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Blog 11/7: USDCAD falling too fast!

Haynes6EU Posted 11 July  in #Trader's blog #CAD #Usdcad #Loonie
Hi Traders,
The pair USDCAD is falling to fast about 1000 pips within two months. There are some major fundamental data this week: BOC monetary policy meeting and US CPI. It could be time for bear to take huge profit. There isn't still a signal for buyer yet, so it may too early to buy this pair again, I will wait a singal that bear take profit to follow later.
Good luck to all traders
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Blog 8/6: BUY GBP/CAD

Haynes6EU Posted 8 June  in #Trader's blog #Pound #Loonie #Gbpcad
Hi Traders,
The daily chart of GBP/CAD shows price just break to upsdie. I expect that momentum may continue and GBP will be stronger after UK Parliamentary Elections today. On technical view shows that price already back to trend up.
Good luck
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Blog 18/5: Sell GBP and buy CAD

Haynes6EU Posted 18 May  in #Trader's blog #GBP #CAD #Pound #Loonie #Gbpcad
HI Traders,
The crossed pair GBPCAD has rallied quickly from 1.65 to 1.78 for a short time. I expect it's time for correction in few weeks ahead UK general election on 8th of June. Increasing of oil prices also support for bull to hold buy CAD in short-term. I prefer to sell on rally. Let's see the daily chart below:
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Blog 12/5: Sell EURCAD to 1.46

Haynes6EU Posted 12 May  in #Trader's blog #CAD #Loonie #Eurcad
Hi Traders,
The crossed pair EURCAD had risen rapidly because speculators have opposite fundamental perception between EUR vs CAD (politics event in EU and Oil price falling). But it seems that stopped and it's time for correction. I setup a sell order at 1.489 and my target is 1.46. let's see the chart:
Good luck
Haynes6EU
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Blog 11/5: USDCAD fail to go higher! Bearish correction?

Haynes6EU Posted 11 May  in #Trader's blog #CAD #Usdcad #Loonie
HI Traders,
USDCAD fail to go higher three times. I think it's time for bearish correction now. CAD will recover it's loss with the same way of recovery of oil prices. Let's see H4 chart for detail:
Good luck
Haynes
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Blog 9/5: Continue to sell commodity currencies- buy USDCAD

Haynes6EU Updated 9 May  in #Trader's blog #CAD #Usdcad #Loonie #Commodity Currencies
Hi Traders,
Although on small time-frame USDCAD shows prices adjust retracement. I think that could be chance to go buy on longer-timeframe. So I setup a buy limit order to join the market. I expect prices will go higher 1.38.
Thank and Best Regards,
Haynes6EU
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USDCAD - Buy setup as expect another bullish week

Haynes6EU Posted 1 May  in #Trader's blog #CAD #Usdcad #Commodity Dollar #Loonie
Hi Traders,
The weekly chart of USDCAD shows price break out to upside. I expect momentum will continue this week and we have another bullish week for USDCAD. So I setup a buy limit order at lower price. Look at the chart below:
Good luck to all traders
Haynes6EU
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USDCAD - Up-trend for this pair!

Haynes6EU Posted 30 Apr. as Analysis on USD/CAD, Target: 1.3828, Date: 1st of June, 12:00 GMT  in #Technical analysis #CAD #USD #USD/CAD #Usdcad #Commodity Dollar #Loonie
Hi community members,
Background for the technical contest base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: weekly chart shows price just break and stand above resistance level 1.36. It could be a buy signal for price continue go up in some weeks ahead.
Daily chart: Price is finding a new balance area. Base on fibonacci level, I chose 1.383 level…
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Haynes6EU 4 May

Update 1: We have another bullish week, price break above 1.37 and stand stable on it. I expect commodity currency such as AUD, CAD, NOK ... are weak followed by decreasing price of oil or copper. I don't think that price will be stopped at here, it could go up futher upto 1.38 or 1.39

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Haynes6EU 8 May

Update 2: last week was a doji candle weekly chart. Prices increased at the begin and deacreased at the end of last week. That's price action. If prices continue to go down, 1.358 level will be good level for buy entry.

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Haynes6EU 15 May

Update 3: The H4 and daily chart show supply power stable above 1.37 and it could be signal of bearish correction for USD/CAD. Prices is falling as of writing at 1.363 and finding demand at low prices level. I think that 1.355~1.358 could be demand area and prices can stable at this area. I still expect uptrend for long-term.

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Multi-Decade Range in AUD/CAD to Continue

fxsurprise8 Posted 31 Dec. as Analysis on AUD/CAD, Target: 0.9686, Date: 1st of February, 12:00 GMT  in #Technical analysis #AUD #CAD #AUD/CAD #Aussie #Range #Loonie #Range Bound #Range Box #Congestion
In trading you learn early that history matters. Both the Aussie and the Loonie are commodity currencies. Commodities tend to rally or fall together in giant super-cycles. So more often then not, if the AUD is under pressure so will be the CAD, leading to ranges between the two. The first chart below demonstrates this clearly.
On the second chart we see that the post-US election rally has completely reversed with the pair surrendering almost of gains.
Because all of the above I think that the AU…
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AUD/CAD Little Changed in Decades

fxsurprise8 Posted 30 Sep. as Analysis on AUD/CAD, Target: 1.0048, Date: 1st of November, 12:00 GMT  in #Technical analysis #AUD #CAD #AUD/CAD #Aussie #Australian Dollar #Canadian Dollar #Loonie #Range Bound #Range Box
The AUD/CAD is trading little changed in decades, as you can see on our first chart below. There is a fundamental reason for this, both the Aussie and the Loonie are commodity currencies. Commodities tend to rally or fall together in giant super-cycles. So more often then not, if the AUD is under pressure so will be the CAD, leading to no major price move against each other.
But let's drill down a bit. On our next chart below we can see what has been happening inside that small rectangle marked …
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