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USD/CAD

  • #11,141
  • Mar 9, 2017 11:00am Mar 9, 2017 11:00am
Quoting Xen626
Reversal coming now?
Why do you think there will be a reversal? So far USD/CAD is still bullish. The last local high was at 1.3597, I think it will reach that level before there's a reversal.
  • #11,142
  • Mar 9, 2017 11:29am Mar 9, 2017 11:29am
Quoting JunkyFX
Sell a little here 1.3460
Close this trade at loss. No positions into NFP.
  • #11,143
  • Mar 9, 2017 2:12pm Mar 9, 2017 2:12pm
50 period SMA and 50 period EMA , also , 100 period SMA , are now definitely in play with the price action (PA) of the USD/CAD. Friday's Non Farm Payroll (NFP) number MAY NOT even be an issue now that traders have questioned the validity of Wednesday's ADP Employment numbers. In addition , the March Rate Hike is now FULLY priced in to the markets , thus , NO HIKE will send the USD/CAD downward very quickly. A severely disappointing NFP number could easily put the rate hike in jeopardy. Today's retreat from 1.3535 has now put a red candle on the 8 hour chart as of 4pm AST.
"Define the risk OUT of your trade"--Mark Douglas
  • #11,144
  • Mar 9, 2017 5:25pm Mar 9, 2017 5:25pm
For me price is in no mans land right now, I personally wouldn't buy or short here. People are always trying to pick the "top", and its not very easy to do that. We are at the highest price of 2017 so far and the candles still look bullish to me. There is no reason price can't hit 1.36 and could even go higher.

I will repeat trend is your friend......
  • #11,145
  • Mar 10, 2017 2:40am Mar 10, 2017 2:40am
Quoting uszatek
Hello everybody Do I understand right? We are expecting the drop of USDCAD, and as he's growing for now on, we are collecting S on each smaller top? Is it safe strategy?
No.
Gone to a better place
  • #11,146
  • Mar 10, 2017 6:56am Mar 10, 2017 6:56am
Good move to the upside this week. I'm waiting to sell around 1.3650.
  • #11,147
  • Mar 10, 2017 7:21am Mar 10, 2017 7:21am
For some reason, I have a feeling that the NFP is going to suck, or the average weekly hours.. which is going to push usd/cad lower today. IDK is just a feeling.. My chart shows the need to a pullback and only today NFP will do it.
Attached Image (click to enlarge)
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  • #11,148
  • Mar 10, 2017 7:33am Mar 10, 2017 7:33am
Quoting caillo
For some reason, I have a feeling that the NFP is going to suck, or the average weekly hours.. which is going to push usd/cad lower today. IDK is just a feeling.. My chart shows the need to a pullback and only today NFP will do it. {image}
My money is on a pullback, if not past 36ish level----- 38----- and then, perhaps, to the stars.....
don't get in love with pairs ... up or down is the same pip value
  • #11,149
  • Mar 10, 2017 8:06am Mar 10, 2017 8:06am
Shall I hold this ?
Attached Image (click to enlarge)
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  • #11,150
  • Mar 10, 2017 8:29am Mar 10, 2017 8:29am
went short on this
You came here for the truth and let me unveil it for you
  • #11,151
  • Mar 10, 2017 9:10am Mar 10, 2017 9:10am
1.01 BILLION DOLLARS worth of options set to expire TODAY at 1.3500 !!! Very important news !!

Regards,
"Define the risk OUT of your trade"--Mark Douglas
  • #11,152
  • Mar 10, 2017 9:15am Mar 10, 2017 9:15am
I managed to get out with about 500$ profit from above deal.
  • #11,153
  • Mar 10, 2017 9:56am Mar 10, 2017 9:56am
One more short from here
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0328.PNG Size: 472 KB
  • #11,154
  • Mar 10, 2017 11:12am Mar 10, 2017 11:12am
I opened a long position after the initial drop after the NFP data came out. My target was at 1.3460, I don't think I will open other positions before the market closes this week.
  • #11,155
  • Mar 10, 2017 11:49am Mar 10, 2017 11:49am
Quoting Expo33
{quote} Yup, Oil breaks 38FIB takes a nose dive down below 49. UCAD spikes to 135.32. Loading more shorts here
This is going got get even better if and when oil recovers
Pride always comes before destruction.... -Proverbs 16:18
  • #11,156
  • Mar 12, 2017 7:50am Mar 12, 2017 7:50am
Next Target for USDCAD to be 1.3590 atleast.. It is in the up trend...
Markets are Irrational
  • #11,157
  • Mar 12, 2017 7:59pm Mar 12, 2017 7:59pm
Quoting ArslanHyder
Next Target for USDCAD to be 1.3590 atleast.. It is in the up trend...
very well could be, the question im asking myself is, do i think this pair will continue to push higher into and after the rate hike?,
answer: I do
action : open long USD/CAD
Trade like a sniper not a machine gun
  • #11,158
  • Mar 12, 2017 8:11pm Mar 12, 2017 8:11pm
Quoting Iglootrader
{quote} very well could be, the question im asking myself is, do i think this pair will continue to push higher into and after the rate hike?, answer: I do action : open long USD/CAD
I am on the train as well.
  • #11,159
  • Mar 12, 2017 10:04pm Mar 12, 2017 10:04pm
It looks like a reversal in the asian time, Will it be??
  • #11,160
  • Mar 13, 2017 4:52am Mar 13, 2017 4:52am
Quoting sergo
One more short from here {image}
i got exactly same shorts..
Targeting 1.3290-1.3350 area
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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