Usd/cad

ellioticians are gonna love this set up...nice 3rd wave rally setting up on usdcad - trendline resistance which is now support at 1.17 - i say buy and buy heavy..every currency has gotten in trouble against the usd aside from cad (because of natural gas and oil prices). But i think at this point its safe to assume that most of it is now priced into usdcad and we should see a significant rally if not an end to the downmove.
anyone disagrees?
also 4hrly emas (17 and 33) seem to have crossed up for the first time since august
 
I've HAVE been buying and buying heavy. I've made a killing on this pair in the last few weeks, with today being one of the biggest days of all.

Please, folks. Continue to sell the pair while I buy. You're paying for my future children's college fund.

At Harvard.
 
Shoulda bought at the bottom of the channel. I just got in at .1720. Moderately, not heavy as the channel is under attack. But no worries, it'll go back up again. Plus, can you see the bullish inverted hammer? :)
 
Just noticed your thread. I guess because I am in heavy too.
I believe CAD cannot get much stronger , but technically speaking USD/CAD has not behaved as strongly as other pairs.
But we will see, I am hoping for 1.20-1.23 area soon. Hoping is underrated.
 
Depends on what you consider soon. It'll be back around, though "soon" is a relative term.

Regardless, here's a hint: At the end of the month, CAD tends to get in demand as oil and gas payments come due. It's a good time to get long USD.
 
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