A potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.
CADJPY is approaching our first resistance at 83.43 (50% Fibonacci retracement , 100% Fibonacci extension, horizontal pullback resistance )where we might see a drop in price to our first support at 81.34 ( 38.2% Fibonacci retracement , horizontal swing low support ).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in...
Been sitting mostly in cash so watching CAD, If we get a move up will consider buying more us stocks. Would think this is highly dependant on the price of oil, but USD could be turning over.
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...
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...
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...
