EUR/GBP, USD/CAD, GBP/JPY Technicals | Forex Info Center: EUR/GBP 2nd September , 2010 Current level - 0.8306 Long... http://bit.ly/dg8C3C
Report of a explosion on a Gulf Oil rig.. $USDCAD comes off a bit on initial reaction
$USDCAD: Pares o/n advance after failing to push back above the 10-Day SMA (1.0556). Falls back from the high (1.0545) to trade at 1.0499.
$USDCAD has near-term support around the 1.05 level. Resistance has been above 1.0650. The pair could be forming a range.
My short in $USDCAD from last night worked out well. As did my $GBPAUD breakout setup. Didnt get a chance to build size though.
#Forex: $USDCAD breaks toward 1.0500 on ISM data http://nn.nf/1cvka
$USDCAD: Out of the long position following the 2Q GDP yesterday as the dollar-loonie pares the previous days advance. Current at 1.0598.
#Forex: $USDCAD easing towards 1.0610 http://nn.nf/1cvgp
Taking a small, short $USDCAD position with a stop at 1.07 and small size. Initial target will be a little larger than risk and may build.
$USDCAD faces significant daily chart resistance here at 1.0650. A break exposes the 1.07-1.075 resistance.These are key daily chart levels.
$USDCAD: Keeping stop at 1.0610 as the long position is slightly out-of-the-money. Waiting to see what FOMC minutes will bring us.
$USDCAD has shown a series of higher highs on an hourly chart as 1.0670 struggles to hold back the wave. The technical boundaries are clear.
$USDCAD: Holding long position from the 2Q GDP, with the trade slightly in-the-money. Will tighten stop to cost just ahead of FOMC minutes.
Like David S and John R, Im watching $USDCAD. Triple top on the one-hour chart. Watching for a (false?) breakout. http://twitpic.com/2jzjgz