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USD/CAD

  • #11,261
  • Apr 7, 2017 11:22am Apr 7, 2017 11:22am
USD/CAD had a good week this week. The pair is now trading at 1.3391 and looks prone to continue to the upside.
  • #11,262
  • Apr 9, 2017 8:03am Apr 9, 2017 8:03am
Quoting arigoldman
USD/CAD had a good week this week. The pair is now trading at 1.3391 and looks prone to continue to the upside.
its closed at 1.3404, sideways to downside likely
Scoobi doobi doo
  • #11,263
  • Apr 10, 2017 6:48am Apr 10, 2017 6:48am
Hello guys! Here is my Daily levels commentary for 10.4.2017 video!
Our winning streak doesn't end! - 12 winning trades in a row now (all trades are recorded and commented on HERE if you want to have a look)! I hope you took some trades from the videos I published here.
Enjoy!
Inserted Video
  • #11,264
  • Apr 10, 2017 9:13am Apr 10, 2017 9:13am
Oil is very likely headed to $54-$55 per barrel leading up to the MEMORIAL DAY WEEKEND which is the last weekend in May.

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #11,265
  • Apr 10, 2017 10:51am Apr 10, 2017 10:51am
Quoting Scoobidoobi
{quote} its closed at 1.3404, sideways to downside likely
It's back to testing the support at 1.3345, I think it will break out below that level and continue falling to 1.3300 at least.
  • #11,266
  • Edited 11:30am Apr 10, 2017 11:09am | Edited 11:30am
Quoting dianajs
{quote} It's back to testing the support at 1.3345, I think it will break out below that level and continue falling to 1.3300 at least.
It could fall further due to the oil price. But the fall in USD/CAD is more due to speculators and not economic fundamentals. I don't see anything positive coming out of Canada to benefit the CAD.
Don't Worry Be Happy
  • #11,267
  • Apr 10, 2017 12:38pm Apr 10, 2017 12:38pm
The Forex market's dominant ruler is the speculators , not fundamentals. I learned this adage the "hard way" , many years ago. Memorial Day Weekend in the USA with it's direct connection to gasoline consumption , will be the continued seasonal driver of WTI price , thus , a stronger Canadian Dollar. I live in Canada , seen it many times. On another note , it would be a complete shock to the USD/CAD if POLOZ raised rates this week. IF IT DID OCCUR , I could see the Loonie hit 131.00 very , very fast. Our economy is doing much better now that oil has been above $30.00/barrel.
"Define the risk OUT of your trade"--Mark Douglas
  • #11,268
  • Apr 11, 2017 3:59am Apr 11, 2017 3:59am
Hello guys,
here is today's Daily levels commentary video I just made. I hope you like it. Happy trading!
Inserted Video
  • #11,269
  • Edited 7:59am Apr 11, 2017 7:47am | Edited 7:59am
If USOIL stalls at $55, then a long USD/CAD position might be good. Trump starts talking about WW3 on twitter and the oil moves up.
Don't Worry Be Happy
  • #11,270
  • Apr 12, 2017 3:03am Apr 12, 2017 3:03am
Hello guys,
I have just made new Daily levels commentary video. I hope you like it and find it useful.
I recommend everybody interested in Market Profile to watch it too. I think it can serve as a little educational material for you. Enjoy!
Inserted Video
  • #11,271
  • Apr 12, 2017 9:39am Apr 12, 2017 9:39am
Quoting MrPresident
If USOIL stalls at $55, then a long USD/CAD position might be good. Trump starts talking about WW3 on twitter and the oil moves up.
Oil is still going up and USD/CAD has not yet hit a bottom. Nothing positive from the BOC either.
Don't Worry Be Happy
  • #11,272
  • Apr 13, 2017 7:05am Apr 13, 2017 7:05am
Quoting MrPresident
{quote} Oil is still going up and USD/CAD has not yet hit a bottom. Nothing positive from the BOC either.
USD/CAD will reach at least 1.3100, I think. I shorted after it broke out below 1.3300.
  • #11,273
  • Apr 14, 2017 3:38am Apr 14, 2017 3:38am
USD/CAD found support at 1.3224 and is now trading a bit higher at 1.3317. We might see the pair consolidate ahead of today's US data.
  • #11,274
  • Apr 17, 2017 7:07am Apr 17, 2017 7:07am
USDCAD D1TF there's a 100% retracement on the 3rd leg changed into a side way move.

What will it become?

Support @ 1.3290

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 30 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #11,275
  • Apr 17, 2017 10:10am Apr 17, 2017 10:10am
Quoting yousername
USDCAD D1TF there's a 100% retracement on the 3rd leg changed into a side way move. What will it become? Support @ 1.3290 {image}
Based on your theory.... The next wave should be up. However, look at all the pips which we should be willing to give up to the downside.
  • #11,276
  • Apr 18, 2017 6:39pm Apr 18, 2017 6:39pm
USD/CAD about to go down?
instagram: stepbystepforex
  • #11,277
  • Apr 19, 2017 8:42am Apr 19, 2017 8:42am
USD/CAD might go down if oil goes up towards 54

i think that it is a good buy if oil stalls
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 75 KB
Don't Worry Be Happy
  • #11,278
  • Apr 20, 2017 1:54am Apr 20, 2017 1:54am
dollar is going donward that's why USD/CAD will go down and also oil is going to upward it confirms that it will go to down ward.
  • #11,279
  • Apr 20, 2017 7:26am Apr 20, 2017 7:26am
USD/CAD might reverse on 1.35 if oil goes back up
Don't Worry Be Happy
  • #11,280
  • Apr 20, 2017 12:01pm Apr 20, 2017 12:01pm
Quoting MrPresident
USD/CAD might reverse on 1.35 if oil goes back up
So far there is no indication it will reverse. I think it will climb to 1.3540 - 1.3580 next.
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