for now its not a good time for trade(buy&sell) but canada doesnt want to their own currencey(Canadian Dolar) getting stronger then u.s dolar cuz to adversely affect their trading market between of usa. as i said its early to say something about buy and sell we have to watch out for key points on my analysis when price has reached there we can get good profits.
Comments
Olu
⋅
Hi
I originally thought that usdcad was going to 1.0750 and then up to the moon but it is proving me wrong at the moment. I agree with your comment that BOC would like a weaker CAD I just dont know about how strong their resolve is to make it happen. I am looking to get long this pair (sell cad futures) when price gives a good reversal aroung 1.07xx or hen we have a breakout above 1.0970. That is my game plan ...for now
samed.karsanbas
⋅
hi canada trying to hold usa dolar on bullish trend. my opinion is best trade area when price touched some of key points of my analysis i mean if price open under of 1.08xxx we can get sell position through to our huge bullish trendline. Sell position cant be Main Plan for usdcad it might be a some profit for short time and all we know at this moment for u.s dolar sell position trade not a good investering for a shortly time. lets wait for down trend or up trend soft touch :D
I originally thought that usdcad was going to 1.0750 and then up to the moon but it is proving me wrong at the moment. I agree with your comment that BOC would like a weaker CAD I just dont know about how strong their resolve is to make it happen. I am looking to get long this pair (sell cad futures) when price gives a good reversal aroung 1.07xx or hen we have a breakout above 1.0970. That is my game plan ...for now