:45am
The pair has decoupled from the oil prices.Canadian economy is not in a good shape and a rate cut is likely.On the other front,Us economy is gaining momentum.As a result,this pair has a long way,but only to the upside !
  • #10,118
  • May 17, 2016 5:07am May 17, 2016 5:07am
Looks like bad CAD news later.

I am having my Buy Stops for EURCAD
  • #10,119
  • May 17, 2016 6:28am May 17, 2016 6:28am
Quoting acit
Looks like bad CAD news later. I am having my Buy Stops for EURCAD
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Bad news for CAD = Bingo
EurCad trade long - Bingo

  • #10,120
  • May 17, 2016 7:15am May 17, 2016 7:15am
I'm long from 1.26, it's consolidating now.
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