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USDCAD
Členom od Oct 02, 2014
905 príspevkov
Jul 03, 2016 at 16:04
Bearish on this pair.
Positivity
Členom od Dec 09, 2015
823 príspevkov
Jul 04, 2016 at 14:17
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.
Členom od Oct 11, 2013
769 príspevkov
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.
Členom od Dec 09, 2015
823 príspevkov
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.
Členom od Jul 08, 2014
411 príspevkov
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
Členom od Nov 14, 2015
315 príspevkov
Jul 05, 2016 at 12:50
As oil feel because of the potential risks to the UK economy, so did the oil driven CAD.
Členom od Dec 09, 2015
823 príspevkov
Jul 06, 2016 at 15:34
(upravené Jul 06, 2016 at 15:39)
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.
Členom od Dec 09, 2015
823 príspevkov
Jul 07, 2016 at 13:45
(upravené Jul 07, 2016 at 13:46)
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.
Členom od Dec 09, 2015
823 príspevkov
Jul 08, 2016 at 08:30
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.
Členom od Jul 08, 2014
411 príspevkov
Jul 09, 2016 at 03:39
1.33-5 are my targets for the coming week/2. NZDCAD continues surging higher on yield.
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Prílohy:
Keep at it
Členom od Dec 09, 2015
823 príspevkov
Jul 11, 2016 at 13:54
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.
Členom od Oct 11, 2013
769 príspevkov
Jul 12, 2016 at 03:36
The USDCAD stalls around the 200 day EMA, but it may break it to the upside.
Členom od Jul 12, 2016
80 príspevkov
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
Členom od Dec 09, 2015
823 príspevkov
Jul 12, 2016 at 11:11
(upravené 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.
Členom od Nov 14, 2015
315 príspevkov
Jul 12, 2016 at 11:21
(upravené 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.
Členom od Jul 08, 2014
411 príspevkov
Jul 12, 2016 at 14:58
I'm still holding long USDCAD and long NZDCAD
Keep at it
forex_trader_29148
Členom od Feb 11, 2011
1768 príspevkov
Jul 12, 2016 at 15:36
(upravené 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
Členom od Jul 08, 2014
411 príspevkov
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?
Prílohy:
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Keep at it
forex_trader_29148
Členom od Feb 11, 2011
1768 príspevkov
Jul 12, 2016 at 21:36
(upravené 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
Členom od Nov 14, 2015
315 príspevkov
Jul 13, 2016 at 10:22
I don't expect the tone from BoC to change much in the Monetary Policy Report. Maybe a note about brexit as pretty much everyone have now.
