Haynes6EU's Blog

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Blog 11/7: USDCAD falling too fast!

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

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

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
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USDCAD - Buy setup as expect another bullish week

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
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USDCAD - Up-trend for this pair!

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…
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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

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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.

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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.

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

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
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USDCAD - Consolidate a few days ahead???

Hello community,
Have a good week
It seems that the pair USDCAD just finished range extension and now this pair will consolidate in range 1.25~1.265 a few days ahead before go to another range. So I'm waiting for sell on high and buy on deep strategy and wait signal to move directionally.
Good luck to all
Haynes
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I'm wrong! Uptrend continue!

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USDCAD finding support; Triple bottom is forming???

Hello community,
The pair USDCAD is moving around two last previous bottom and finding support around this area. Can this support level hold? Is triple forming? Watch closely price action on this area and make trading plan. Look at my chart:
Good luck to all
Haynes
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USDCAD - double bottom!

Hello community,
The H4 chart Usdcad shows double bottom parttern and the pair USDCAD bounced back from the bottom. The pair still in long-term uptrend and retrace in short-term downtrend. Has retracement end? Can the pair bounce back at least to 1.23? Let's wait and see! Look at the chart and follow wind!
Regards,
Haynes
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USDCAD reversal from Fibo 50%, has confirmed in weeklychart!

Hi community,
I want to share my technical view about pair USDCAD at least to 1st of July. I think that it would be a swing ahead. Let's wait and see!
Background: Fundamental data and market sentiment remains slight bearish. Canada's core CPI has improved slightly and net CAD position was flat. Meanwhile the monthly chart shows price retraces from Fibonacci 50% level.
1. Weekly chart: This is nice weekly chart for short opportunity. My target at least to 1.065 level. The media line was broken, d…
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1.082 support level hold. Bears power seem be weak. To go to 1.07, this pair need fresh Bears power, may be support by fundamental data. If there isn't support by fundamental data, it's not surprise this pair can go up.

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Bored pair! Momentum is very weak!

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Weak momentum! Maybe another bored week ahead!

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The pair is near demand zone 1.06~1.07 area now. It means that the pair is going into crowed Bulls area, so I expect some retracement in near term. My target 1.0672 is difficult to reach!

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The price hit my target! It seems that consolidation should be ahead!

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