USDCAD
forex_trader_338100
Miembro desde Jun 21, 2016
posts 898
Mar 28, 2017 at 09:43
On a sustained move above 1.3415 level (session peak), the pair is likely to aim towards 1.3445-50 intermediate resistance ahead of 1.3480 resistance and the key 1.35 psychological mark. On the flip side, 1.3375 level now becomes immediate support to defend, which if broken could accelerate the retracement to mid-1.3300s before the pair eventually drops to retest 1.3320-15 strong support.
forex_trader_338100
Miembro desde Jun 21, 2016
posts 898
Mar 29, 2017 at 08:32
USDCAD is losing 0.04% at 1.3379 and a break below 1.3351 (low Mar.28) would aim for 1.3319 (low Mar.27) and finally 1.3298 (100-day sma). On the other hand, the initial hurdle lines up at 1.3402 (23.6% Fibo of the 2017 upside) followed by 1.3415 (high Mar.28) and then 1.3496 (high Mar.14).
Mar 29, 2017 at 16:46
(editado Mar 29, 2017 at 16:49)
The pair has been consolidating since last week, forming a barbed wire pattern and so far there is no indication that the range will end. So far I still haven't opened any positions without a breakout.
forex_trader_354005
Miembro desde Aug 22, 2016
posts 183
Mar 30, 2017 at 14:29
On a sustained weakness below 1.3300-1.3295 region, also coinciding with 100-day SMA, is likely to accelerate the slide towards 1.3265 (March 21 low) ahead of 50-day SMA support near 1.3240-35 area. Meanwhile on the upside, recovery back above 1.3325-30 zone should lift the pair back towards mid-1.3300s before the pair eventually darts towards 1.3380 strong horizontal resistance.
forex_trader_338100
Miembro desde Jun 21, 2016
posts 898
Mar 31, 2017 at 09:20
Immediate downside support remain at 100-day SMA near 1.3300-1.3295 region and is closely followed by 1.3275-65 strong horizontal support. A decisive break below 1.3275-65 support is likely to drag the pair towards 50-day SMA support near 1.3240-35 region. On the upside, momentum above mid-1.3300s could get extended towards 1.3380 strong horizontal resistance before the pair makes a fresh attempt to conquer the 1.3400 handle.
Miembro desde Oct 02, 2014
posts 909
Mar 31, 2017 at 14:31
USD/CAD reacted bearishly to today's CAD news. The pair is now 1.3335 down from 1.3372. Consolidation continues for now.
Positivity
Apr 02, 2017 at 07:51
yet another day for USD/CAD staying in a bearish move with a second strong bullish reaction when approaching the 1.3295 level (weekly 20 SMA), but as long as the daily candle keeps closing under H4 20 SMA, now resting at 1.3345, the tendancy remains bearish, although it is closing in slowly after a rather extensive ranging market for the past few weeks.. whether the market will resume its bullish expansion, or continue its correction towards the 1.32 level...
good luck to you all
N
good luck to you all
N
patience & discipline lead to wisdom ... & profits ! ;)
Apr 03, 2017 at 08:06
Hello,
USD/CAD - Still in wide choppy limited by bottom 1.3275 and high 1.3414. Breaking of either will show the direction in longer term.
On smaller charts, 30M up to 4H seems some bullish signs for today and we may see pricing to go up to 1.3350/55.
USD/CAD - Still in wide choppy limited by bottom 1.3275 and high 1.3414. Breaking of either will show the direction in longer term.
On smaller charts, 30M up to 4H seems some bullish signs for today and we may see pricing to go up to 1.3350/55.
forex_trader_338100
Miembro desde Jun 21, 2016
posts 898
Apr 04, 2017 at 10:17
USD/CAD is gaining 0.18% at 1.3407 facing the next hurdle at 1.3496 (high Mar.14) followed by 1.3517 (high Mar.10) and then 1.3536 (2017 high Mar.9). On the flip side, a break below 1.3375 (low Apr.4) would aim for 1.3292 (100-day sma) and finally 1.3251 (50% Fibo of the 2017 upside).
Miembro desde Oct 02, 2014
posts 909
Apr 07, 2017 at 16:22
USD/CAD had a good week this week. The pair is now trading at 1.3391 and looks prone to continue to the upside.
Positivity
