USDCAD

Bearish on this pair.

I agree, the pair is still very bearish and it broke below 1.2880. The closest target is 1.2800, but I think it will fall lower than that.

The USDCAD may continue oscillating around the 1.2900 level. The 200 day EMA around the 1.3100 level is a very good resistance to keep in mind. The low at the 1.2500 level continues being its most relevant support.

I admit I wasn't expecting this move to the upside today, nor did I see any signals for it before it started. The only indication was that it was struggling to break below 1.2850.
Now the question is how much higher it will climb. The first target is 1.3000, I think.

dianajs posted:
I admit I wasn't expecting this move to the upside today, nor did I see any signals for it before it started. The only indication was that it was struggling to break below 1.2850.
Now the question is how much higher it will climb. The first target is 1.3000, I think.

The main trend is bearish, but I am a USD bull, as far as the fundamentals surrounding the other countries I can't justify buying their currencies. So I am bullish USDCAD and oil has more scope to the downside than up I think..
 
( of course what I think is unimportant ) Just my thoughts.

Canadian$ has little yield, USD= safe haven, I prefer to go long USDCAD and long NZDCAD as a ' basket trade' gets the best of both worlds.

As oil feel because of the potential risks to the UK economy, so did the oil driven CAD.

I opened a long position yesterday and I am still keeping it open, because the pair has formed a new high above 1.3050 and I think the next target will be 1.3080 - 1.3090.

I managed to close that long position on time, thankfully. USD/CAD is moving in a tight range at the moment and I think next target is 1.2840 - 1.2830.

The pair is stuck in a very tight range while everyone are waiting for the US Change in Non-farm Payrolls announcement. Let's hope it will cause more than a whipsaw.

1.33-5 are my targets for the coming week/2. NZDCAD continues surging higher on yield.

USD/CAD is still moving to the upside and it will soon test the resistance at 1.3100. I think that if breaks out above that level it will continue climbing towards the previous high at 1.3187.

The USDCAD stalls around the 200 day EMA, but it may break it to the upside.

USDCAD The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.3050 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below it

The pair broke below 1.3050 today and I think it may continue falling towards 1.2950 - 1.2940 but tomorrow the Bank of Canada will announce is interest rate statement, so it also depends on its effect on the pair.

Global easing, especially from Abe in Japan have sent the oil higher. Currently over 3% today. CAD in turn becomes higher because of this. It could head towards 1.3020-1.30 today if the oil rally continue into the US & CA session.

There is also the effect of the OPEC rapport today.

I'm still holding long USDCAD and long NZDCAD

started going short nzdcad, grid style,spaced 100 pips,will hit the top soon and then reverse,i'm on day chart

rob559 posted:
started going short nzdcad, grid style,spaced 100 pips,will hit the top soon and then reverse,i'm on day chart

Oooo, I've enjoyed the run up, will take some DD if it tanks down. Are you aiming for under 90's?

Magiic posted:

rob559 posted:
started going short nzdcad, grid style,spaced 100 pips,will hit the top soon and then reverse,i'm on day chart

Oooo, I've enjoyed the run up, will take some DD if it tanks down. Are you aiming for under 90's?

yes i am, will take some time but will be going back at around 89...something,50% fibo and when it passes it down will start bying again, life is a big wheel