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Aug 02 2016 at 14:57
823 posts
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.

Aug 03 2016 at 14:59
823 posts
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.

Aug 03 2016 at 16:15
1916 posts
asdcending wedge means it will go down soon

Aug 04 2016 at 09:09
823 posts
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.

cannon68 (cannon68)
Aug 05 2016 at 03:57
1 posts
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.......
Aug 05 2016 at 10:15
823 posts
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.

arigoldman (arigoldman)
Aug 06 2016 at 12:59
907 posts
Bullish on th eshort-term.

Aug 08 2016 at 13:08
823 posts
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.

Aug 09 2016 at 03:27
774 posts
The rally may continue on the USDCAD after the consolidation of the last couple of days bellow the 1.3200 level.

Aug 09 2016 at 11:10
823 posts
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.

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