USD/CAD - Page 197 - DailyFX Forex Forum

leithtec · #**2941** (**permalink**) 06-09-2009, 11:21 AM

As Long as this USD/CAD Pair remains below 1.1095 ... more downside can be expected in order to bring Buying Volume in for the next leg up.

leithtec · #**2942** (**permalink**) 06-10-2009, 07:11 AM

Buying should begin to move this USD/CAD Pair Higher as it Trades above 1.0944 & 1.1005 into this Friday. Anything Below 1.0932 is a Sell Signal. I realize that this is a High risk ... counter-intuitive statement ... yet it is a mathematical statement within a 73 pip Range ... manageable for Stop-loss placement.

John Rivera · #**2943** (**permalink**) 06-10-2009, 08:43 AM

Quote:

Originally Posted by leithtec

Buying should begin to move this USD/CAD Pair Higher as it Trades above 1.0944 & 1.1005 into this Friday. Anything Below 1.0932 is a Sell Signal. I realize that this is a High risk ... counter-intuitive statement ... yet it is a mathematical statement within a 73 pip Range ... manageable for Stop-loss placement.

Definitely see upside potential especially if we see a pull back in oil which topped $71 bbl today.

leithtec · #**2944** (**permalink**) 06-10-2009, 10:16 AM

The near-term target for this move to the upside comes in at above 1.1198.

y_2008 · #**2945** (**permalink**) 06-10-2009, 03:58 PM

Daily chart bellow. Once 1.093x is taken, 4th wave might be over.

We are still within the down moving channel.

insider26 · #**2946** (**permalink**) 06-10-2009, 04:33 PM

Deutsche Bank AG, the world’s largest currency trader, predicts the CAD will depreciate to 1.20 in the next three months.

https://www.db-markets.com/portal/ap...ydbm06_page_15

SicPips · #**2947** (**permalink**) 06-10-2009, 08:21 PM

Quote:

Originally Posted by insider26

Deutsche Bank AG, the world’s largest currency trader, predicts the CAD will depreciate to 1.20 in the next three months.

https://www.db-markets.com/portal/ap...ydbm06_page_15

its expected to drop 8+ cents? wow.... i'll be looking out for that

leithtec · #**2948** (**permalink**) 06-10-2009, 11:10 PM

Watching for 1.1023 to Hold as the Low for this USD/CAD Pair ... into Thursday with Decreasing Volume. We've got an interesting confluence of Balance coming into the approaching Summer ... expect some smaller moving Days and drawn out sideways action as this Markets enters into fulfilling a Time requirement ... with eventual 1.1480 and then somewhere around the 1.1650 area as the initial upper Boundary. I'm obviously leaving Time for this Market to be drawn upwards to fulfill an awaited Reaction Swing. Higher Prices maybe easy following ... Decreasing Volume will do this in order to set up Future waiting Orders for a continuing extended Drop. I realize that many people are calling for Higher Oil and a Higher Canadian Dollar now ... consequently causing this USD/CAD Pair to drop ... but I must remain true to my own Analysis ... so if this Pair doesn't Close above 1.1087 Thursday June 11th ... disregard everything I just wrote.

y_2008 · #**2949** (**permalink**) 06-11-2009, 06:07 AM

Long order 1.1027 was taken with s/l 1.0932, hoping to trade wave c within 4th wave. Targeting 1.1460.

John Kicklighter · #**2950** (**permalink**) 06-11-2009, 11:41 AM

Quote:

Originally Posted by insider26

Deutsche Bank AG, the world’s largest currency trader, predicts the CAD will depreciate to 1.20 in the next three months.

https://www.db-markets.com/portal/ap...ydbm06_page_15

I could see that happening.

Perhaps the dollar regains some of its footing as the US economy shows it is emerging from its gloom faster than many of its counterparts (which Volcker and the World Bank are forecasting).

I would say a break above the resistance on the falling trend channel would be a good triggers; but for the next 24 hours, my sights are set on 1.0950. If that gives way, we have a short-term head&shoulders neck break which then targets 1.08.

infinity · #**2951** (**permalink**) 06-11-2009, 12:31 PM

vs all currency

leithtec · #**2952** (**permalink**) 06-11-2009, 10:02 PM

Here's a little sidenote ... this USD/CAD Pair was Trading at the exact same Price as Today on June 12th 2006.

y_2008 · #**2953** (**permalink**) 06-12-2009, 06:47 AM

Very powerful move, 1.1240 now. This could be a turn to move to 1.2 as some people predicted. I exited two positions all at 1.1780, lack of discipline is still my problem. Should have kept one position as planned for 1.1460 target.

Edit: Another count of 4th in the 4h chart

John Kicklighter · #**2954** (**permalink**) 06-12-2009, 11:05 AM

Quote:

Originally Posted by y_2008

Very powerful move, 1.1240 now. This could be a turn to move to 1.2 as some people predicted. I exited two positions all at 1.1780, lack of discipline is still my problem. Should have kept one position as planned for 1.1460 target.

Edit: Another count of 4th in the 4h chart

I agree. I think this could be a confirmation breakout for a reversal. We have had a good period of trend, it evolved into a period of basing congestion, and now we could see the impetus for reversal.

This pull back to former resistance is a good place for entry should we indeed see a changing tide. Small position for me now (so that my stop can be placed below 1.0950) and will add if we get above 1.13.

leithtec · #**2955** (**permalink**) 06-12-2009, 11:08 AM

After Today's Move back above 1.1087 to the 1.1250 Price region ... it "appears" as though the Bulls are back ... confirmation of this will be Today's Close above last Week's Close of 1.1194 ... with the 4H William's %R showing a gradual settling off from the 1.1250 High back down into Tues June 16th ... the Price to beat on the upside will be the June 8th High of 1.1293 ... which may prove challenging ... or not as soon as some would like ... keep in mind that the overall Trend is still Down and this latest upward Climb is a Day late. The 1.1293 High therefore ... currently Rules until breached.