USDCAD
Member Since Oct 02, 2014
909 posts
Feb 19, 2017 at 09:41
USD/CAD tried to make a bullish move on Friday but somehow failed short and now price is 1.3092. Improved momentum can drive the pair during the next week.
Positivity
Feb 19, 2017 at 15:51
it appears that with what UC did in January.. it will be tough to go above 1.32 ish.. before it falls back down under 1.30.. it barely reached the monthly 38.2% fib.. before it went right back down.. all I want (in total honesty) is to see it MOVE.. this past week was the most boring of all with 40-50 pips days.. and multiple dojis ... give us momentum & volatility ohhh Fx god.. 😉
good luck to you all
good luck to you all
patience & discipline lead to wisdom ... & profits ! ;)
Feb 22, 2017 at 15:49
Guys , keep in touch, I love those comments !!
I totally agree with you, 1.32 being the 38% retracement of last month's candle, there should definitely be some activity around that level..
good luck :)
I totally agree with you, 1.32 being the 38% retracement of last month's candle, there should definitely be some activity around that level..
good luck :)
patience & discipline lead to wisdom ... & profits ! ;)
Member Since Oct 02, 2014
909 posts
Feb 24, 2017 at 11:17
USD/CAD got some positive vibes this week and is now trading at 1.3105.
Positivity
forex_trader_360642
Member Since Sep 15, 2016
6 posts
Feb 25, 2017 at 17:59
dianajs posted:
The pair rebounded from 1.3200 after forming a rather impressive spinning top bar on the daily time frame at that level. I think next target is at 1.3060.
There is too much movement with this pair, I definitely hope the trend is bullish. I want to see some of that over there.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Feb 28, 2017 at 11:21
The weak daily volatility is a major obstacle to a pronounced rebound of the pair. Watch pullback towards 1.3010 (lower band of daily Bollinger) before the support at 1.2975 (daily parabolic). The utmost caution is in order, as a break below this last level would release significant downside, opening the way for a more pronounced decline towards 1.2908 (Fibonacci projection) and the support around 1.27801.28.
Feb 28, 2017 at 14:45
seems like we have contradicting views offered here.. ;)
My view is that given the bullish start this week and the recent break of 1.3210 this morning... we should see 1.3250 -1.3280 in the near future .. and if the god of Fx shall bless us all, it will give us an entry around 1.33 to SHORT like kids on christmas day..
PS let's not forget the BOC interest rate decision tomorrow .. nothing is expected there.. meaning a continued bullish move until the abovementioned levels are met
talk to you soon guys :)
My view is that given the bullish start this week and the recent break of 1.3210 this morning... we should see 1.3250 -1.3280 in the near future .. and if the god of Fx shall bless us all, it will give us an entry around 1.33 to SHORT like kids on christmas day..
PS let's not forget the BOC interest rate decision tomorrow .. nothing is expected there.. meaning a continued bullish move until the abovementioned levels are met
talk to you soon guys :)
patience & discipline lead to wisdom ... & profits ! ;)
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 01, 2017 at 07:22
i say up to 1.3294
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 02, 2017 at 14:40
Immediate upside resistance is seen near 1.3385-90 region (Jan. 20 high), above which the pair seems all set to head towards its next resistance near 1.3435-40 region, en-route 1.3500 psychological mark. On the downside, 1.3315 level now seems to act as immediate support, which if broken might drag the pair back towards 100-day SMA resistance break-point, now turned important support, near 1.3375 region.
Mar 02, 2017 at 14:56
Most definitely a nice rallye.. not only did it NOT give us a break at the 161.8% weekly fib expansion, it is heading for january's high / this week's 127% fib expansion around 1.34.. at this point, in my opinion we should see a retracement until around 1.3280-1.33 zone before it goes back up to it's next level mentioned by FX Tools.. ( I see 1.3540 ish..)
To be noted, today, thursday, the move seems a lot less volatile showing the bullish move is losing steam and getting ready to give a chance to the bears to do their thing..
good luck everyone :)
To be noted, today, thursday, the move seems a lot less volatile showing the bullish move is losing steam and getting ready to give a chance to the bears to do their thing..
good luck everyone :)
patience & discipline lead to wisdom ... & profits ! ;)
