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Loonie

USDCAD - WEEKLY OUTLOOKSo we always try to have a plan for both sells and buys but the #loonie looks long here. It's currently sitting just above one of the strongest levels of support I've ever seen: Key Key psychological 1.30 level Weekly 61.8% Fib Retracement! (WEEKLY FROM JUNE 2017 SWING LOW!!!) Previous September lows when the DXY was crumbling couldn't break this level! So as far as sells goes, unless we see an intra day technical validation, we won't be selling this week. See arrows for 2 buy options! Trade safe with the election incoming!
Long
by RealistFX
GoldCartel - Is Loonie ready for a breakout? or falling deeper?Here's the link to see the beginning of this analysis: Follow up analysis: So far, so good. Currently, my analysis and targets remain the same, I reckon if it can stay below the major daily trendline, USD will keep falling deeper to 1.295, and my final long-term target would be at 1.272 zones. There's also a potential bear flag on H4 Time-frame, a great sign of a bearish continuation. Catalyst: - US Sales data - US EIA - FOMC - US ADP - US Jobless claims - CAD Core Retail Sales - US CB leading index
Short
by GoldCartel
5
Dollar Dollar Loonie Ghost . 120-200 pips I don't know. I don't see anything. I drew some lines on a chart based on something I heard in chat. I can't even say this is my idea. I don't even know who said it, someone comes in chat and is like loosing his mind on this play going, "Ya'll gotta look at Loonie! Loonie loonie loonie!" And we're like, what time frame? What pair cad? Someone shows him 15 minutes, he buckles up and blow, "15! What hell 15!? 4! 12! Months! Take a nap!" I mean a fella tells you put on a trade, go take a nap, I need a nap. SO! Lookie lookie Loonie what's up? I dunno, numbers don't lie they say, so it was 92.66 and 1.3068, DXY USDCAD. What's up with oil? I dunno, heard sometthing something about Saudi finding more, "Surprise! We found more. Selfies from the Middles Peace!" So, DXY's bouncing, Canada, why so sad a duh? Who's on the See Saw? Who's falling off, who's buckled in? That guy's still shouting "CAD! Loonie! Nap!" in my head, so at least I made a chart so next time hoomie comes rolling in Loonie I'm a hot potato pass around. Long USDCAD 120 - 200 pips, sell the bitcoins buy a couch.
Long
by allthemoneys
GoldCartel - Loonie follow up analysisI reckon it will require consolidation inside the supply and demand zone while waiting for the next catalyst—a pretty good range for day trading. Currently my analysis and final targets remain the same as long as it stays below the down-trend channel. Here's the previous analysis: Catalyst: - CAD Manufacturing PMI - US ADP - US EIA - CAD Trade balance - US Unemployment claims - US ISM Manufacturing PMI - CAD Job data - US Average Hourly Earnings - NFP - US Jobless rate
Short
by GoldCartel
7