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USD/CAD

  • #11,341
  • May 5, 2017 9:29am May 5, 2017 9:29am
Quoting Sedate
1.40 lol
Some people say the wrong things on here on purpose I just don't know what they gain from it
  • #11,342
  • May 5, 2017 9:30am May 5, 2017 9:30am
Quoting eCOBB22
{quote} Some people say the wrong things on here on purpose I just don't know what they gain from it
i said that it would reverse if you haven't read what i wrote

i also said that 1.40 is my target because i buy the dips
Don't Worry Be Happy
  • #11,343
  • May 5, 2017 9:33am May 5, 2017 9:33am
Quoting MrPresident
{quote} i said that it would reverse if you haven't read what i wrote i also said that 1.40 is my target because i buy the dips
Good luck
  • #11,344
  • May 5, 2017 9:35am May 5, 2017 9:35am
Quoting MrPresident
{quote} yea, whats wrong with that target? what is your estimate for the near future?
Glad that you asked.

Overall I see a bearish monthly candle.
To the long side maybe you may get to the 1.385 level max. Just maybe. Otherwise 1.34 seems more likely than 1.4

I hope you stay green!
  • #11,345
  • May 5, 2017 2:31pm May 5, 2017 2:31pm
What a move today !!!

Hope that today was great for everyone !!

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #11,346
  • May 5, 2017 3:19pm May 5, 2017 3:19pm
Quoting eCOBB22
Anyone think the usd / cad trend will change to sell next week?

It will fall immediately after the NFP. You already knew that, though, didn't you. Not luck at all!
Gone to a better place
  • #11,347
  • May 5, 2017 3:20pm May 5, 2017 3:20pm
Quoting GreenEarth
What a move today !!! Hope that today was great for everyone !! GE
Glad you liked it. I'll be buying next week at a better price.
Gone to a better place
  • #11,348
  • May 5, 2017 3:25pm May 5, 2017 3:25pm
Quoting GreenEarth
eCOBB22 , patience. Have been caught in many overbought conditions over the years. Hard learned lessons. I feel your pain , but , oil and USD/CAD price action this week is supporting a move even higher. I posted that we would be at 131.00 on this pair due to Memorial Day Weekend in the US. Typically , every year , oil spikes. Not the case thus far. Finally , maybe , just maybe , the US is manipulating OUR CANADIAN LOONIE !!!! The US can kill us economically by doing this. Sincerely , GreenEarth
it worked out but I have to learn from this. Could have tp and bought up to 1.379 and sold again. Ty for the wisdom. Have a good weekend everyone. Next week will be better
  • #11,349
  • May 6, 2017 1:00pm May 6, 2017 1:00pm
Smikester , how did you know that the USD/CAD was going to fall after NFP. I was definitely leaning toward that fact fact , bit , NFP's were positive. I was watching PA at the R78 level , however , there had to be at least 1 major factor that told you it would fall. Could you share your thoughts on this please.

Thanks ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #11,350
  • May 6, 2017 3:05pm May 6, 2017 3:05pm
Quoting newbegger
This is awesome trend. I got out early after a Trump Tweet and had to chase it to get back in. It's all clear from here as last barrier was taken out on Friday close. Looks good until we get to the 1.3800-1.3820 area. Give a wide stop as you don't want to lose this long because Monthly cycles, Bonds, Trump tough talk, Gold and Oil are all aligned. The only thing that can stop this now would be a very, very bad NFP or some other black swan event that does NOT cause safe haven flows into USD.{image}
We got up to 1.3792 before Friday drop. That was very close to where I thought we'd get a reaction. I got out on the NFP reaction. I did not like the way it was moving on what should have been USD positive report. Watching now for what happens on open
Ecclesiastes 1:9
  • #11,351
  • May 6, 2017 7:42pm May 6, 2017 7:42pm
I had been waiting for this sell for a while .. finally got it..
https://www.tradingview.com/chart/US...set-up-on-240/
Wave-Trader- Charts as DocHolliday on Tradingview also
  • #11,352
  • May 7, 2017 7:23am May 7, 2017 7:23am
USD/CAD reaches higher this week despite the depreciation of the US dollar. Uptrend seem intact!
  • #11,353
  • May 8, 2017 7:07am May 8, 2017 7:07am
Quoting MrPresident
{quote} i said that it would reverse if you haven't read what i wrote i also said that 1.40 is my target because i buy the dips
and its going up again but i missed my long entry since i was sleeping
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 124 KB
Don't Worry Be Happy
  • #11,354
  • May 8, 2017 7:27am May 8, 2017 7:27am
Quoting MrPresident
{quote} and its going up again but i missed my long entry since i was sleeping {image}
I didn't miss mine Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: You_Doodle_2017-05-08T12_16_12Z.jpg Size: 102 KB
  • #11,355
  • May 8, 2017 8:04am May 8, 2017 8:04am
Quoting eCOBB22
{quote} I didn't miss mine Cheers {image}
will it go to 1.40? i hope so
Don't Worry Be Happy
  • #11,356
  • May 8, 2017 8:32am May 8, 2017 8:32am
Quoting MrPresident
{quote} will it go to 1.40? i hope so
Hoping is not the best approach. Good luck
  • #11,357
  • Edited 11:25am May 8, 2017 11:12am | Edited 11:25am
After a pullback from 1.3791 on Friday USD/CAD is rallying again today. I think it will attempt another test of the high at 1.3791 soon.
  • #11,358
  • May 8, 2017 11:17am May 8, 2017 11:17am
Quoting dianajs
After a pullback from 1.3731 on Friday USD/CAD is rallying again today. I think it will attempt another test of the high at 1.3731 soon.
Buyers seem to be in control today. Break above 1.373 would be nice but seems bears are holding at this area. They're battling hard atm
  • #11,359
  • May 8, 2017 1:12pm May 8, 2017 1:12pm
news says that the housing bubble is about to burst in Canada and it looks like the Canadian dollar is vulnerable
Don't Worry Be Happy
  • #11,360
  • May 8, 2017 8:20pm May 8, 2017 8:20pm
Quoting MrPresident
news says that the housing bubble is about to burst in Canada and it looks like the Canadian dollar is vulnerable
There's no way that this government will let the housing bubble burst but for sure the cdn $ is dropping below $0.60. Oil, trades with USA, nafta, and cdn pm all will contribute to lower cdn $.
Wooooohooooo or Boooooohooooo
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