Currently viewing the tag: "USD/CAD"
I have been recommending USD/CAD shorts at ForexLive for the past month based on the break of the wedge from September to mid-January.
The trade worked wonderfully at first, quickly falling from the 1.0150 entry point to below parity.Last Monday, Feb 20, the decline looked like the start of another leg down but the pair [...]
I’m torn about USD/CAD.
For months, I’ve been looking to buy any weakness in the pair but the daily chart has broken a ‘wedge’ pattern to the downside.
My base case if for a rally to 1.12 around mid-year but I won’t fight the technicals.
It’s time to take a step back [...]
If you would have asked me what my favourite trade was at the start of September, I would have answered, without hesitation, “Long USD/CAD”.
So why didn’t I trade the pair as it rose 750 pips in the month? It was an experience in frustration as I stayed too patient and missed several opportunities. On [...]
Live EUR/USD Chart
