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USD/CAD

  • #11,281
  • Apr 21, 2017 7:47am Apr 21, 2017 7:47am
might be a good trade to short for the day
Don't Worry Be Happy
  • #11,282
  • Apr 21, 2017 8:15am Apr 21, 2017 8:15am
Dear President. what is your perdiciton that market will go downward or upward after 3 week high rank.....
  • #11,283
  • Apr 21, 2017 8:23am Apr 21, 2017 8:23am
Quoting MrPresident
might be a good trade to short for the day
do you mean short CAD?
  • #11,284
  • Apr 21, 2017 8:26am Apr 21, 2017 8:26am
yes short cade i have a sell lot @ 1.3485
  • #11,285
  • Apr 21, 2017 8:26am Apr 21, 2017 8:26am
Quoting MrPresident
might be a good trade to short for the day
Why short a pair that's broken the Asia and London highs? And the last 4 weeks highs? I might be interested in how you reached this view. 1.35, big round number?
Gone to a better place
  • #11,286
  • Apr 21, 2017 10:31am Apr 21, 2017 10:31am
I have no intention to short the USD/CAD pair for the moment, it's clearly very bullish and I think it will reach 1.3580 eventually.
  • #11,287
  • Apr 21, 2017 11:30am Apr 21, 2017 11:30am
Quoting smikester
{quote} Why short a pair that's broken the Asia and London highs? And the last 4 weeks highs? I might be interested in how you reached this view. 1.35, big round number?
short from the recent high
Don't Worry Be Happy
  • #11,288
  • Apr 22, 2017 10:36am Apr 22, 2017 10:36am
Dianajs , you may very well be correct in seeing the USD/CAD hit 1.3580. The sudden massive spike in the USD makes me believe that the current US Government is manipulating their own currency , thus , forcing the rest of the major countries to still depend on the US GREENBACK. Not enough sound fundamental facts to push the USD to its current height. Oil has been temporarily taken out of this equation due to US production. However , I do believe there will be a massive snap back to the 1.31 area , particularly if the NFP numbers in May disappoint , accompanied by the Memorial Day Weekend effect. Trump is running on fumes these days , especially every day beyond his 100th day in Office. A situation that HE HIMSELF created !

Regards , and MANY PROFITABLE TRADES TO ALL !!!!!
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #11,289
  • Apr 23, 2017 7:36am Apr 23, 2017 7:36am
Good move week. I expect the pair to depreciate with about 80-120 pips.
  • #11,290
  • Apr 23, 2017 6:22pm Apr 23, 2017 6:22pm
The pair stays well within the range, 1.3500 could be significant resistance level and follow by 1.36.
  • #11,291
  • Apr 23, 2017 11:50pm Apr 23, 2017 11:50pm
i have noticed spinning top. And island reversal pattern on short term charts. I have short 2 lots. lets c. My USDJPY gave me 200 pips
  • #11,292
  • Apr 24, 2017 2:26am Apr 24, 2017 2:26am
This is my forecast for the week ahead on USD/CAD:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD36.png Size: 91 KB


I've made this forecast over the weekend so obviously it doesn't show the Asia session.

Basically, I'm looking for Lonnie to retrace back in consolidation. The big round number 1.3500 remains key and an early break and close above it can signal more upside.
  • #11,293
  • Apr 24, 2017 1:21pm Apr 24, 2017 1:21pm
I have nice signal sell near double top!
Stop over max
tp1 1.3480
tp2 1.3450
tp3 1.3400
Attached Image (click to enlarge)
Click to Enlarge Name: SELL CAD.png Size: 25 KB
  • #11,294
  • Apr 24, 2017 6:20pm Apr 24, 2017 6:20pm
cross roads.. 1.3820 or 1.3300

Attached Image (click to enlarge)
Click to Enlarge Name: tvc_6fe62f523d58c04cfc08a1b037e35d98.png Size: 45 KB


lets see .. 50/50
  • #11,295
  • Apr 25, 2017 11:57am Apr 25, 2017 11:57am
USD/CAD broke out above 1.3580 and it is still rallying. I think that it will eventually reach the next long-term target to the upside at 1.3800 or even 1.3900.
  • #11,296
  • Apr 25, 2017 6:15pm Apr 25, 2017 6:15pm
Dianajs , respectfully , I sure hope you are incorrect about this pair heading toward 1.38 . This pair has already surprised me to the upside , I am short this pair.

Respectfully ,

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #11,297
  • Apr 26, 2017 4:32am Apr 26, 2017 4:32am
Quoting GreenEarth
Dianajs , respectfully , I sure hope you are incorrect about this pair heading toward 1.38 . This pair has already surprised me to the upside , I am short this pair. Respectfully , GreenEarth
This is a long-term assessment, there could be some considerable retracements and pullbacks along the way.
  • #11,298
  • Apr 26, 2017 9:33am Apr 26, 2017 9:33am
USDCAD long-term bearish trend:
Quoting skyhok
A downward impulse wave c orange has been developing since January 2016 top. Now at a potential completion of correction 4 yellow with an ending diagonal c yellow. If this pair does not breach 1.3639, will see resumption of long-term down trend on wave 5 yellow towards 1.1540. {image} Correlating with bearish outlook of other xxxCAD pairs, such as EURCAD. {quote}
Elliott Wave for optimum entry, exit and risk management of trades
  • #11,299
  • Apr 26, 2017 11:16pm Apr 26, 2017 11:16pm
reverse today
  • #11,300
  • Apr 28, 2017 9:37am Apr 28, 2017 9:37am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 79 KB


Ok, just watching the close here. This pair has been on a tear, a weely close above 1.3648 should make the weak USDCAD shorts cover.

I am thinking if we close above 1.3648, I am putting in a buy order around that area, stops well below 1.3570 and targets way up in the 1.3960 area. This pair is on fire but is heavily overbought so wait for pullback to buy
Ecclesiastes 1:9
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