USDCAD
Členom od Dec 09, 2015
823 príspevkov
Aug 02, 2016 at 14:57
The pair rebounded from 1.3140, but the drop once again ended at 1.3000 and it appears that the pair has formed a double bottom there. I expect a new move to the upside.
Členom od Dec 09, 2015
823 príspevkov
Aug 03, 2016 at 14:59
It looks like the pair is forming a relatively tight range. After the move to the upside yesterday USD/CAD rebounded from 1.3150 and more importantly, it formed a hanging man candlestick on the daily tile frame below the same resistance level. I think next target is 1.3000 again, especially if it breaks below 1.3080.
forex_trader_29148
Členom od Feb 11, 2011
1916 príspevkov
Aug 03, 2016 at 16:15
asdcending wedge means it will go down soon
Členom od Dec 09, 2015
823 príspevkov
Aug 04, 2016 at 09:09
It's possible. But USD/CAD tested 1.3030, but it formed a hammer and an inverted hammer candlestick above that level on the four-hour time frame. I think that may have been the end of the current move to the downside.
Členom od Aug 02, 2016
1 príspevkov
Aug 05, 2016 at 03:57
CAD has found support at the 1.3030 ara, but with oil gaining we could see CAD below the 1.30 level very soon. $ strength appears to have vanished and maybe Fridays data will push CAD out of it's range and lower. Upward channel on the daily chart sees current price action heading for the lower line suggesting a possible bounce, but a few days to go I think before we see this hit.
Winners add to winners, Losers add to losers.......
Členom od Dec 09, 2015
823 príspevkov
Aug 05, 2016 at 10:15
USD/CAD is still testing the support at 1.3000 but I don't think there will be a breakout before the NFP later today.
Členom od Oct 02, 2014
909 príspevkov
Aug 06, 2016 at 12:59
Bullish on th eshort-term.
Positivity
Členom od Dec 09, 2015
823 príspevkov
Aug 08, 2016 at 13:08
There is a spinning top candlestick on the daily time frame below the resistance at 1.3200 and I think that for now the pair will reach the support at 1.3100 again.
Členom od Oct 11, 2013
775 príspevkov
Aug 09, 2016 at 03:27
The rally may continue on the USDCAD after the consolidation of the last couple of days bellow the 1.3200 level.
Členom od Dec 09, 2015
823 príspevkov
Aug 09, 2016 at 11:10
There is a double top below the resistance at 1.3190, I think we will see a further move to the downside before the pair continues rising.
Členom od Dec 09, 2015
823 príspevkov
Aug 10, 2016 at 14:50
(upravené Aug 10, 2016 at 14:53)
Yesterday the double top was a very clear signal for a move to the downside and the pair reached the support at 1.2990 but then rebounded from it. I think that next target to the upside is around 1.3080.
Členom od Dec 09, 2015
823 príspevkov
Aug 11, 2016 at 14:43
(upravené Aug 11, 2016 at 14:44)
USD/CAD bounced off 1.3080 and I think next target is around 1.3000 - 1.2990 again.
Členom od Oct 11, 2013
775 príspevkov
Aug 12, 2016 at 00:06
The USDCAD goes back down as oil rallies, but it may stall around the 1.3000 zone if oil does not continue heading higher, which seems very unlikely.
Členom od Dec 09, 2015
823 príspevkov
Aug 12, 2016 at 09:40
I have a short-term long position with target 1.2990. Even if it retraces now the move to the downside isn't over, I think.
Členom od Dec 09, 2015
823 príspevkov
Aug 15, 2016 at 15:20
USD/CAD could rebound from 1.2900, but if it breaks below that level it I think it will continue dropping towards 1.2800, maybe even 1.2700. If it does break below 1.2900 I will open short positions.
Členom od Dec 09, 2015
823 príspevkov
Aug 16, 2016 at 10:00
The pair is very bearish and I think it will reach 1.2800 soon. If it breaks out below that level it will continue dropping towards 1.2750 - 1.2740.
Členom od Dec 09, 2015
823 príspevkov
Aug 17, 2016 at 10:24
USD/CAD rebounced from 1.2800 and is testing 1.2900 again. I think that if it breaks out above that level it will reach 1.2930 - 1.2950.
Členom od Dec 09, 2015
823 príspevkov
Aug 18, 2016 at 15:10
The strong bearish trend continues despite the retracement yesterday, I think next target is around 1.2660.
Členom od Dec 09, 2015
823 príspevkov
Aug 22, 2016 at 14:56
USD/CAD is consolidating sideways and it has formed a doji candlestick on the one-hour time frame. I think the pair will drop and its first target will be around 1.2870.
Členom od Oct 11, 2013
775 príspevkov
Aug 23, 2016 at 05:00
The USDCAD goes back up as oil retreats, but the pair may very well go back down if oil goes up again.
