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USDCAD
Membre depuis Oct 02, 2014
posts 905
Membre depuis Oct 11, 2013
posts 769
Jul 05, 2016 at 12:09
Membre depuis Dec 09, 2015
posts 823
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.
Now the question is how much higher it will climb. The first target is 1.3000, I think.
Jul 05, 2016 at 12:13
Membre depuis Jul 08, 2014
posts 411
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.
Keep at it
Jul 09, 2016 at 03:39
Membre depuis Jul 08, 2014
posts 411
1.33-5 are my targets for the coming week/2. NZDCAD continues surging higher on yield.
Keep at it
Membre depuis Oct 11, 2013
posts 769
Membre depuis Jul 12, 2016
posts 80
Jul 12, 2016 at 07:10
Membre depuis Jul 12, 2016
posts 80
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
Jul 12, 2016 at 11:11
(édité Jul 12, 2016 at 11:14)
Membre depuis Dec 09, 2015
posts 823
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.
Jul 12, 2016 at 11:21
(édité Jul 12, 2016 at 11:27)
Membre depuis Nov 14, 2015
posts 315
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.
There is also the effect of the OPEC rapport today.

forex_trader_29148
Membre depuis Feb 11, 2011
posts 1768
Jul 12, 2016 at 15:36
(édité Jul 12, 2016 at 15:37)
Membre depuis Feb 11, 2011
posts 1768
started going short nzdcad, grid style,spaced 100 pips,will hit the top soon and then reverse,i'm on day chart
Jul 12, 2016 at 15:41
Membre depuis Jul 08, 2014
posts 411
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?
Keep at it

forex_trader_29148
Membre depuis Feb 11, 2011
posts 1768
Jul 12, 2016 at 21:36
(édité Jul 12, 2016 at 21:37)
Membre depuis Feb 11, 2011
posts 1768
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

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