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USDCAD
Member Since Oct 02, 2014
905 posts
Jul 03, 2016 at 16:04
Bearish on this pair.
Positivity
Member Since Oct 11, 2013
769 posts
Jul 05, 2016 at 05:35
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.
Jul 05, 2016 at 12:09
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
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
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Member Since Oct 11, 2013
769 posts
Jul 12, 2016 at 03:36
The USDCAD stalls around the 200 day EMA, but it may break it to the upside.
Member Since Jul 12, 2016
80 posts
Jul 12, 2016 at 07:10
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
(edited Jul 12, 2016 at 11:14)
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
(edited Jul 12, 2016 at 11:27)
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
Member Since Feb 11, 2011
1768 posts
Jul 12, 2016 at 15:36
(edited Jul 12, 2016 at 15:37)
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
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?
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Keep at it
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jul 12, 2016 at 21:36
(edited Jul 12, 2016 at 21:37)
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
