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CADJPY – Looking for longs, clear bullish condition

The CADJPY is one of the crosses with the clearest market conditions today, yesterday it broke through an important resistance level and it looks like it will continue its way up: As long as the CADJPY keeps trading above 82.98 I’ll be looking for long opportunities. What do you think about this one? Trade Safe!

Here is a trade in the CADCHF we did earlier today

CADCHF is trading in a clear bullish condition, last Monday it broke through an important LT resistance level: Here are the details of my trade: Entry: 0.8664 SL: 0.8611 TP: 0.8836 Trade Safe! Raul Lopez Forex Course

Loonie Lower On CPI Miss!

CPI data came in lower than expected in Canada, which is a good thing if you are a Canadian citizen, but not so great if you are a Loonie bull!  Core CPI came in at 1.3% vs. an expectation of 1.9%, with the headline figure at 3.1% vs. an expected 3.6%. This means that inflation […]

Bank Of Canada Leaves Rates Unchanged!

The Bank of Canada left interest rates unchanged at 1%, but its hawkish statement has the market believing that a rate hike could be forthcoming at next policy meeting in September. The Loonie strengthened vs. USD as the word “eventually” was dropped from the polciy statement with regard to their next move.

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

USDCHF USDCHF closed @ 8305 which was BELOW the open and breached the previous day’s low. The High was PRECISELY at Precise Trader’s Res Tgt 1 and the Low was 5 pips from Precise Trader’s Sup Tgt 2.   The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to […]

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

WebFX2_12Jul11USDCHF USDCHF closed @ 8360 which was BELOW the open and was within prior day’s trading range. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Zone 1.   The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls […]

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

USDCHF USDCHF closed @ 8365 which was BELOW the open and breached the previous day’s low. The High was 10 pips from Precise Trader’s Hrly Level and the Low was PRECISELY at Precise Trader’s Sup Tgt 2.   The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to […]

Loonie Sells Off On Rotten NFP!

The Canadian dollar (Loonie) started off the morning feeling pretty good about itself after the Canadian employemnt report came in showing better than expected job creation, with a gain of 28.5K jobs.  However, this got derailed and blindsided by the US NFP report which showed a dismal gain of 18K jobs, which was less than […]

USD/CAD Signals Bearish Continuation with Downside Channel Breakout

The USD/CAD is seen in the 1H chart breaking below a rising channel. Note that the RSI never sustained a break above 60. If it falls back below 40, it is a good sign that the bearish momentum is returning, as it never left. The RSI reading also shows a negative reversal, where there is a higher RSI high, but a lower price high, suggesting a swing projection towards 0.9563 in the very short-term…

Loonie to strengthen further vs. USD!

Is today’s price action and Dollar strength vs. the Loonie just a temporary “dead-cat bounce”, or is the Dollar set to reverse and move higher?  

Trading Week Outlook: Jul. 4 – Jul. 8

Will the European Central Bank hike rates and can the U.S. labor market make up for the disappointingly low job creation in May will be the main questions on traders’ minds, as the ECB monetary policy meeting and the U.S. Non-Farm Payrolls report take the center stage in a holiday-shortened but busy week ahead. In […]

Trading Week Outlook: Jun. 27 – Jul. 1

The week ahead will be crucial for the future fate of the euro as all eyes turn to the vote by the Greek Parliament on the new austerity package and the efforts of EU leaders to avert the first default of a sovereign nation since the creation of the Euro-zone. In preparation for the new […]

USD/CAD is Maintaining Short-term Bullish Momentum after an AB=CD Retracement

The USD/CAD is in an ab=cd correction after completing a bullish swing projection. The RSI again fails to break above 70, reflecting a choppy uptrend. An uptrend should respect the 50% retracement level as it has. The structure also has potential to develop bullish impulse waves. The upside target is limited to the 0.9970-1.0 (parity) resistance cluster…

USD/CAD Resumes Correction Towards Parity After Shakeout

The USD/CAD was seen in a declining wedge earlier in the week as it was in its 5th wave, or wave e. Within the wedge context, the decline actually was a throw-over breaking to the downside of the wedge. This turned out to be a shake-out and a bear trap. The USD/CAD has been making higher lows, and if you look at May’s lows, this June low is again higher…

USD/CAD Could be Completing a Wedge; Swing Projection Targets 0.99

The USD/CAD has been consolidating what appears to be a declining wedge. The RSI in the 4H chart is stuck between 60 and 40, reflecting congestion. That means the market has no direction. However, we see that the wedge is in a wave e, the 5th and conventionally counted as a possible final leg to this pattern…

Will USD/CAD Extend its Bearish Breakout after the BoC Statement?

As the Bank of Canada prepares to announce its interest rate policy, the market has already broken below a range roughly between 0.9750 and 0.9815. The breakout to the downside is now seeing some support as we head into the US session. The 1H RSI shows bearish momentum established in the very short-term. The current rally that started in the European session can extend towards…

This Stock Indicates Commodity Weakness Ahead

Everyone knows that stocks are leading indicators. In other words, they tend to antecipate future events. Right now, there’s one stock that’s saying commodities still have more downside risk.

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