uc watching with usd pairs since price on the DXY chart is at a 14 year high
on behalf this updrent we take some pips by selling , and closing @ 134.450
USDCAD is overstretched to the upside. On the 4H chart, it is outside 800 period Bollinger Bands. Furthermore, there is divergence towards the 1.34 level, suggesting momentum of the upward move is slowing. I expect a pullback on this pair, especially as oil appreciates back to the $50 level, to 1.32. Below 1.32, strong support should be expected at...
Hi guys. From the oil news, it effects to the USDCAD For the sell setup. A-B-C pattern and now it is the wave C (TP first meet at 100%), next is 161.8% at 1.3200 Aware: NFP tomorrow. Whatever, i will close before the news.
OANDA:USDCAD UC has sold off after a nice rise in a channel. the selling was caused by a weakening in the USD and strengthening in CRUDE OIL. traders have been moaning about the lack of correlation between the rise in oil prices and UC when the USD was being ramped up prior to the FED minutes and YELLEN speech. so if we forget about the news and look at the...
i due this pattern out in chat for MASH....identified the retrace target as 1.32ish in USD/CAD before a major PLUNGE so far so good
I'm very interested in shorting the UC. BUT - ther's not ONE lower low. Going short now, would be a 50/50 gamble. I like higher chances on my side ;-) So, i wait for "something interesting" to happen. Observe... P!
I am expecting a pull back to 1.29511 (MT4) I will have buy orders at that point with SL under previous swing low. If 1.29511 does not trigger wait until 1.31200 to take a buy UCAD continues to make higher highs. 4HR UCAD is in an ascending triangle. Break above to top of uptrend channel. Long term TP is 1.35004 (for now) (MT4) 1.35689 (TV) This is also 50%...
Looking at the 4h chart there is a potential setup forming to go long on UC. There is a chance it may meet resistance at the first green arrow so i will watch price action here but could travel to the second at 1.3400. Will take this trade depending on the bullish formation of the next 4h candle. If its bearish i will eat an easter egg instead to console myself.
Canadian Dollar not bad after much chaos - let's see if the party continue till 1.31979
Have been waiting for a confirmation of trend reversal after rally on 21.01.2016. As supply glut continues to grow, there is no reason for a resurgence in oil prices yet. Technically , 1. Rising blue wedge was broken, 2. Rejection from .764 line to confirm H&S. 3. Upper Yellow line now serving as resistance for downward wedge. End of corrective wave C on...
What you can see here is a nice sell opportunity. The best is to sell when price hits the line and is bearish engulfed. Best of trading!
It's not over yet for the UC bulls. Fundamentally , market conditions have not changed too much despite the sell off in USD the last few weeks. Yes, data was disappointing, but in terms of U vs. C, these two items still remain: 1. Oil has yet to find a defined bottom. 2. Divergent policies banking between the USA and Canada. Though, I do believe we maybe...
UC GOING DOWN Forex market is obviously lacking direction while it waits for the U.S data points. Investors / traders are pinning some of their hopes on FOMC’s minutes from the Federal Open Market Committee (FOMC) . With enormous tension diminishing in the wake of China’s decision last week to devalue its currency, the market is shifting her focus to U.S...