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Forex Forum to Share, Discuss, Communicate and Trade Forex • USD CAD trading journal
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Re: USD CAD trading journal

PostPosted: Thu Aug 27, 2015 9:45 am
by Kikizyak
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The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support at the 1.33 level to turn things back around and form a hammer. If we can break above the top of the hammer, we feel that the market should continue to go higher, perhaps reaching towards the 1.35 level.

Re: USD CAD trading journal

PostPosted: Fri Aug 28, 2015 5:17 pm
by Kikizyak
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The price has consolidated after the test of the inclined 1.3140 support, so we’ll be expecting the rebound up towards the next targets at 1.3215, 1.3290, 1.3355.

Re: USD CAD trading journal

PostPosted: Sun Aug 30, 2015 6:24 pm
by Kikizyak
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The USD/CAD pair tried to rally during the course of the session on Friday but turned back around to form a massive shooting star. The shooting star of course suggests that the market is going to continue to drop from here but with that being the case we only look for supportive action below. After all, the 1.30 level is the beginning of significant support that should elevate this market given enough time.

Re: USD CAD trading journal

PostPosted: Sun Sep 06, 2015 2:36 pm
by Kikizyak
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In the bigger picture, up trend from 0.9406 is still in progress. We'll remain cautious on medium term topping between 1.3063 and 61.8% retracement of 1.6196 to 0.9056 at 1.3469. Though, there is no clear sign of trend reversal yet. And sustained trading above 1.3469 will pave the way to 138.2% projection of 0.9056 to 1.3063 from 0.9406 at 1.4944.

Re: USD CAD trading journal

PostPosted: Mon Sep 21, 2015 5:41 pm
by Kikizyak
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The RSI is well directed. Long positions above 1.316 with targets @ 1.325 & 1.331 in extension.

Re: USD CAD trading journal

PostPosted: Tue Sep 22, 2015 2:50 pm
by Kikizyak
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Intraday bias in USD/CAD remains neutral for the moment. Price actions from 1.3353 is still viewed as a consolidation pattern. And, as long as 1.2951 support holds, further rally is still expected.

Re: USD CAD trading journal

PostPosted: Wed Sep 23, 2015 3:57 pm
by Kikizyak
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The USD/CAD pair had a slightly positive session during the day on Tuesday, as we continue to press upon the 1.3350 level. This is an area that if we can get above, should signal the next leg higher. At that point time, we would anticipate seeing this pair go to the 1.35 handle, and as a result we are bullish. We believe that there is a massive amount of support all the way down to at least the 1.30 level below, so we have no interest in selling this market as the US dollar is without a doubt one of the strongest currencies right now.

Re: USD CAD trading journal

PostPosted: Fri Sep 25, 2015 5:21 pm
by Kikizyak
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The shooting star of course is a very negative candle, and as a result we feel that the market may pull back. A pullback at this point in time should be a buying opportunity though, as the market seems very likely to reach towards the 1.35 handle. We have no interest in selling this market

Re: USD CAD trading journal

PostPosted: Thu Nov 19, 2015 5:36 pm
by Kikizyak
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The USD/CAD pair initially fell during the day on Wednesday but turned back around to show strength yet again. We believe that this market will continue to reach towards the 1.3450 level, so we are buyers. We believe that we will also break above there, so given enough time this is a longer-term “buy-and-hold type of situation. Having said that though, this pair does tend to be choppy, and as a result you will have to be very patient in order to collect your profits. We have no interest whatsoever in selling this market right now.

Re: USD CAD trading journal

PostPosted: Fri Nov 20, 2015 5:15 pm
by Kikizyak
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Our preference: Short positions below 1.334 with targets @ 1.325 & 1.3225 in extension.Alternative scenario: Above 1.334 look for further upside with 1.337 & 1.34 as targets.Comment: The RSI is badly directed.