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Forex-usdcad

USD/CAD Daily Update (29/8/17) *Play other USD Pairs Now everyone hate USD. I think it "may" be priming for short covering rally. It may not be a start of uptrend but at least a possible swing back. I expect the region near 1.24 will be highly defended. If you have play weakness of USD, try looking other pairs.. not USD/CAD Possible Swing up from that level. Wait for it. IF you ever take any Long position, it will be considered Let's see and trade Safe. s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
by SonicDeejay
1
USD/CAD Daily Update (23/8/17) *Careful with your short positonsI can't help but see the very good support level of 1.2440 area. If you are having a short, just be careful At the same time, do not rush in with he long positions as well, I am planning to send into some long scouts to test water. It is not outright bullish calls yet. Let's see and trade Safe. s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
by SonicDeejay
1
USD/CAD Returns To Consolidation – Chance For Short?Breaking the upper limit of consolidation occurred already in April. Price after reflection from the top came under 61.8% of the abolition (1.37910) and rebounded to the south. Friday’s strong depreciation of USD/CAD brought price again to horizontal channel, simultaneously breaking Fibonacci 50% and March 1.3530: The above-mentioned levels will play a key role in successive sessions, and with high probability will help us to decide to open a short position, aiming at lower limit of consolidation, which is almost 500 pips lower than the current price. Chart D1 at this point forms a bar pin under resistance – if session closes in that form, we will receive a signal to enter short. Find more at Comparic.com .
Short
by Comparic
USDCAD: Bearish pinbar formation Technical analysis: USD/CAD is expected to trade with bearish bias next week. Bearish pinbar formed as double top from the 20.1.2017 Trend line from January last year holding as resistance, we have already resistance trend line from the 25.5.2016 Zoomed chart (H4) showing broken trend line with H4 bearish outside bar. If we zoomed a little bit more (H1) there is a strong hidden MACD (Moving Average Convergence Divergence) divergence, H1 trend line is already broken with bearish pinbar. Looking for bearish opportunity from the RN (round number) 1.34000 left eye of D1 pinbar & retest of H4 / H1 broken trend line with a stops some pips above D1 pinbar 1.3445 (45 pips). First potential target area is 0.50% fibonacci retracement from the swing low 1.29673 and already demand zone 1.32000 (200 pips). Reward to risk is calculated as 4.4:1.0 Fundamental analysis: Be careful this week expected a lot of volatile on the market -Wednesday,Mar 08 Housing Starts s.a (YoY)(Feb) 14:15 GMT+1 -Thursday,Mar 09 New Housing Price Index (YoY)(Jan) 14:30 GMT+1 -Thursday,Mar 09 New Housing Price Index (MoM))Jan) 14:30 GMT+1 The most important -Friday,Mar 10 Nonfarm Payrolls 14:30 GMT+1 (Forecast 190K jobs) Last month United States employed much more people then expected, forecast was 175K jobs but acual was 227K jobs. This month we expected 172K jobs, forecast for this month is 190K. Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Performed by analytical expert: Urban Stamcar
Short
by SvetInvesticij
USD/CAD viewGood evening traders, Energy traders would have noticed the somewhat eery price action on oil prices recently. I believe that recently losses are attributed to: - Emerging doubts over the degree of compliance with OPEC production cuts as Iraqi exports remain high; - Concerns about the rate of market rebalancing; - Rapid rebound in U.S. shale production following a report at the end of last week which showed another solid build in US rig count (risen for the tenth consecutive week) - I expressed my concerns about this in the related USD/NOK idea. Reports that non-OPEC producers Russia and Kazakhstan had reduced output produced little positive price reaction. In essence, there is a battle between two major market dynamics: OPEC cutting (and adhering to cuts) and addition of supply by US shale producers. One thing is for certain though: currently /cl price action does not look promising. USD/CAD is the best way to play near term oil downside in my opinion. USDCAD view USDCAD has been moving in the visible channel since May 2016 and is currently sitting on the lower trend line. CAD looks very expensive currently; the US-Canada 2YR swap spread suggests that USDCAD should be trading much higher indeed. Markets have been ignoring the risk of US protectionism for CAD; although CAD isn't as exposed to the risk as some other currencies (AUD, for example), the BoC's business outlook survey showed that some respondents are concerned about the uncertainty associated w/ rising protectionism and I do not think that the risk should be discounted so much, since a potential shift from selective tariffs to broad border tax could be significant for US-Canada trade. Risk:reward, technicals and fundamentals all favour buying the dip on USDCAD, targeting 1.37000. Good luck!
Long
by jamiegleave
1