USD/CAD at the Crossroads

[DannyBly]

Looking at USD/CAD, we can see a major bullish SMA crossover on the daily (50 SMA crossing 200 SMA). Price is trading within a major symmetrical triangle, and the minor symmetrical triangle within it provides near resistance to the upside. Momentum reflected in RSI remains on the gate, modestly bullish (around 50 and flatish) Further selling and confirmation of a top in crude will put further pressure on the CAD and bolster the case for a major bullish trend change in USD/CAD.

Analysis By TradersLog.com

 

[baiyee]

aku lebih suka main trade usdjpy..senang ckit nk target...

 

[baiyee]

Looking at USD/CAD, we can see a major bullish SMA crossover on the daily (50 SMA crossing 200 SMA). Price is trading within a major symmetrical triangle, and the minor symmetrical triangle within it provides near resistance to the upside. Momentum reflected in RSI remains on the gate, modestly bullish (around 50 and flatish) Further selling and confirmation of a top in crude will put further pressure on the CAD and bolster the case for a major bullish trend change in USD/CAD.

Analysis By TradersLog.com

macm mana kau main forex ok ker???

 

[MDunleavy]

USD/CAD's fall extends further today and at this point, intraday bias remains on the downside as long as 1.1469 minor resistance holds. As discussed before, a short term top is formed at 1.1723 after USD/CAD formed a small diagonal triangle with bearish divergence condition in 4 hours MACD and RSI. Deeper decline should be seen that send USD/CAD through 38.2% retracement of 1.3063 to 1.0784 at 1.1655. Nevertheless, fall from 1.1723 is viewed as a correction to rise from 1.0784 only and hence, downside is expected to be contained by 1.0940/1289 support zone, probably by 61.8% retracement at 1.1143 to complete the correction. On the upside, above 1.1469 will turn intraday outlook neutral first but break of 1.1723 high is needed to confirm rally resumption. Otherwise, consolidation is still in progress..
[actionforex.com]
Trade Idea: USDCAD - Sell at 1.1380

 

[MDunleavy]

The forecast confirmed.

 

[MDunleavy]

USD/CAD Weekly Outlook

USD/CAD Weekly Outlook
USD/CAD's sharp fall extended continued last week and dropped to as low as 1.0793, inch above 1.0784 support. Initial bias will remain on the downside this week as long as 1.0923 minor resistance holds. As discussed before, decline from 1.1723 is now treated as resumption of the whole fall from 1.3063 and break of 1.0784 will target 61.8% retracement of 0.9056 to 1.3063 at 1.0587 next. On the upside, above 1.0923 will turn intraday outlook neutral and bring consolidation first. But recovery is expected to be limited by 1.2230 resistance and bring fall resumption.
[actionforex.com]

 

[MDunleavy]

USD/CAD once again fails below 1.1123 resistance and retreated. Break of 1.1004 minor support turns intraday outlook neutral again. On the downside, further break of 1.0870 minor support will flip intraday bias back to the downside for 1.0718 support. As noted before, break there will indicate that price actions from 1.0631 are merely consolidation in the larger decline, which is still in progress for another low below 1.0631 before completion. On the upside, break of 1.1123 resistance will confirm that whole rally from 1.0631 has resumed and affirm the case that USD/CAD has indeed bottomed out already. In such case, stronger rise should be seen to 1.1723 resistance next.[actionforex]

Trade Idea: Buy UsdCad

P&F USDCAD5 Box Size 10X3 or(0.27%) HI/LO
Data 1.1101 - 1.0791 ~ 0 Month ~ 7.27 Day
Database 1508 records 1.10269 (Last Close)
2009-08-28 00~50
2009-09-04 07~25 (GMT+01:00) Paris

BJF Trading Group

1.1110|~1O|||__________________________________________________________________|-0.08%|2.96%
1.1100|~2O|||==========================================x=======================|0.01%|2.86%
1.1090|~3O|||______________x___________________________x_o_x___________________|0.1%|2.77%
1.1080|~4O|||______________x_o_________________________x_o_x_o_________________|0.19%|2.68%
1.1070|~5O|||______________x_o_________________________x_o_x_o_x___x___x_______|0.28%|2.59%
1.1060|~6O|||______________x_o_____________________x___x_o_x_o_x_o_x_o_x_o_____|0.37%|2.49%
1.1050|~7O|||______________x_o_________________x___x_o_x_o___o_x_o_x_o_x_o_x___|0.46%|2.4%
1.1040|~8O|||______________x_o_________________x_o_x_o_x_____o_x_o_x_o___o_x_o_|0.55%|2.31%
1.1030|~9O|||______________x_o_________________x_o_x_o_x_____o___o_x_____o_x_o_|0.64%|2.21%
1.1020|~1OO||==============x=o=================x=o===o=x=========o=x=====o===o=|0.73%|2.12%
1.1010|~11O||______________x_o_x_______________x_____o___________o_x___________|0.82%|2.03%
1.1000|~12O||______________x_o_x_o_____________x_________________o_x___________|0.91%|1.94%
1.0990|~13O||______________x_o_x_o_________x___x_________________o_x___________|1%|1.84%
1.0980|~14O||______________x_o___o_________x_o_x_________________o_x___________|1.09%|1.75%
1.0970|~15O||==============x=====o=x===x===x=o=x=================o=============|1.18%|1.66%
1.0960|~16O||______________x_____o_x_o_x_o_x_o_x_______________________________|1.27%|1.57%
1.0950|~17O||__________x___x_____o_x_o_x_o_x_o_x_______________________________|1.36%|1.47%
1.0940|~18O||__________x_o_x_____o___o_x_o___o_x_______________________________|1.45%|1.38%
1.0930|~19O||______x___x_o_x_________o_x_____o_x_______________________________|1.54%|1.29%
1.0920|~2OO||______x_o_x_o_x_________o_x_____o_x_______________________________|1.63%|1.2%
1.0910|~21O||______x_o_x_o___________o_x_____o_________________________________|1.72%|1.1%
1.0900|~22O||______x_o_______________o_x_______________________________________|1.81%|1.01%
1.0890|~23O||______x_________________o_x_______________________________________|1.9%|0.92%
1.0880|~24O||o=====x=================o=========================================|1.99%|0.82%
1.0870|~25O||o_____x___________________________________________________________|2.08%|0.73%
1.0860|~26O||o_____x___________________________________________________________|2.17%|0.64%
1.0850|~27O||o_x___x___________________________________________________________|2.26%|0.55%
1.0840|~28O||o_x_o_x___________________________________________________________|2.35%|0.45%
1.0830|~29O||o_x_o_x___________________________________________________________|2.44%|0.36%
1.0820|~3OO||o_x_o_x___________________________________________________________|2.53%|0.27%
1.0810|~31O||o_x_o_____________________________________________________________|2.62%|0.18%
1.0800|~32O||o=================================================================|2.71%|0.08%
1.0790|~33O||__________________________________________________________________|2.8%|-0.01%
Column|~34O||9_5_4_123_5_4_18113_7_3_9_9_3_5_8_143_4_5_9_5_4_6_4_10103_3_5_3_3_|
Count

PDF

 

[MDunleavy]

USDCAD 20 Years. Chart.

The Dollar versus Loonie pair surged to the upside to breach the key resistance at 1.0765 and halt at the 61.8% correction to record a similar top to the one seen earlier on September 21, which may be the beginning of the formation of a bearish technical patter with a neckline at 1.0675. From here we expect the pair to decline on the intraday basis; targeting the neckline, where the overbought signals on the stochastic indicator are supporting our overview as far as 1.0990 is intact.

The trading range for today is among the key support at 1.0400 and the key resistance at 1.1040

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300 [actionforex]

"P&F USDCAD5 Box Size 10X3 or(0.28%) HI/LO
Data 1.0991 - 1.0671 <Month ~ 7.25 Day
Database 1500 records 1.07958 (Last Close)
2009-09-25 16~55
2009-10-02 22~55 (GMT+01:00) Paris
BJF Trading Group"

1.1000|~1O|||_______________________________________|-0.08%|3.08%
1.0990|~2O|||___X___________________________________|0.01%|2.99%
1.0980|~3O|||___XoX_________________________________|0.1%|2.9%
1.0970|~4O|||___XoXo________________________________|0.19%|2.8%
1.0960|~5O|||___XoXo________________________________|0.28%|2.71%
1.0950|~6O|||___Xo_o________________________X_______|0.37%|2.61%
1.0940|~7O|||_X_X__o________________________Xo______|0.46%|2.52%
1.0930|~8O|||_XoX__o________________________XoX_____|0.55%|2.43%
1.0920|~9O|||_XoX__o________X_____________X_XoXo____|0.65%|2.33%
1.0910|~1OO||_Xo___o______X_XoX___________XoXoXo____|0.74%|2.24%
1.0900|~11O||_X____o______XoXoXo__________XoXoXo____|0.83%|2.15%
1.0890|~12O||_X____oX_X_X_XoXoXo__________Xo_o_o____|0.92%|2.05%
1.0880|~13O||oX____oXoXoXoXoXo_o__________X____o____|1.01%|1.96%
1.0870|~14O||o_____oXoXoXoXo___o__________X____o____|1.1%|1.86%
1.0860|~15O||______oXoXoXo_____o__________X____o____|1.19%|1.77%
1.0850|~16O||______oXoXo_______o________X_X____o__X_|1.28%|1.68%
1.0840|~17O||______o_oX________o________XoX____oX_Xo|1.37%|1.58%
1.0830|~18O||________oX________o________XoX____oXoXo|1.46%|1.49%
1.0820|~19O||________oX________o________Xo_____oXoXo|1.56%|1.4%
1.0810|~2OO||________oX________o________X______o_oXo|1.65%|1.3%
1.0800|~21O||________o_________o________X________oXo|1.74%|1.21%
1.0790|~22O||__________________oX_______X________o__|1.83%|1.12%
1.0780|~23O||__________________oXo______X___________|1.92%|1.02%
1.0770|~24O||__________________oXo______X___________|2.01%|0.93%
1.0760|~25O||__________________oXo______X___________|2.1%|0.83%
1.0750|~26O||__________________oXo______X___________|2.19%|0.74%
1.0740|~27O||__________________oXoX_X_X_X___________|2.28%|0.65%
1.0730|~28O||__________________oXoXoXoXoX___________|2.37%|0.55%
1.0720|~29O||__________________o_oXoXoXoX___________|2.47%|0.46%
1.0710|~3OO||____________________oXo_oXo____________|2.56%|0.37%
1.0700|~31O||____________________oX__oX_____________|2.65%|0.27%
1.0690|~32O||____________________oX__o______________|2.74%|0.18%
1.0680|~33O||____________________o__________________|2.83%|0.08%
1.0670|~34O||_______________________________________|2.92%|-0.01%
Column|~35O||273843159944354543171633553131366413565|
Count|~36O|||______4___________9_1______4_O____2_____




PDF

 

[MDunleavy]

USD/CAD's rise from 1.0205 extended further to as high as 1.0846 last week and closed strongly. Initial bias will remains on the upside this week and further rise should be seen to 1.1123 resistance next. On the downside, below 1.0652 support will indicate that a short term top might be in place and bring pull back. But downside is expected to be contained well above 1.0205 low and bring rally resumption.[actionforex]



Excel_091101_usdcad_60min.zip

 

[MDunleavy]

USD/CAD Daily Outlook
Intraday bias in USD/CAD remains on the downside with 1.0532 minor resistance intact. Correction from 1.0851 is still in progress for 100% projection of 1.0851 to 1.0416 from 1.0748 at 1.0313. But downside should be contained above 1.0205 low to conclude the correction. On the upside, above 1.0532 will turn intraday bias neutral first and turn focus back to 1.0748 resistance instead.[actionforex]

"P&F USDCAD1440 Box Size 225X3 or(5.38%) HI/LO
Data 1.6054 - 0.9056 ~ 91 Month ~ 2772 Day
Database 1974 records 1.05026 (Last Close)
2002-05-01 00~00
2009-12-02 00~00 (GMT+01:00) Paris
BJF Trading Group chart"

1.6200|~225||________________________________________|-0.91%|78.89%
1.5975|~45O||x_______________________________________|0.49%|76.4%
1.5750|~675||x_o_____________________________________|1.89%|73.92%
1.5525|~9OO||x_o_____________________________________|3.3%|71.43%
1.5300|~1125|x_o_____________________________________|4.7%|68.95%
1.5075|~135O|__o_____________________________________|6.1%|66.46%
1.4850|~1575|__o_____________________________________|7.5%|63.98%
1.4625|~18OO|__o_____________________________________|8.9%|61.5%
1.4400|~2O25|__o_____________________________________|10.3%|59.01%
1.4175|~225O|__o_x___________________________________|11.7%|56.53%
1.3950|~2475|__o_x_o_x_______________________________|13.11%|54.04%
1.3725|~27OO|__o_x_o_x_o_____________________________|14.51%|51.56%
1.3500|~2925|__o___o_x_o_____________________________|15.91%|49.07%
1.3275|~315O|______o_x_o_____________________________|17.31%|46.59%
1.3050|~3375|______o_x_o_____________________x_______|18.71%|44.1%
1.2825|~36OO|______o___o_________x___x___x___x_o_____|20.11%|41.62%
1.2600|~3825|__________o_x_______x_o_x_o_x_o_x_o_____|21.51%|39.13%
1.2375|~4O5O|__________o_x_o_____x_o_x_o_x_o_x_o_____|22.92%|36.65%
1.2150|~4275|__________o_x_o_____x_o_x_o___o_x_o_____|24.32%|34.17%
1.1925|~45OO|__________o___o_____x_o_x_____o___o_____|25.72%|31.68%
1.1700|~4725|______________o_x___x_o_x_________o_x___|27.12%|29.2%
1.1475|~495O|______________o_x_o_x_o___________o_x_o_|28.52%|26.71%
1.1250|~5175|______________o_x_o_x_____________o_x_o_|29.92%|24.23%
1.1025|~54OO|______________o___o_x_____________o_x_o_|31.33%|21.74%
1.0800|~5625|__________________o_x_____________o___o_|32.73%|19.26%
1.0575|~585O|__________________o_x_________________o_|34.13%|16.77%
1.0350|~6O75|__________________o_x_________________o_|35.53%|14.29%
1.0125|~63OO|__________________o_x___________________|36.93%|11.8%
0.9900|~6525|__________________o_x___________________|38.33%|9.32%
0.9675|~675O|__________________o_x___________________|39.73%|6.84%
0.9450|~6975|__________________o_x___________________|41.14%|4.35%
0.9225|~72OO|__________________o_____________________|42.54%|1.87%
0.9000|~7425|________________________________________|43.94%|-0.62%
Column|~765O|4_113_6_5_9_3_7_3_11166_6_3_3_4_5_104_6_|
Count




BJF-Trading-Group-USDCAD_H4and30min.xls