Posts Tagged by cad
Tightly Wound Pairs and Strong Trends – Which Pairs to Trade? And How?
| July 28, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas, Techncial Analysis Tutorials |
Today I am going to briefly go over a few things to notice in the markets. For those of you who actively trade you will have noticed certain pairs have died – meaning volatility and movement has decreased. Other pairs have been extremely active and have developed strong trends. Certain strategies work during certain types…
USD/CAD Forex Swing Trade – Narrowing Channel
| July 8, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
The USD/CAD forex currency pair is jostling higher in a narrowing channel. This often means a break out and a profitable trade set up. From the chart you can see the current trendlines which have formed, with the internal lines being the minor support and resistance and the outside lines being more important. A break…
USD/CAD Trade – Now Closed
| March 27, 2009 | Posted by admin under Forex Technicals |
The USD/CAD pair closed above the stop level. Positions should have been exited near the close today, as we were about 50 pips above our closing stop level. Trades can also be exited at the open on Sunday night/Monday morning. If for some reason the market gaps below 1.2377 – then a firm stop at…
USD/CAD Trade Update
| March 26, 2009 | Posted by admin under Forex Technicals |
View last post for this trade here: http://vantagepointtrading.com/archives/1071 Original post can be viewed from that post. Entry was at 1.2719 This trade has already realized a 500 pip profit on part of the position. Profit targets hit so far are 1.2430 (a 289 pip profit). We have also hit the target at 1.2200 (a 519…
USD/CAD Forex Swing Trade Signal-Update
| March 9, 2009 | Posted by admin under Forex Technicals |
The pair did make a break above the strong resistance level of 1.3000, but failed to hold above it by the close (24:00 GMT is what I use for daily bars). The upper shadow does show selling pressure, similar to what we saw on the last two attempts at this level. But even though the…
USD/CAD Forex Swing Trade Signal
| March 8, 2009 | Posted by admin under Forex Technicals |
The USD/CAD currency pair has made several attempts to break above the 1.3000 mark. With the first attempt in October of 08, subsequent attempt have been stifled resulting in a pull back from the major resistance level. There is an upwards trend line though and RSI is holding strong in a bullish range. The CAD…
USD/CAD Analysis: Where is it Heading? – Daily Chart
In my last post on the longer term view of this pair, I mentioned that how the pair reacted at 1.0800 would be critical in its longer term movements (this analysis was contributed to ForexPros.com and can be seen under my submitted analysis – My analysis of the eur/usd and usd/jpy can be viewed daily,…