Usd/cad

[jerry11901]

Quote from Ivanovich:

Now that the major downtrend line has been completely removed, it's headed up. We'll see mid 1800's I'm thinking, at which it will be time to start looking short - but only after the election.

What trend line?
The major downtrend line is holding…

 

[The Kin]

long @ .1532

It doesn't get much cheaper than this

 

[Ivanovich]

Quote from jerry11901:

What trend line?
The major downtrend line is holding…

The trendline was at .1720. It was violated. Destroyed is more like it. I cannot see where your line is drawn at (the numbers on the right are not very clear), but my line was calling .1720. Interestingly enough, so was Thompson/IFR and 4cast. Though we were both looking at daily charts, not weekly ones.

 

[Kastro_316]

Ivan, are you long right now?

 

[downrivertrader]

I am long. Scaled in today near the bottom.

 

[Digsyman]

I was very lucky with USDCAD. My long position was succesfully closed at 1.1790.

but I am very surprised with so strong down move to 1.1524 . I suppose the oil prices are the main catalyst.

 

[Ivanovich]

Quote from Kastro_316:

Ivan, are you long right now?

Yep.

 

[The Kin]

added more @ .1495

After the election is over, it should rebound.

 

[Ivanovich]

End of the month energy flows are helping the Loonie at the moment, but these - as they always do - will end before month end.

 

[illiquid]

Quote from The Kin:

added more @ .1495

After the election is over, it should rebound.

why?