USDCAD
Mitglied seit Oct 02, 2014
909 Posts
Mar 18, 2018 at 22:31
Looking to go short soon.
Positivity
Mitglied seit Oct 02, 2014
909 Posts
Mar 24, 2018 at 15:29
Short entry seems like a good deal now.
Positivity
Mitglied seit Oct 02, 2014
909 Posts
Mar 31, 2018 at 12:30
USD/CAD is moving up nicely.
Positivity
Mitglied seit Oct 02, 2014
909 Posts
Apr 06, 2018 at 12:36
The Canadian dollar lost some points to the US dollar. US session could bring it back under 1.27.
Positivity
Mitglied seit Oct 02, 2014
909 Posts
Apr 13, 2018 at 14:41
I'm looking to go long at about 1.25-1.2450.
Positivity
Mitglied seit Feb 11, 2018
232 Posts
Apr 19, 2018 at 07:25
USDCAD: A base already formed?
USDCAD closed back above 200 day MA and threatens to close above the downtrend channel.
Short term some upside movement is likely.
If so, today ideally should not close below 1.2580.
The downtrend from last month could only be counted as 3 waves.
1.2815/27 will be key levels to watch.
Directly close below 1.2527 will negative this view.
USDCAD Trade Idea:
Buy limit @ 1.2588 stop 1.2525 for 1.2716
USDCAD closed back above 200 day MA and threatens to close above the downtrend channel.
Short term some upside movement is likely.
If so, today ideally should not close below 1.2580.
The downtrend from last month could only be counted as 3 waves.
1.2815/27 will be key levels to watch.
Directly close below 1.2527 will negative this view.
USDCAD Trade Idea:
Buy limit @ 1.2588 stop 1.2525 for 1.2716
Anhänge:
Mitglied seit Oct 02, 2014
909 Posts
Apr 19, 2018 at 08:42
Tomorrow's Core CPI will have an impact on the pair. I'm bearish on the Cad.
Positivity
Mitglied seit Feb 11, 2018
232 Posts
Apr 20, 2018 at 17:22
USDCAD: Take profit and look to re-buy dips
USDCAD already closed above downtrend channel and keep closed above 200 day MA.
On intraday chart, we see the uptrend is overlapped and could be counted as an abc correction.
According to my system, even closed at current level, will also generate a weekly sell signal.
Seasonal Candian Dollar strength from April to July should also be taken into account.
We suggest take profit on yesterday's long position from 1.2588 (spot 1.2663) and look to re-buy dips.
If today close below 1.2633/18, that will indicate further consolidation ahead.
Directly break recent low, will indicate the downtrend resume.
USDCAD Trade Idea:
Buy limit @ 1.2597 stop 1.2510 for 1.2717
USDCAD already closed above downtrend channel and keep closed above 200 day MA.
On intraday chart, we see the uptrend is overlapped and could be counted as an abc correction.
According to my system, even closed at current level, will also generate a weekly sell signal.
Seasonal Candian Dollar strength from April to July should also be taken into account.
We suggest take profit on yesterday's long position from 1.2588 (spot 1.2663) and look to re-buy dips.
If today close below 1.2633/18, that will indicate further consolidation ahead.
Directly break recent low, will indicate the downtrend resume.
USDCAD Trade Idea:
Buy limit @ 1.2597 stop 1.2510 for 1.2717
Anhänge:
Mitglied seit Oct 02, 2014
909 Posts
Apr 23, 2018 at 08:40
The pair is now at the 50SMA, strong support is seen at 1.31.
Positivity
Mitglied seit Oct 02, 2014
909 Posts
Apr 28, 2018 at 13:41
USDCAD had a good week of upward move, i think next one would be a continuation of consolidation.
Positivity
May 10, 2018 at 11:58
Elliott Wave Analysis: USDCAD, Sell at 1.2873
USDCAD closed back into daily Ichimoku cloud.
As we discussed yesterday, oil price may support Canadian Dollar in near term.
From an Elliottwave perspective, after completed 5 wave rally from 1.2523, the pullback only could be counted as 1 wave.
Ideally we could see more weakness toward at least 1.2765.
If so, today will not touch or close above 1.2883.
USDCAD Trade Idea:
Sell Limit @ 1.2873 SL @ 1.2975 Take Profit @ 1.2765/1.2688
(Reduce position on daily close back above 1.2883)
USDCAD closed back into daily Ichimoku cloud.
As we discussed yesterday, oil price may support Canadian Dollar in near term.
From an Elliottwave perspective, after completed 5 wave rally from 1.2523, the pullback only could be counted as 1 wave.
Ideally we could see more weakness toward at least 1.2765.
If so, today will not touch or close above 1.2883.
USDCAD Trade Idea:
Sell Limit @ 1.2873 SL @ 1.2975 Take Profit @ 1.2765/1.2688
(Reduce position on daily close back above 1.2883)
Anhänge:
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