Get started

Canadian

Canadian Dollar Lower on Oil Drop and US Tax WishesThe Canadian dollar had a negative trading session on Monday. The loonie was pressured downwards as the price of oil retreated and the USD advanced on the hopes President Trump will present a tax reform plan this week. The results of the first round of French presidential elections sparked an appetite in riskier assets hurting Canadian bonds as investors sold fixed income looking for higher yields. Canadian wholesale data showed a step back of 0.2 percent in February. This is the first contraction after four straight months of gains. The forecast had anticipated a larger drop but the indicator did little to help the dollar. Wednesday’s release of retail sales will have a higher impact as the gap between the US and the Canadian economy widens.
by Jadtecnic
Canadian Dollar USDCAD increased 0.0020 or 0.14%. The Canadian Dollar lost ground, after Canada’s consumer price index (CPI) advanced less-than-anticipated by 1.6% YoY in March. The pair is expected to its find support at 1.3396 and its first resistance at 1.3494. With 1.3456 minor support intact, intraday bias remains mildly on the upside for 1.3534 resistance. Break will target 1.3598 high next. Decisive break there will confirm resumption whole medium term rally from 12.460 and target next medium term fibonacci level at 1.3838. . On the downside, below 1.3456 minor support will turn intraday bias neutral and bring consolidation. But retreat should be contained well above 1.3222 support and bring another rally.
by Jadtecnic
Massive Top in $USDCAD, Low Risk Short Entry HereI will quickly publish this chart to show you the long term uptrend in the $USDCAD appears to be over. The downtrend is in play here and the risk to be wrong is very low, while the potential for gains is quite high. The long term trendline is broken and the $USDCAD is sitting on a level where a tremendous amount of volume and time has been spent at $1.31. Risk is a move over the 1.335 level to invalidate this setup. The opportunity is for a drop down to $1.17 where the "least amount of volume" has traded. More details to follow. Tim 8:28 AM EST Jan 31, 2017 1.30828 last
Short
by timwest
5
CAD MEDIUM TERM SHORT: Massive divergence between DXY and CADThe chart shows INVERTED dollar index (blue) vs CAD index (candles). There is a clear correlation between inverted dollar and CAD - that is, a stronger dollar negatively impacts CAD - likely since a stronger dollar weighs on commodity prices in general. At present, there is a strong divergence between CAD index and inverted dollar. This needs to be corrected. Sustained dollar strength should lead to a fall in CAD in the medium term.
TVC:CXYShort
by Exercise-Discipline
$NZDCAD | Bearish GEO & Wolfe Wave | Targets DefinedHello Traders, $NZDCAD is currently in a strong uptrend with no plans of reversing any time soon. However, looking at the overall structure, we can clearly see a Bearish Geo formation. To define points 5, 5', and 5" I always look for the completion of an AB=CD pattern. This is usually a good indicator or where price will reverse in the GEO'. The lines in red define the highest probability targets. The darker the color, the higher the probability. The targets defined will also act as a level of reversal for price. The lighter colors indicate the strength of the reversal. The lightest color then, has the highest chance of reversal. Making sense? The forecast, for now, is bullish. Stay tuned, Chartistry
by GWaves
4