Buy USD/ CAD – Continue to hold.

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Buy USD/ CAD – Continue to hold.

Posted on: August 15th, 2012 at 10:46 am

Technically it has strong support at 0.9900 levels. A bounce from here is expected. One can enter at cmp: 0.9921 for a target of 0.9955.

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23 Responses

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Comment pages: 12Show all

Sohan Says:
August 22nd, 2012
Posted at: 1:36 am
Hello CB,
This is at 9898 levels now it has recoverd quite a bit.
Can you please give some suggestions.
Sohan
CB Says:
August 22nd, 2012
Posted at: 3:17 am
Hi Sohan, yes, its a hold for now. can test 0.9950 by this Friday
Sohan Says:
August 22nd, 2012
Posted at: 10:02 am
Hello CB,

Thanks very much.
Sohan
manivelan Says:
August 22nd, 2012
Posted at: 6:07 pm
now itself(today) it is moving towards 0.9955. Cheers!!
CB Says:
August 22nd, 2012
Posted at: 6:34 pm
Hi Sohan, most welcome
Hi manivelan, yes, dollar is doing well ahead of Fed meet.
manivelan Says:
August 23rd, 2012
Posted at: 12:56 pm
Elliott: impulse wave up 0.9975
Resistances lie around 0.9931 and 0.9945. It should test lower towards 0.9886 zone. A clear break of 0.9906 would be bearish.
dilip Says:
August 23rd, 2012
Posted at: 7:48 pm
Hi CB, i want to buy EUR/ISD need your suggestion for entry level and target.
CB Says:
August 24th, 2012
Posted at: 1:49 am
Hi dilip, its recovered quite a bit recently and is near resistance levels. dont enter it yet. also Dollar has been going weak for quite some time now. we can expect it to bounce back in coming days.
manivelan Says:
August 24th, 2012
Posted at: 8:22 am
Elliott: elongated flat correction up 1.0000
Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9945 or 0.9963 if support around 0.9924 hold. After which a pullback to 0.9924 - 0.9912 zone is possible.
Sohan Says:
August 24th, 2012
Posted at: 6:20 pm
Hello CB,
I closed this at 9948 with some gains.
I lost quite very very much in EUR/USD myself and most of it by my copiers.
Sohan
CB Says:
August 24th, 2012
Posted at: 6:38 pm
Hi manivelan, thanks for the updates
Hi Sohan, oh ok. eur/usd is seeing some profit booking.
manivelan Says:
August 27th, 2012
Posted at: 12:47 pm
Elliott: irregular flat correction up 0.9973
Decline should be supported around 0.9898 - 0.9880 zone for rally to above 0.9941. A clear break of 0.9880 will damage this expected rally.
Sohan Says:
August 28th, 2012
Posted at: 5:33 am
Hello CB,
Good Morning,
Please let me know your opinion on AUD/USD.
Please let me know if you have any new calls in this section.
Sohan
manivelan Says:
August 28th, 2012
Posted at: 9:58 am
USD/CAD TODAY
===========
Elliott: elongated flat correction down 0.9854
Current fall is near an end of wave around 0.9890 zone, a rally should then procede to above 0.9925. Fall below 0.9873 would cancel this scenario
CB Says:
August 28th, 2012
Posted at: 10:00 am
Hi Sohan, Good morning. its in an long term uptrend. can go long on dips.
Hi manivelan, thanks. this call has been open for quite some time now.