Canadian dollar future bear trendCanadian dollar bear trend likely to resume. Target is on the median line (0.7374). Entry 0.76230. Stop loss 0.7680. Probability H.DShortby LEONESUpdated 4410
Canadian DollarWe may finally see the USD head and shoulders drop. The USD has come to the neckline. A pull back in the USD has created buying opportunities for CAD, AUD, NZD and others. CAD fought back lower prices. Gartley has been achieved if bulls can raise the USD, and the CAD will fall off the Gartley. If the USD drops we may achieve a Butterfly for the CAD.DLongby hopscotch4
Canadian DollarCanadian dollar is building out another bullish flag and the USD continues forming a head and shoulders pattern. See more upside to the CAD. Possible top at .76790 from last week. 78.6% is just a hop, skip and jump from there to complete the Cypher pattern at .77080. If flag does not hold then further downside to .75625 area.DLongby hopscotchUpdated 2
Canadian DollarThe USD continues to build its head and shoulders pattern. Canadian dollar is coming close to the 78.6% of the Bearish Cypher pattern. A little up and down may be in the offing. Dby hopscotch1
Canadian DollarMarch Canadian dollar still showing bullish flag and didn't drop as much as other money markets. Still watching the USD to show direction as the USD is still building the head and shoulders. DLongby hopscotch1
Canadian DollarThe March Canadian dollar is creating a bullish flag today. The USD was down and looking more bearish. The USD is creating a head and shoulders, so for the moment, the USD will be in chop allowing the CAD to progress higher. Next upside for the bulls for the CAD is the 61.8% position at .76305 and if it can push higher 78.6% completing the weak Cypher pattern at .77080. I say weak as the BC leg never went to 113% of the XA leg.DLongby hopscotch1
Canadian Dollar Key technical levelCanadian dollar at a 2 week support level, in terms of shorter term counter trend, this could be a good buy level targeting the 61.8 Fibonacci extension as possible resistance, however looking at the larger trend, if price were to break support- look for a larger continuation to downside. Dby JabezZinabuUpdated 222
Loonie Short?CAD hardly broke this descending wedge this week and finished this week right at support. The wonderful market left itself right here as the USD slumped a bit from resistance to finish the week. We would look to short on a break and retest of the green zone. If we rally back into the wedge, I want to see what happens near that down trend line. A rejection would lead to another retest of the green zone or fail. Momentum through the trendline would certainly lead to a retest of the blue zone above.Dby Benji2
***Short Opp***Really looking for price to get into our discount zone which is the area between the purple (89 week sma) and the yellow (89 day sma) to make a trade in the direction of the trend. However, this is an exhaustion candle here with the red arrow. This indicates the market testing new higher highs and then closing much lower than the high. The market didn't like those high prices and got exhausted. Small opportunity but nevertheless an opportunity. One could sell the futures contract or short the call option for a more conservative option (Pun intended)! Futures trading involves series risk of financial loss and is not suitable for every investor.DShortby caputo.philip111
Contracting triangle Canadian futureyour action based on the direction of breakout. Good luckDby Nawaf__Q83
Contracting triangle on Canadian future.Nice triangle, just wait till break trendlines and buy or sell accordingly Dby Nawaf__Q83
Looking to short the C$ MondayIts a gimme. A close back below HZ R will target more aggressive entriesDShortby LineKingUpdated 111
O CanadaSo, 1,45 or 1.50 are nice fib and Ch target for U$/C$. But a simple line analysis suggests potential for even more considerable weakness for the CAD. Antipodeans short v CAD still preferred - Kiwi. then Aussie.DShortby LineKing0
C$ is weak, but s/t, low-risk longsTho chances of pullback if Fib retraces of around Jan 4th (short USD/CAD @ 13980 T1 13733). Sudden ratchet of Mid East tension could see this move fast. Other x, esp vs NZD and AUD due a retrace (at least at first) - and then looking for poss trend reversalDLongby LineKing660
Canadian dollar still weakIf price can't find the support at blue region, it could continue to plunge til near 0.76530 Or we could see a relief bound to fight back to 0.87950Dby jangseohee337
Canadian Dollar H&S (re-issued)D6Z2014 - Canadian dollar has another opportunity to enter short. Today 02 Oct 2014 price reached the upper parallel line and bounced back suggesting a continuation of the bear trend. Targeting 0.8832. DShortby LEONES2