USDCAD - triangle transformation.Yesterday, a decision was made on the interest rate. The rate has not changed. As a result, the triangle is transformed into a XABCD pattern.
Canada
$ATTBF History Repeats Itself 2014 Run from .0125 to $2.85Remember the first MJ Rush in 2014? $ATTBF one of the few stocks HQ'ed in Canada but traded in America with its second symbol went from .0125 to $2.85 on Colorado recreationally legalizing MJ back in 2012 and the law was implemented that year and a few others legalized it recreationally and medically as well. Well now that beautiful rush has come full circle once again. Those states that legalized it that year implemented it last year and those profits will be on balance sheets this year, in addition Canada is going to approve recreationally Marijuana legally across their entire country on April 20th. With $ATTBF HQ'ed in Canada this is the green gold everyone will be waiting for. MJ stocks will shoot up, but MJ stocks from Canada will more than likely shoot even higher. $ATTBF has the best of both worlds, Bio and Medical Marijuana and other MJ products, a beautiful marriage of everything we love in both worlds. The chart and technical are primed for a beautiful run upwards. I would not say its outrageous to suggest a PPS target of $3.00 or more this time around. As can be seen, this stock has shown true strength and movement when it wants to.
$ATTBF Bio and Marijuana All In One 4/20 and MJ Rush PlayWell 4/20 is almost here and our favorite MJ stocks are slowly starting to create uptrends. One of my favorite ones has always been $ATTBF It saw a massive move today and seeks to attain its old fond highs of $1.00+ from the first rush back in 2014. A lot of people went disenfranchised because they thought the trend was dead due to the AG. However he is feeling a lot of resistance and Canada is to legalize MJ recreationally in the next few weeks. This being mainly located in Canada will have a massive boost from it.
USDCAD - Bullish Symmetrical TriangleUSDCAD move on uptrend channel and in symmetrical triangle. Stochastic < 80.
USDCAD falling soonGood intraday long for USDCAD FROM 1.336.
ANYWAY, I'm expeting a break of the highs at 1.342 to short hard for the C leg of the bigger correction.
Let me know on the comments what you guys think!
Long on USDCADIm looking at DXY, and i see that as i suspected before we are in for a bullish run still on USD.
With that being said i believe USDCAD is very very bullish and the next bullish rally we might even be able to break monthly resistance 1.3550. If we do we can go way higher but for now to be safe i am Long from the entry shown.
Risk/Reward: 1:1.6
Cineplex Inc - Stock Prices on Trading ViewThis is a display of current stock prices for Cineplex Inc. (TSE-CGX)
Second Cup Stocks 2014-PresentA visualization of Second Cup coffee shop chain stocks since 2014, when Alix Box took over as CEO. Part of business article on the company written by a Master of Journalism student.
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USDCAD LongFor those that missed yesterday opportunity to buy the dip, there might be a last this week.
Clear RSI divergence and USD is clearly oversold. It has broken the long term up trend, but it has held its strong 1.30 support. Compared to the USDOLLAR INDEX, USDCAD is after a long time trending lower that it used to and there might be a correction to this! 1.2915 is probably the best support, which if clearly broken, it could signal the beginning of a bigger downtrend for the pair.
Because many news are coming out today and this week, we'll be able to get a clear view about the market's direction direction. Most pairs are about to decide which direction they are going and that will probably be done by the end of the week. Most are unclear, but the downside for the dollar for most pairs is about 1-2%, before reversing the trend.
INTRADAY SHORT USDCADBig rejection at the 61% daily of the last Bearish impulse.
50 moving average on daily rejected with a dogi.
Head and Shoulder formation on H1 (being broken now).
Great confluence for a target at the 200 moving average, which is at the same time the 50% retrace of the bullish impulse.
CADCHF Look for short below resistanceI'm going to watch to short this pair. It may continue to go down if it can't stand above red resistance zone. Try to find some good entries with reasonable stop loss.
USDCAD TEXTBOOK WXY-PATTERN SHOWS BIG FALL IS COMINGThe chart says it all. 5 Wave impuls lower was followed by an impressive 10 month long textbook WXY correction pattern that is currently coming to an end.
Wait for the market to form a Lower High maybe around 1.3400 and enter a sell targeting the 1.25 lows.
Dont rush the entry, wait for it to form some kind of topping pattern on the 4H chart for example.
Note: on the montly chart there is a textbook spinning top forming. This is a very bearish topping pattern.
USD/CAD viewGood evening traders,
Energy traders would have noticed the somewhat eery price action on oil prices recently. I believe that recently losses are attributed to:
- Emerging doubts over the degree of compliance with OPEC production cuts as Iraqi exports remain high;
- Concerns about the rate of market rebalancing;
- Rapid rebound in U.S. shale production following a report at the end of last week which showed another solid build in US rig count (risen for the tenth consecutive week) - I expressed my concerns about this in the related USD/NOK idea.
Reports that non-OPEC producers Russia and Kazakhstan had reduced output produced little positive price reaction.
In essence, there is a battle between two major market dynamics: OPEC cutting (and adhering to cuts) and addition of supply by US shale producers.
One thing is for certain though: currently /cl price action does not look promising. USD/CAD is the best way to play near term oil downside in my opinion.
USDCAD view
USDCAD has been moving in the visible channel since May 2016 and is currently sitting on the lower trend line. CAD looks very expensive currently; the US-Canada 2YR swap spread suggests that USDCAD should be trading much higher indeed.
Markets have been ignoring the risk of US protectionism for CAD; although CAD isn't as exposed to the risk as some other currencies (AUD, for example), the BoC's business outlook survey showed that some respondents are concerned about the uncertainty associated w/ rising protectionism and I do not think that the risk should be discounted so much, since a potential shift from selective tariffs to broad border tax could be significant for US-Canada trade.
Risk:reward, technicals and fundamentals all favour buying the dip on USDCAD, targeting 1.37000.
Good luck!
USDCAD testing long-term trend supportSo long as USDCAD trades above 1.31 this week, there's a case to be made for a bullish reversal on this trend line support (despite the recent spike in oil prices). If prices continue falling past 1.31 without any rapid sell-off, I will probably disregard this trend line. A strong break below would expose the 1.27/28 area in the near term. I would target 1.35/36 should prices reverse at the indicated support level.
TXCXCanadian index TSX, upward trend, but touched the level 78.6% (14844.79).
We are waiting for the correction 61% (14200.75)
Open position just with SL
USDCAD LONGLong trade off previous downtrend. SL is a close below the 10ema, TP is 1.32450 good luck!
USDCAD: Tonight's Bank Of Canada rate trading ideaUSDCAD: Tonight's Bank Of Canada rate trading idea
CADJPY Watch Out, possible short!CADJPY hitting resistance, tested unsuccessfully (could test again, watch out)
Technicals: Fibonacci Level, structure and over-bought RSI suggest short
Fundamentals: CAD gaining recently due to higher OIL prices (how long will that continue?), JPY's recent rapid depreciation (since Trump won elections) can generate capital outflows, so I believe JPY should be pushed up against main currencies, affecting CADJPY as well
Good risk reward ratio, if trend and Fib broken, long could generate good profits, but to me it seems short due to the abovementioned reasons
NZDCAD increase till end of 2016Year and a half old support line
'Curve' structure from June 2013 never been violated yet
Daily close above 0.7 Fib Level (start from June 2013)
RSI and MACD bullish
New Zealand economy healthy as main macro indicators show!
Canadian dollar might struggle given uncertainty around OIL prices (OIL broke important support last week)
