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CAD

The Looney being annoying! But a big short in sight! Hi All, The Looney is really being a Looney over the last couple as it is massively rallying despite massive MASSIVE divergencies. I have this count as follows. Wave 1: Standard impulse Wave 2: ZZ retraced 61.8% Wave 3: Extended to 2.618% Wave 4: Flat retraced 23.6% wave 5: Looney high marked with the blue line. As you can see, there are 5 key high's that kept pushing this pair higher despite being over bought as this pair is at the top so a short is predicted. With keeping an eye on this as it will make some massive moves to the downside. Happy Trading
Short
by donaldsaw
CAD Retail Sales set to support strong CAD. (OIL to rise today)The Canadian Dollar is currently at strong resistances against the USD and EUR. CAD has recently taken a beating against most of its counterparts, that beating started after the BoC meeting earlier this month. REASONS FOR STRONG CAD The strength would come from fundamentals as I expect/believe that today's Core Retail Sales will come out rather positive further to this I also believe that the Crude Oil Inventories will support stronger Oil. My research indicates that today's news will support the CAD and OIL. Technical indicators are always rather strong... we are at a key resistance level. So all in all I will be buying CAD today and I have an OIL position from yesterday.
Short
by PipsMatter
Buying CADCHF Strong technical indication for a bull run to 0.75As per my previous post, I strongly believe that the USD will head higher, since Trump got elected as the 45th president of the USA the CAD has been following the USD. Aside from this basic reason, the Canadian economy is in great shape (at least for now). On Wednesday the Retail Sales coming out from Canada will support the CAD but till then I expect this pair to head to around the area of 0.75, this is where my TP is. Some technicals that suggest a move are a double bottom. I advise you to analyze the pair yourself before you enter and use your own risk management to protect your capital.
Long
by PipsMatter