jolicoeur342
Short

USDCAD - NFP FORECAST

FX:USDCAD   U.S. Dollar/Canadian Dollar
1373 15 32
If you take a quick look at the USDCAD             chart, without using any fundamental but just technical analysis , we can cleary see that USDCAD             reached the SELL AREA, meaning that NFP should push the USD dollar down! + if you take a look at USD dollar INDEX             , it bearish on weekly chart.
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Some people told me you CANT predict NFP, but to be honest when you look at the higher timeframe there have been NFP everymonth and the chart still follow the same trend... Remember that NEWS FOLLOW THE TREND!
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If NFP push the USD dollar up it will be a fake out im pretty sure, we should be heading back to 1.27 maybe a new low around 1.25!
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Comment: 10 minutes before the NFP, USDCAD break under a trendline! Mean something ? Lets see
snapshot
Im seeing the same thing your seeing. Im in this short right now (& long a few contracts in the Canadian dollar futures). This should be a good call!
+1 Reply
jolicoeur342 kerryedwards
with the news we got this morning, the CAD dollar is now finally BULLISH! we should see xxxCAD down and CADxxx UP =) for a few weeks
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kerryedwards PRO jolicoeur342
I most certainly agree!!
+1 Reply
I TOOK this and that was one of the only few trade i won today :[ i'm not happy cuz i put a small lot on this one and it hit +100pips..damn
+1 Reply
Congratz :)
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I think the same. USDCAD is on the downtrend.
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Yeah exactly the US are really good to keep their money really high before a good crash, so when your technical analysis are good you can really predict the market!
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Hey I'm short on usdcad too, clearly the US economy is not as good as it seems. But I think the fed will raise rates this year before the S&P 500 crashes big time, how do you think this will this affect the USD? I'm curious to know your opinion! Have a good one
+1 Reply
jolicoeur342 SimonBrisebois
No rise will be seen with this kind of NFP
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I´am new in the forex/trading market but you help me alot with ur stuff! Thanks bro <3

Think i´ll book you at the trading school soon. Phoenix for life!
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