Community
Blog
Haynes6EU's Blog

Haynes6EU's Blog

Avatar

Blog 11/7: USDCAD falling too fast!

Haynes6EU Posted 11 July  in #Trader's blog #CAD #Usdcad #Loonie
Hi Traders,
The pair USDCAD is falling to fast about 1000 pips within two months. There are some major fundamental data this week: BOC monetary policy meeting and US CPI. It could be time for bear to take huge profit. There isn't still a signal for buyer yet, so it may too early to buy this pair again, I will wait a singal that bear take profit to follow later.
Good luck to all traders
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Blog 18/5: Sell GBP and buy CAD

Haynes6EU Posted 18 May  in #Trader's blog #GBP #CAD #Pound #Loonie #Gbpcad
HI Traders,
The crossed pair GBPCAD has rallied quickly from 1.65 to 1.78 for a short time. I expect it's time for correction in few weeks ahead UK general election on 8th of June. Increasing of oil prices also support for bull to hold buy CAD in short-term. I prefer to sell on rally. Let's see the daily chart below:
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Blog 12/5: Sell EURCAD to 1.46

Haynes6EU Posted 12 May  in #Trader's blog #CAD #Loonie #Eurcad
Hi Traders,
The crossed pair EURCAD had risen rapidly because speculators have opposite fundamental perception between EUR vs CAD (politics event in EU and Oil price falling). But it seems that stopped and it's time for correction. I setup a sell order at 1.489 and my target is 1.46. let's see the chart:
Good luck
Haynes6EU
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Blog 11/5: USDCAD fail to go higher! Bearish correction?

Haynes6EU Posted 11 May  in #Trader's blog #CAD #Usdcad #Loonie
HI Traders,
USDCAD fail to go higher three times. I think it's time for bearish correction now. CAD will recover it's loss with the same way of recovery of oil prices. Let's see H4 chart for detail:
Good luck
Haynes
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Blog 9/5: Continue to sell commodity currencies- buy USDCAD

Haynes6EU Updated 9 May  in #Trader's blog #CAD #Usdcad #Loonie #Commodity Currencies
Hi Traders,
Although on small time-frame USDCAD shows prices adjust retracement. I think that could be chance to go buy on longer-timeframe. So I setup a buy limit order to join the market. I expect prices will go higher 1.38.
Thank and Best Regards,
Haynes6EU
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USDCAD - Buy setup as expect another bullish week

Haynes6EU Posted 1 May  in #Trader's blog #CAD #Usdcad #Commodity Dollar #Loonie
Hi Traders,
The weekly chart of USDCAD shows price break out to upside. I expect momentum will continue this week and we have another bullish week for USDCAD. So I setup a buy limit order at lower price. Look at the chart below:
Good luck to all traders
Haynes6EU
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USDCAD - Up-trend for this pair!

Haynes6EU Posted 30 Apr. as Analysis on USD/CAD, Target: 1.3828, Date: 1st of June, 12:00 GMT  in #Technical analysis #CAD #USD #USD/CAD #Usdcad #Commodity Dollar #Loonie
Hi community members,
Background for the technical contest base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: weekly chart shows price just break and stand above resistance level 1.36. It could be a buy signal for price continue go up in some weeks ahead.
Daily chart: Price is finding a new balance area. Base on fibonacci level, I chose 1.383 level…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
Haynes6EU avatar
Haynes6EU 4 May

Update 1: We have another bullish week, price break above 1.37 and stand stable on it. I expect commodity currency such as AUD, CAD, NOK ... are weak followed by decreasing price of oil or copper. I don't think that price will be stopped at here, it could go up futher upto 1.38 or 1.39

Haynes6EU avatar
Haynes6EU 8 May

Update 2: last week was a doji candle weekly chart. Prices increased at the begin and deacreased at the end of last week. That's price action. If prices continue to go down, 1.358 level will be good level for buy entry.

Haynes6EU avatar
Haynes6EU 15 May

Update 3: The H4 and daily chart show supply power stable above 1.37 and it could be signal of bearish correction for USD/CAD. Prices is falling as of writing at 1.363 and finding demand at low prices level. I think that 1.355~1.358 could be demand area and prices can stable at this area. I still expect uptrend for long-term.

orto leave comments
Avatar

Long-term down-trend of commodity dollar CAD resume?

Haynes6EU Posted 26 Apr.  in #Trader's blog #CAD #Usdcad
Hi Traders,
The commodity dollar CAD has consolidated in ~ 1.3~1.36 area in several months, price is testing major resistance level around 1.36. We have some major fundamental event ahead (FED meeting on 3/5; non-farm on the next friday and 2nd round of French presidential election on 7/5), these events may push US dollar vs commodity dollar (AUD, NZD, CAD). Let's see weekly chart for detail:
Thanks,
Haynes6EU
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

CADJPY - Buy signal in H4 chart

Haynes6EU Posted 4 Aug.  in #Trader's blog #CAD #JPY #Yen #Loonie #Cadjpy
Hello community,
It seem that the crossed pair CADJPY find support around 94 area, Bull shows some strength in H1 and H4 chart. It would be a good chance to setup a long trade. My chart is simple as below:
Good luck
Haynes
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

CADJPY - Up trend long term is over???

Haynes6EU Posted 16 July  in #Trader's blog #CAD #JPY #Yen #Commodity Dollar #Loonie #Cadjpy
Hello community,
Yesterday, BOC cut rate 25 bp to 0.5% and market sell off CAD. I see weekly chart show that uptrend long term is over? Look at the CADJPY's weekly chart below (candles below ichimoku cloud)
Thanks,
Haynes
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

1 Comments
orto leave comments
More