Hi guys, I think very good opportunity to short this pair. Looks like false breakout from channel. DXY is on the top and ready for the pull back. Oil is bounced back despite reserve release from the group of the countries (USA, JAPAN, INDIA..). My tp is around 1.25-1.255. 1.26 is also a solid area to close this position. Good luck.
Hi guys, a few thoughts about USDCAD. Since my last published idea, nothing changed much. I bought some dips at 1.2525 and closed some long positions that I opened higher during the most recent move to 1.276. Also, I managed to open a few short positions at 1.27 and 1.275, but not big ones, since I'm more bullish on this pair in mid and long term. As of today, I...
Hi guys, a few thoughts about USDCAD. This pair reached my entrance area 1.265-1.26 and I opened several long positions. Due to severe volatility I have opened more short positions (than I planned) and closed them at 1.265. As you see on my chart, I anticipate a bullish continuation from this pair and the only way I will change my opinion is going below 1.23....
Hi guys, a few thoughts about USDCAD. I have reached my target 1.28, long positions were closed. I still see this pair bullish in mid-long term, but for now I think we will go to supply zone around 1.265-1.26. Also, we could break down to 1.25-1.243, but it is less likely. I have opened some short positions, however I'm planning to buy this pair aggressively at...
Hello traders, a few thoughts on this pair. As I anticipated in my previous analysis, this pair is drifting between 1.23-1.26 for now. I have opened several long positions already and closed all shorts. It looks like this pair is in process of accumulation for next move to 1.28. From fundamental perspective, I don't see any signs to be bearish about this pair,...
Hi guys, USDCAD is on its way to 1.25. As you see from my chart, I expect this pair to stuck in range between 1.265 and 1.23. I'm personally starting to buy this pair from 1.25 to 1.23, it will probably take 1 month from now to reach 1.23. The FED is still dovish and acting in favor of more risky assets, so in short and mid term, I am more bullish about CAD. It...
Hi guys, so situation changed a little bit, however in long perspective nothing changed much. As I mentioned earlier, oil pushed this pair higher than 1.265 and fears regards Delta Covid-19 helped in that as well. I opened several short positions at 1.265 and 1.28. I anticipate a pull back to 1.25 and to 1.24 after. The best entrance is 1.23, but it will be hard...
Hi guys, wanted to share a few thoughts about Bitcoin. I think you all noticed how Bitcoin failed to be reserve currency for now and it is definitely aligned with all assets that are labeled as "riskier'. Reaction on inflation talks is supporting that idea as well. So, I anticipate hard time for crypto market after tapering the economy that will happen sooner or...
Hi guys, we are reaching 1.264-1.265 soon. I assume, we will see a lot of choppy market around mentioned area. My TP is around 1.264, after reaching this significant resistance, I think we will go down to 1.235 area. FEDs are still very dovish and I don't see any catalyst, for at least next month, to push this pair higher. Moreover, I expect more action from BOC...
Hi guys, it looks like we are heading to 1.26200-1.26500. This is my TP. I expect very choppy market after reaching this resistance. I think that uncertainty with OPEC, possible raising rates with Bank of Canada and Fed will result a lot of moves back and forth in next 1-2 months. My strategy is to buy dips and close some shorts positions on mentioned moves....
As I mentioned before, I was very bullish about this pair. I closed several longs at 1.24600, as well as short trade from the mentioned price. Now I'm expecting accumulation between 1.23-1.223 and final push up from this downward channel. I will also add some more shorts later at 1.262, since I'm expecting some retracement to 1.246 before going higher....
After this pair reached $43000, I am expecting it to visit $41000. This is very important last stand area. If this pair will manage go below, I will open short position on the pull back. However, before that I consider only to buy this pair after reaching mentioned $41000.