I hold a bearish position for the USDCAD and look forward to his return to the region of C $ 1.2720. The Bank of Canada continues to take a cautious stance, promising an increase in the rates of "over time". In good condition, an average of 0.07% in April and 0.27% by July). I am waiting for the fall of the US-Canada bonds and the USDCAD decline in this medium term. The bullish momentum is weakening, and the DMI indicators confirm a probable change of trend. Within the last wave of growth, the pair rested on the most important resistance C$1.2950 and could not break above. On the 4-hour chart, a double top was formed, the technical realization of which is the area C$1.2720.
As of information Purposes Only - UsdCad Pair - Is at UpTrending Phase certainly up until 1.5000 Level its at H4 Chart Breakout Trend High - Its a slow mover for now anyway this may just be the result through the Uptrend Cycle.
Back from the dead. And a long sail around Florida. Did the cranium some good to not watch the market for awhile. Gold finally broke just on the Asia open--shorted Kiwi at .72 even. Everything lining up for some blood letting in equities. Should see continued pressure up on dollar. That was a pretty big failure all around equities, currencies, gold finally. Caught first part of move down in Euro but closed above 1.2320 as I thought Friday would be the usual chop. Anyway glad to see some new posts. . .
Looking for the Euro to be the last man standing here. Should be continuing pressure in the crosses. Would expect some volatility in GBP.
I was wondering....anyways welcome back. My hunch is USD gonna fall very shortly, everything I look at is pointing in that direction. Gold according to me will rise Monday USA time.