USDCAD

Apr 09, 2016 at 10:41
21,100 Views
659 Replies
Member Since Oct 02, 2014   909 posts
Sep 29, 2017 at 11:33
Neutral at the moment. Too hard to pick a direction.
Positivity
Member Since Feb 17, 2017   33 posts
Sep 29, 2017 at 11:37
my opinion on the matter is to stick to the 'mother candle' of wednesday.. 1.2391 is the 61.8% fibo retracement.. and could be a very good entry point.. we had a decent retracement yesterday.. and the movement is rather bullish.. a break above 1.2445 will confirm the continuation of the bullish move .. more retracement could lead to 1.2335

good luck to all
patience & discipline lead to wisdom ... & profits ! ;)
Member Since Dec 09, 2015   823 posts
Sep 29, 2017 at 13:52 (edited Sep 29, 2017 at 13:56)
USD/CAD is within the resistance zone between 1.2470 and 1.2430. I think it is possible to see a reversal and a new drop in the next few hours to a few days.
Member Since Apr 09, 2014   834 posts
Oct 02, 2017 at 07:20
Usd/Cad consolidating higher near 1.25 level, break above resistance level around 1.2530/40, uptrend would continue towards 1.2650.
Member Since Dec 09, 2015   823 posts
Oct 05, 2017 at 13:55
I think the pair has finally broken out above 1.2530. If that is indeed the case the correction to the upside could last to 1.2740.
Member Since Dec 09, 2015   823 posts
Oct 06, 2017 at 09:22
It did break out above 1.2530 and I almost opened a long position before I remembered that the NFP announcement was today and I thought better of it. I'd rather see what effect the NFP will have first before I open any positions.
Member Since Jul 12, 2016   78 posts
Oct 06, 2017 at 10:07
Buy USDCAD TP 1.2710
Member Since Apr 09, 2014   834 posts
Oct 09, 2017 at 06:35
Usd/Cad seems in a correction mood, support can be found around 1.2440/50 handle and on the upside resistance is around 1.26 zone.
Member Since Dec 09, 2015   823 posts
Oct 10, 2017 at 10:10
1.2595 proved to be a too strong resistance for the correction. I think USD/CAD is falling back to the support at 1.2470 and I have already shorted.
Member Since Dec 09, 2015   823 posts
Oct 11, 2017 at 13:39
I think the pair is stil very bearish, but since the FOMC meeting minutes will be announced today that could change drastically. I closed my short and I'll wait for the news.
Member Since Feb 17, 2017   33 posts
Oct 11, 2017 at 13:42
very wise decision indeed dianajs... FOMC minutes will amplify.. or correct.. CAD following gold and oil.. gold appears to be at a resistance as well.. it all comes together..

good luck to all
patience & discipline lead to wisdom ... & profits ! ;)
Member Since Dec 09, 2015   823 posts
Oct 13, 2017 at 12:17 (edited Oct 13, 2017 at 12:20)
USD/CAD rebounded from 1.2430. I already have a long position, I think it will rally to 1.2530 or even to 1.2600.
Member Since Oct 02, 2014   909 posts
Oct 13, 2017 at 21:18
Nothing major happened to the pair this last week.
Positivity
Member Since Dec 09, 2015   823 posts
Oct 17, 2017 at 11:45
USD/CAD has rallied above 1.2530 as I thought it would, so I wouldn't be surprised if it reaches 1.2600 after all. Next target above 1.2600 could be around 1.2650.
Member Since Dec 09, 2015   823 posts
Oct 19, 2017 at 10:41
USD/CAD has a double top at 1.2597 and 1.2590, I think there will be a pullback from that zone and a drop to 1.2400.
Member Since Oct 02, 2014   909 posts
Oct 19, 2017 at 17:25
Good move to the downside, somehow not strong enough though.
Positivity
Member Since Feb 17, 2017   33 posts
Oct 19, 2017 at 19:02
given the strong fundamental news tomorrow, the market seems to be heading north to a more 'neutral' area.. should go around the 1.2505-1.2517 zone before anything... if 1.2533 holds, there is a good chance to see a further move down towards 1.2430

good luck to all
patience & discipline lead to wisdom ... & profits ! ;)
Member Since Dec 09, 2015   823 posts
Oct 20, 2017 at 14:03
arigoldman posted:
Good move to the downside, somehow not strong enough though.

 I thought it would fall to 1.2400, but apparently that wasn't the case as it rebounded from 1.2450 and it may now finally rally above 1.2600.
Member Since Apr 09, 2014   834 posts
Oct 23, 2017 at 06:26
dianajs posted:
arigoldman posted:
Good move to the downside, somehow not strong enough though.

 I thought it would fall to 1.2400, but apparently that wasn't the case as it rebounded from 1.2450 and it may now finally rally above 1.2600.

Focus on the BoC this week, the pair is likely to extend the rally if the BoC will show any sign of dovish tone.
Member Since Dec 09, 2015   823 posts
Oct 24, 2017 at 10:50 (edited Oct 24, 2017 at 10:53)
USD/CAD did rally above 1.2600 as I thought it would. The pair remains very bullish and I wouldn't be surprised if it continues moving north to the last local high at 1.2777.
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