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Gabriel (GFernandez78)
Mar 15 2017 at 07:23
35 posts
For more than half month we see a solid bullish sentiment on USDCAD going up by about 300 pips. 1.3424 is the initial support I am watching for. If it breaks it, this could be a sign for trend correction.
Trading is like football - if you don't practice you can't win the game!
dianajs
Mar 15 2017 at 16:56
823 posts
There's little over an hour left to the US Federal Funds Rate announcement. As expected, USD/CAD is very range-bound.
rob559
Mar 16 2017 at 07:23
1916 posts
it is on its way down my friend...
bestools
besttools
Mar 16 2017 at 10:59
898 posts

USD/CAD is up 0.01% at 1.3306 and a break above 1.3325 (bottom of the 10-month up channel) would expose 1.3359 (61.8% Fibo of 1.3601-1.2967) and finally 1.3487 (high Mar.15). On the downside, the immediate support lines up at 1.3276 (low Mar.16) seconded by 1.3220 (55-day sma) and then 1.3178 (200-day sma).
dianajs
Mar 16 2017 at 17:42
823 posts
It's been consolidating above 1.3280 since it dropped due to the news about the rate hike yesterday. I opened a long position.
stian
Mar 16 2017 at 21:45
325 posts
Don't think much have changed, Canada have no plans changing policy, data remains generally weak. And oil is on a loosing path.
Ari Goldman (arigoldman)
Mar 17 2017 at 08:30
909 posts
USD/CAD is currently trading at 1.3335, lower from 1.35 before the announcement that the Fed is raising the interest rate. Consolidation around current price is expected to continue today.
bestools
besttools
Mar 17 2017 at 13:58
898 posts

Bulls would be eyeing for a decisive move through mid-1.3300s, above which the pair is likely to accelerate the recovery move towards 1.3375-80 horizontal resistance before surpassing the 1.3400 handle to test 1.3425-30 resistance area. On the downside, a convincing break below 100-day SMA near the 1.3300 handle would turn the pair vulnerable to break below two-week lows support near 1.3275 level and head towards testing 1.3230 horizontal support.
dianajs
Mar 17 2017 at 16:49
823 posts
USD/CAD moved to the upside to 1.3377 but the pair of bearish shooting star bars on the M30 time frame are making me think that it will start dropping again.
bestools
besttools
Mar 21 2017 at 08:57
898 posts

On the upside, 1.3370-75 area remains immediate resistance, which if cleared is likely to lift the pair towards reclaiming the 1.3400 handle, en-route 1.3425-30 horizontal resistance. On the downside, sustained weakness back below 1.3315-10 immediate support now seems to drag the pair back below 100-day SMA support near 1.3295 region towards retesting 1.3275 support area ahead of mid-1.3200s.
Baldo (BaldoN)
Mar 21 2017 at 09:42
522 posts
Hello,
USD/CAD - is offering some short term buying opportunities @ 1.3332 , with stop 1.3324 and targets 1.3355/60.
dianajs
Mar 21 2017 at 12:36
823 posts
The pair is steadily bearish and I think it will reach the last low at 1.3275. Then there will be either a double bottom and a new move to the upside or it will continue falling.
dianajs
Mar 22 2017 at 17:02
823 posts
I shorted again at 1.3375, I think the pair will reach 1.3300 later today.
dianajs
Mar 23 2017 at 17:12
823 posts
USD/CAD has formed a pair of bullish spinning top bars and an inverted hammer bar at 1.3315 on the H4 time frame, I think that may be the end of the current move to the downside but the breakout below the flag that has been developing for months now on the large time frames suggests a long-term drop.
dianajs
Mar 24 2017 at 10:36
823 posts
USD/CAD climbed back to 1.3380 and has formed a spinning top bar at that level, so I think we'll see a new move to the downside as part of the developing consolidation.
Baldo (BaldoN)
Mar 24 2017 at 11:23
522 posts
USD/CAD - it seems choppy market (1H and 4H chart) limited by 1.3263 bottom and 1.3412 top. Breaking either of them will bring some more clearance for the further movement.
Ari Goldman (arigoldman)
Mar 24 2017 at 13:51
909 posts
Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.
bestools
besttools
Mar 24 2017 at 14:43
898 posts

Usd/Cad is up 0.14% at 1.3370 and a break above 1.3387 (high Mar.22) would expose 1.3496 (high Mar.14) and finally 1.3536 (2017 high Mar.9). On the downside, the next support lines up at 1.3316 (low Mar.23) followed by 1.3297 (100-day sma) and finally 1.3262 (low Mar.21).
csc2009
Mar 27 2017 at 05:47
834 posts
arigoldman posted:
Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.

Agree, Usd/Cad started the week with a gap down, but strong support 1.3275/70 zone is still holding. A break-out confirmation needed.
Baldo (BaldoN)
Mar 27 2017 at 10:19
522 posts
Hello,
The pair is in choppy limited by 1.3346 on the above side and 1.3320 from the bottom.
Bracketing strategy could be used for scalps in breaking of either direction :)
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