Video

#SaxoStrats
The big news seen overnight was the energy sector creeping higher as shares broke through January highs on the rally in crude oil prices.
Squawk / 15 August 2018 at 5:40 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
USDCAD - Negative reversal through key average
Tuesday’s report highlighted underlying positive sentiment but a lack of a buy signal. That proved justified as our Buy at 1.3073 was virtually the low of the day. USDCAD still found further selling at the end of the day in a move that took prices to test the 13 day line. That important point was only marginally breached but, despite minor gains in Asia, is enough to leave our intraday technical studies negative.
We look to Sell in 1.3075/80 area and at 1.3105
Stop is 1.3137 bid
Targets, 1.3040, 1.3020 and 1.3000
Closing 4pm London time
15 August
JVKNL JVKNL
In at 1,3075
15 August
marran marran
im also in at 3077
15 August
marran marran
just opened another trade with a 3025 target
15 August
JVKNL JVKNL
And i am thinking to get out of.it already cause.it.doesnt.look good
15 August
JVKNL JVKNL
Small loss i am.out
15 August
marran marran
im out i think this could have gone either way as i think the longer term is bullish
15 August
MSO MSO
Alan, you are a genius! Again it turned almost exactly as you stated in 1,3105!! Your consistency is impressive!!
15 August
geirth geirth
Agree with MSO!
15 August
marran marran
but MSO and geirth its going the wrong way!! lol
15 August
JVKNL JVKNL
They meant something else
15 August
IL IL
Today is a SOMO day- demand on the dollar, it is difficult to be short on USD https://www.zerohedge.com/news/2018-08-06/sumo-soma-days-cyclical-momentum-eurodollar-curve
15 August
marran marran
I just had a read IL and i cant pretend that i understand it other than a slight conclusion that the $ is strong on days like this
15 August
marran marran
JVKNL not sure what else they could have meant
15 August
JVKNL JVKNL
It must be my knowledge (not) of english
15 August
MSO MSO
@Marran, this is a short term call, right? Went in at 1,3107 and took profit at 1,3092. A very nice profit made in 30 minutes. I see that you follow ACs call on a regular basis and think you would agree that this is as close as you get to a risk free investment.
15 August
IL IL
Grega is also expecting a shar revers in this pair, but right now the dollar is still a crazy horse
15 August
MSO MSO
@IL who is Grega?
15 August
IL IL
Grega Horvat - EW expert
15 August
MSO MSO
Thanks IL, sorry to bother you one more time if you permit. Is Grega good and where do you follow him? I only see his twitter account.
15 August
IL IL
he is one of the best - follow him on Twitter
15 August
MSO MSO
Thanks for the tip IL!
15 August
IL IL
you are wellcome :-) , there are oalso a lot of options are expiring above 1,3140 today, maybe that is the case too
15 August
IL IL
Here you can see Forex analytics webinar with Grega and other experts from today, you can also follow them on Twitter. They don't give a good trade setup , as Allan does,but you will get much wiser about S/R an the directions in many currency pairs. He expect still rise in the oil price (CAD) up to 69 and fall in the dollar https://www.youtube.com/watch?v=qxclleeEPrk&feature=youtu.be
15 August
MSO MSO
Thanks again, IL. https://www.forexanalytix.com looks very interesting! Hope I can return the gesture one of these days :-) Have a great evening
15 August
smottee smottee
Hi MSO and IL, just for your info, you mentioned Grega Horvat, I subscript to his service, he is very good. https://www.ew-forecast.com/
16 August
IL IL
Thanks, :-) .....Yes I know,and the other website is http://www.talkmarkets.com/contributor/Gregor-Horvat/
16 August
Romanatrader Romanatrader
I´m still short from yesterday and USD/CAD is going down....
16 August
MSO MSO
Thanks Smottee and IL and all other contributors to this tread. It is like in the good ole days of Tradingfloor.com :-)

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