USDCAD - PIPS FOR DAYSLast time we looked at usdcad we rode this badboy down. it has hit the trend line and we can now place our buys for a long term ride up.
Loonie
USDCAD - Dont Blink or you'll miss itLast one for the night.
USDCAD has had me fooled with this incredible climb it did for about a month straight. Spotted the channel it was in and realized that it to has reached the top. It is currently now consolidating but it won't be long now until it drops back to the lower trend line.
USD/CAD ShortUSD/CAD is looking good for short at a good resistance level with a good R:R
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AUDCAD REENTRY SELLI have been reentry sell position at 1.01982 and wanting to hold short until 0.99576 . after the market open hoping to gap down below because of the French Election this Sunday.
Usd-Cad Short ScalpUSDCAD Short Term Short Scalp/
USDCAD has rallied a lot and it needs some retract to pick more orders.This is a good short term scalp opportunity with a good R:R
The beginning of a new uptrend? Hello Traders,
The previous week offered a decent intra-week opportunity for me to short oil for a 2 day hold on the short (covered on Friday at daily 200 MA).
Now on to longer time-frame opportunities with oil and oil related assets. Overlaid on the chart is an area chart of WTI Crude Oil (ticker: /CL). With the potential for further weakness in the black gold we can see the Canadian Dollar trade lower thus pushing USD/CAD above 1.3600 opening the way for the currency pair to trade back up to 1.400 - 1.4500 continuing the trend higher.
Keep an eye on crude breaking/bouncing on the ascending trend-line and daily 200 MA.
The trade:
No position until we get Daily close above 1.3600.
Upon a break I'm committing 1% risk to the position.
Stop placement will be determined upon a break above 1.3600.
Moving Averages:
We remain bullish on the bullish 10EMA/50MA crossover.
Trading well above Weekly 200 MA.
"A man does note have to marry one side of the market till death do them part." - Edwin Lefèvre
Monthly Bar Chart:
Daily Bar Chart:
USDCAD Be patient before taking any order :)
If the price breaks the trend line by reaching 1.35 you can BUY. Today the Loonie will either obey the Channel or the Triangle.
USD/CAD Daily Update (12 Aor 2017) *Bear LiklyI am seeing Bear to continue to dominate this pair.
I will be standing with BEAR as long as the price is below 1.341x region.
Trade Safe,
s0nic
CADJPY long CAD JPY shows the Compression Buy characteristics:
1. Supply is all clear
2. Shows a sloping angle which is a high probability to go up.
3. There is a big news impact for CAD - GDP m-m
this shows my analysis of CADJPY , please trade carefully guys.
Short for around 5-6 hoursCAD usually goes down starting 0100 am for several hours before London gets in the game. There is no indication this wont happened again. Only if the oil price continue to drops which will put the loonie in better position.
USD/CAD Daily Update (13/3/17) *Seeing Possible Swing to 1.336USD/CAD still anice uptrend for me in mid and longer timeframe.
But for now, I am seeing 1.336x as a possible swing back down level, as short term swing, and we gotta how the market react from the level.
Trade Safe,
s0nic
USD/CAD H4/Daily Update (17 Feb 2017)It is not that I am Bullish on USD, it is more of I am bearish on CAD. And they are *sort of inversely proportional to Oil price (E.G. Oil Down, USD/CAD up)
Watch 1.3110 level first. If it is broken strongly. I will go up Higher.
Trade Safe,
S0nic
AUD/CAD possible double top - go shortLooks like a possible double top on the Ozzie vs Loonie. Price tested the initial close high at about 1.0065 twice. There is a strong bearish divergence on the RSI, so let's see if the bears can hold and drive the price lower.
Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level.
First take profit level at 0.9850
Hoping for second take profit level at 0.9650
GBPCAD a doomed house without bear trap?letZtry;)
4HR EMA seems saved the bears but i prefer this direction atm:)
NZDCAD Bullish Flag confirm, waiting 4 correction to enter LONGNZD is in steady up-trend against loonie. Recently pair has drawn bullish flag and giving confirmation by taken out .9632 resistance. Next minor resistance is @ .9666. A corrective move may produce excellent buying opportunity from .9450 handle, Wait for a reversal signal before you enter LONG.
As I mentioned in recent published NZDUSD idea that kiwi and Aussie are performing relatively better against US$ from commodity currencies. Further USDCAD is expected to remain range bound as is Crude OIL. Utilizing this fundamental divergence in line with technical setup seems pretty lucrative.
Trade with Care...
USD/CAD Daily Update (1 Feb 2017) *FOMC today, USD bearishI am not buying in the recent Bull pull back. To me, it is rather for the better Short set up.
I am still standing with Bear.
Trade Safe,
s0nic
