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USD/CAD

  • #10,401
  • Jul 29, 2016 11:38am Jul 29, 2016 11:38am
What do you think??
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  • #10,402
  • Aug 1, 2016 12:30am Aug 1, 2016 12:30am
The USDCAD bounces from the 55 day EMA trying to reach the 1.3100 level.
  • #10,403
  • Aug 1, 2016 9:41am Aug 1, 2016 9:41am
It has almost reached it. If it breaks above it and continues rising next target is likely 1.3220.
  • #10,404
  • Aug 1, 2016 10:21am Aug 1, 2016 10:21am
Possibility of a role flip off the monthly pivot (MP). Price has tested the MP, an area in confluence with a S/R zone on the 4H time frame, and has pushed to the upside.

KP
Do your homework, follow the footprints of smart money
  • #10,405
  • Aug 2, 2016 9:52am Aug 2, 2016 9:52am
The pair rebounded from 1.3140, but the drop once again ended at 1.3000 and it appears that the pair has formed a double bottom there. I expect a new move to the upside.
  • #10,406
  • Aug 2, 2016 10:22am Aug 2, 2016 10:22am
Quoting dianajs
The pair rebounded from 1.3140, but the drop once again ended at 1.3000 and it appears that the pair has formed a double bottom there. I expect a new move to the upside.
How far to the upside
TE started 6/4/19
  • #10,407
  • Aug 3, 2016 9:57am Aug 3, 2016 9:57am
Quoting Marz30
{quote} How far to the upside
I expected it would reach 1.3160 - 1.3180, but it rebounded from 1.3150. More importantly, it formed a hanging man candlestick on the daily tile frame below the same resistance level. I think next target is 1.3000 again, especially if it breaks below 1.3080.
  • #10,408
  • Aug 3, 2016 10:01am Aug 3, 2016 10:01am
Long term view for USD/CAD :

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Money moves the market, not an indicator.
  • #10,409
  • Aug 3, 2016 7:33pm Aug 3, 2016 7:33pm
IMO there is too much manipulation in the oil futures market to know the direction and CAD has a positive correlation most of the time. Oil started selling off to start the off the month and was supposedly in a 'bear market' only to rally 4% in todays US session even after an inventory build. That literally makes no sense at all and is up another 1.5% in the asia session intraday with no news all of this to push stocks higher by the FED and its minion banks.
TE started 6/4/19
  • #10,410
  • Aug 3, 2016 7:58pm Aug 3, 2016 7:58pm
Quoting Marz30
IMO there is too much manipulation in the oil futures market to know the direction and CAD has a positive correlation most of the time. Oil started selling off to start the off the month and was supposedly in a 'bear market' only to rally 4% in todays US session even after an inventory build. That literally makes no sense at all and is up another 1.5% in the asia session intraday with no news all of this to push stocks higher by the FED and its minion banks.
Hi Marz
Oil is exchanged based on USD when USD weakens oil goes higher and opposite true.This is an additional factor other then supply and demand.
regards
In trading, you have to be defensive and aggressive at the same time
  • #10,411
  • Aug 3, 2016 8:44pm Aug 3, 2016 8:44pm
Quoting Davit
{quote} Hi Marz Oil is exchanged based on USD when USD weakens oil goes higher and opposite true.This is an additional factor other then supply and demand. regards
Agree with you here but this doesn't happen all the time. Dollar was strong today and oil rallied, dollar was weak to start the week and oil sold off. This manipulation is documented every day it happens on Zerohedge whether the FED ramps the markets through the USD/JPY or oil futures depending on which correlates with the S&P so its subject to change lol this is such a shit show.
TE started 6/4/19
  • #10,412
  • Aug 3, 2016 8:53pm Aug 3, 2016 8:53pm
Quoting Marz30
{quote} Agree with you here but this doesn't happen all the time. Dollar was strong today and oil rallied, dollar was weak to start the week and oil sold off. This manipulation is documented every day it happens on Zerohedge whether the FED ramps the markets through the USD/JPY or oil futures depending on which correlates with the S&P so its subject to change lol this is such a shit show.
I find more "manipulation" (could be scared money going to high yielding currencies) on Aussie to be honest.Every recent data is red and even after rate cut still pushing north.This should be at 73 minimum.
Still time until the end of August
Agree oil swings are erratic.
AC for example is at delirious levels should dive at least 300 pips south.
In trading, you have to be defensive and aggressive at the same time
  • #10,413
  • Aug 4, 2016 4:06am Aug 4, 2016 4:06am
USD/CAD tested 1.3030, but it formed a hammer and an inverted hammer candlestick above that level on the four-hour time frame. I think that may have been the end of the current move to the downside.
  • #10,414
  • Edited Aug 6, 2016 4:03am Aug 5, 2016 9:25am | Edited Aug 6, 2016 4:03am
- Not as usual, this thread is sleeping during this interesting moment.

- Anyway, looking for 1.34 to close some.
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  • #10,415
  • Aug 5, 2016 4:11pm Aug 5, 2016 4:11pm
Why USD/CAD is set to soar!

good read here: http://www.forexmademillionaire.com/usdcad-will-soar/
check out my blog: forexmademillionaire dot com
  • #10,416
  • Aug 5, 2016 4:23pm Aug 5, 2016 4:23pm
Quoting Geppy
Why USD/CAD is set to soar! good read here: http://www.forexmademillionaire.com/usdcad-will-soar/
i'm with you on this trade geppy, only wish i got in yesterday at 1.3000
  • #10,417
  • Aug 5, 2016 5:36pm Aug 5, 2016 5:36pm
Quoting mamalujo
{quote} i'm with you on this trade geppy, only wish i got in yesterday at 1.3000
check out my blog: forexmademillionaire dot com
  • #10,418
  • Aug 6, 2016 7:48am Aug 6, 2016 7:48am
Neutral at this point.
  • #10,419
  • Aug 6, 2016 5:17pm Aug 6, 2016 5:17pm
This is what I've come to conclude....can anyone tell me why this is incorrect, IF it is???
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  • #10,420
  • Edited 1:51am Aug 7, 2016 12:34am | Edited 1:51am
Quoting pipsnatchin
This is what I've come to conclude....can anyone tell me why this is incorrect, IF it is??? {image}
And how do you expect someone to know with any real degree of certainty? It's a possibility, just like any other. indicators on higher time frames tell me it's unlikely to play out that way, but again, that is simply my own perception of technicals. There are no crystal balls here, even though some may seem to think they are the next best thing. Good luck.
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