relative historical uptrend with a reversion to the mean from here $TSX $HXU.ca
=> Here we are tracking risk-off for the US mid term elections and using CADJPY as a strategic hedge. => This is because of Canada primarily funding its deficit through portfolio inflows and with tightening liquidity conditions we see less investment into Canada for the foreseeable future. => Later this month we have a BoC hike priced in as well as another 2...
Hi Guys, today we're looking at the trading pairs CADUSD (USDCAD) side by side. If you have been following you will have seen the chart we posted on Crude oil and calling for a reversal at the 42 dollar area and it has respected this request and the 200 SMA on the 2 month chart with lots of historical support. With the rise in crude prices expected we can now look...
Hello traders, BOC will increase interest rate, DEC job report will be better due to more jobs because the holidays, also sales will be better, oil prices is getting higher soon. We expect Trend is going down from 0.9220 NOW to 0.88 In a month. Trade safe, if it goes up high to 0.93 Then give it another sell from there, it will come back. Manage your lot size...
CAD dollar showing slight uptrend since early 16'. break out watch of triangle $SPY $EWC
Break of the upwards trend line, we have a gap as well that will probably work as an resistance. But i first want to see some rejection around the current level. So wait and see how things turn out before getting into a position here. So probably at least a few hours more before i get in, maybe even tomorrow. Previous analysis:
CADUSD looks like it can fall to 0.75, 0.72, 0.68 and then 0.61 quickly
Previous trade was a perfect one, took risked some profit with the second 50% position to trail stop for an ever bigger drop but those got hit. Now from the looks of it we might have a bear flag now, but not convinced yet so i am going in with half a position here and will wait for a break of the yellow zone to get in with the second part. Still a chance for a big...
As of writing, November 7, 2018 @ 12:26pm, the CAD’s hammer against the USD is packing 0.17% punch while the USD’s hammer against the CAD is packing -0.16% punch. So, at this moment, the Canadian dollar is packing a stronger punch, which means that the Canadian dollar is gaining strength against the USD. So, traders can take advantage of this strength difference...
USDCAD bearish trade idea. These are the levels to watch. Good Luck from The TRADRZ Team Original idea by Ribz
Firstly, well done to all of those tracking the FED flow into USD... I know a few in the telegram who made their slice of the pie on this one. Firing a bullet here in USDCAD in what is a very technical environment as markets continue to digest the December hikes. => It's going to be a quick and sharp leg to the upside with a quick test of the previous 50 fib...
passively enter into such a tense market ... I would advise waiting for the closing of the monthly candle and further making decisions. the only thing I can advise - if the red news at the end of the week or sharply flies in, then buying a pair is more reliable than selling! if I decide to enter, the signals will be on my channel (see profile and subscribe)
For last dozen years the AU$-NZ$ correlates to CA$-US$. Coincidence, I'd think NZDAUD to be more like CADUSD. Thoughts? www.fxstreet.com
On the monthlys we can see CADUSD has painted a picturesque bear flag as it continues to lower. With the current pipe line purchase we are gearing for a larger fall overall around the Canadian dollar as we sell cheap oil to foreign interests and buy it back at a higher rate. The fall to 0.5 is only a rough estimate based off the current flag structure but we may...
USDCAD Short-term SELL! Waiting cadle pattern on resistance level
> Waiting for the break of the Flag > Flag pole meets at completion of BAT > Taking T1 at the completion of the BAT > Then taking the short when T1 met