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USD/CAD

  • #10,141
  • May 23, 2016 6:58am May 23, 2016 6:58am
#USDCAD Long @ 1.2976 trailing stop, CAD is approaching a possible Ret point.... so tighten stops
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 5-23-16.png Size: 129 KB
"W. D. Gann said that time is the most important factor among all things."
  • #10,142
  • May 23, 2016 7:23am May 23, 2016 7:23am
Quoting Sa7an
Sisse thinks lower {quote}
Sisse thinks lower
Quoting sisse
Important update for the Energies close. OIL is set to hold the $48 handle leaving a test above $50.xx naked for this month but more importantly unlocking $55.2x for the spring. For those tracking CAD for a swing, watch-out CAD crashing at the 1.32xx handle in the upcoming sessions to mark the High of this Q and year and more importantly for a super tradable sharp mid and long term swing to 1.22xx... sisse

Interesting that Opec can't set a handle on oil?
Gone to a better place
  • #10,143
  • May 23, 2016 7:40am May 23, 2016 7:40am
Quoting smikester
{quote} Sisse thinks lower Quoting sisse Important update for the Energies close. OIL is set to hold the $48 handle leaving a test above $50.xx naked for this month but more importantly unlocking $55.2x for the spring. For those tracking CAD for a swing, watch-out CAD crashing at the 1.32xx handle in the upcoming sessions to mark the High of this Q and year and more importantly for a super tradable sharp mid and long term swing to 1.22xx... sisse Interesting that Opec...
Oil prices slump as global production outages near end.

http://www.investing.com/news/commod...ear-end-403739
  • #10,144
  • May 23, 2016 8:05am May 23, 2016 8:05am
Oil futures lower as supply remains firm

http://www.investing.com/news/commod...ns-firm-403787
  • #10,145
  • May 23, 2016 8:12am May 23, 2016 8:12am
Quoting smikester
{quote} Sisse thinks lower Quoting sisse Important update for the Energies close. OIL is set to hold the $48 handle leaving a test above $50.xx naked for this month but more importantly unlocking $55.2x for the spring. For those tracking CAD for a swing, watch-out CAD crashing at the 1.32xx handle in the upcoming sessions to mark the High of this Q and year and more importantly for a super tradable sharp mid and long term swing to 1.22xx... sisse Interesting that Opec...
Yeah, I'm not sure I agree with Sisse yet.

Can't see oil going much higher so UC probly won't drop, unless something happens news-wise on Weds Thurs.

Edit - BOC mtg is Weds
  • #10,146
  • May 23, 2016 8:33am May 23, 2016 8:33am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 190 KB
  • #10,147
  • May 23, 2016 8:37am May 23, 2016 8:37am
Good move to the upside.
  • #10,148
  • May 23, 2016 9:07am May 23, 2016 9:07am
Quoting Sa7an
{quote} Yeah, I'm not sure I agree with Sisse yet. Can't see oil going much higher so UC probly won't drop, unless something happens news-wise on Weds Thurs. Edit - BOC mtg is Weds
The other thing I noticed recently (last 13 days) is Usd/Cad is trading above the 20dma and so is WTI. Not sure what this means longer term, but for the last 13 days oil has been out of the fundamentals.
Gone to a better place
  • #10,149
  • May 23, 2016 9:16am May 23, 2016 9:16am
if this level holds here´s a couple of scenarios I´m considering. Oil bouncing strongly.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #10,150
  • May 23, 2016 9:20am May 23, 2016 9:20am
on the hourly price forming a nice ascending wedge. We need a break of that pink zone to confirm
  • #10,151
  • May 23, 2016 10:32am May 23, 2016 10:32am
Quoting smikester
{quote} The other thing I noticed recently (last 13 days) is Usd/Cad is trading above the 20dma and so is WTI. Not sure what this means longer term, but for the last 13 days oil has been out of the fundamentals.
If the Fed bottles it in June things might change.
  • #10,152
  • May 23, 2016 10:55am May 23, 2016 10:55am
1.3150-3200 key now, IF broken then 1.3350-3400 possible.
F it holds then pullback to 1.2800 and lower possible (I don't think so).
but 1.30 is a key level... my point of view: we will see a higher double top this year... let's see in long term...
  • #10,153
  • May 23, 2016 12:53pm May 23, 2016 12:53pm
Quoting piratachile
1.3150-3200 key now, IF broken then 1.3350-3400 possible. F it holds then pullback to 1.2800 and lower possible (I don't think so). but 1.30 is a key level... my point of view: we will see a higher double top this year... let's see in long term...
A higher double top? Forgive me but isn't that an oxymoron?
The trader IS the holy grail.
  • #10,154
  • May 23, 2016 1:36pm May 23, 2016 1:36pm
Saudi Financial Crisis ‘Could Leave Oil at $25’ as Contractors Face Being Paid in IOUs
  • #10,155
  • May 23, 2016 2:26pm May 23, 2016 2:26pm
Quoting taru
{quote} A higher double top? Forgive me but isn't that an oxymoron?
Im sorry for my english, maybe you don't understand, but i mean in short term that USDCAD needs a correction (maybe to 1.30 or less than) to then test 1.33, no one is buying oil, is just banks trying to stabilize oil at 50.00 USD aprox. but the supply and demand be broken this price this year, I think it peaked this year, which is why I will see a double top this year. Oil could test 16.00 this Q2-Q3
Careful with OIL. (because it is being manipulated) Banks want to stabilize the oil because they do not want to see energy companies bankrupt.
  • #10,156
  • May 24, 2016 3:20am May 24, 2016 3:20am
A little short???

http://www.forexfactory.com/showthre...30#post8942530
  • #10,157
  • May 24, 2016 7:18am May 24, 2016 7:18am
Quoting Ad-Maiora
A little short??? http://www.forexfactory.com/showthre...30#post8942530
yeah perfect butterfly, crude rallying, sell stops below daily low, daily pivot and wedge BO

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #10,158
  • May 24, 2016 9:23am May 24, 2016 9:23am
Short setup is starting to develop

Attached Image
  • #10,159
  • May 24, 2016 4:33pm May 24, 2016 4:33pm
#USDCAD I cover my long on UC from 1.2976 covered @ 1.3157.... if my calculation are correct CAD could retrace now.... so I'm locking in $$$$$$ Kudos to those that were long! ​
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 5-24-16.png Size: 112 KB
"W. D. Gann said that time is the most important factor among all things."
  • #10,160
  • May 25, 2016 12:39am May 25, 2016 12:39am
Quoting GqOrlando
{quote} yeah perfect butterfly, crude rallying, sell stops below daily low, daily pivot and wedge BO {image}
hi GqOrlando
what indictors is it on the left of your chart,sth like volumes
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