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nakedfoot
Jun 15 2017 at 11:50
33 posts
the H4 20 SMA at 1.3285 seems to have a hard time to act as resistance for the time being, we could very well see a rise to the 1.3320 zone before the market resumes its bearish tendancy..
keep in mind 1.3315 is the 38% retracement form this last bearish leg and as always, good luck to all
patience & discipline lead to wisdom ... & profits ! ;)
dianajs
Jun 19 2017 at 09:28
823 posts
The pair rebounded from 1.3200 after forming a pin bar on the H4 time frame. I think it will rally back to 1.3300 as part of the correction above the support at 1.3160 - 1.3200.
stian
Jun 19 2017 at 11:24
325 posts
Oil will need a push before USDCAD can stay below 1.32. US production can be interesting this week.
dianajs
Jun 20 2017 at 11:36
823 posts
I opened a long position at 1.3230. For the moment my target is at 1.3300, depending on how it develops there I may keep it open.
dianajs
Jun 21 2017 at 12:17
823 posts
I closed my long position once the pairing reached 1.3300, I think it is forming a consolidation channel between 1.3180 and 1.3300.
nakedfoot
Jun 21 2017 at 12:30
33 posts
nice trade djanas, indeed it is consolidating, but I see a possible move to the 1.3335 zone in the near future.. after a decent retracement around the 1.3270 area..
patience & discipline lead to wisdom ... & profits ! ;)
dianajs
Jun 22 2017 at 13:35
823 posts
USD/CAD fell to 1.3246 after a rally to 1.3350. The pair remains bearish and I think it will reach 1.3200 soon.
Russ
Always
Jun 25 2017 at 07:58
8 posts
I'm long at 1.3267 on Friday. Stop loss at 1.3192. Take profit at 1.3365.
Ari Goldman (arigoldman)
Jun 25 2017 at 10:14
909 posts
Currently out of the trend channel, staying away from this pair for now.
csc2009
Jun 25 2017 at 22:57
834 posts
Correction movement continues, CAD remain under pressure. Support level can be found around 1.3160.
dianajs
Jun 26 2017 at 09:31
823 posts
USD/CAD rebounded from 1.3210 but so far remains very range-bound. I think I will refrain from opening new positions for the moment.
dianajs
Jun 28 2017 at 09:22
823 posts
I think that the current drop is just the beginning of the move to the downside and its closest target is around 1.3030 - 1.3000.
stian
Jun 28 2017 at 12:12
325 posts
Poloz could definitly give it a push with a repetition of a hawkish stance, but oil remains a heavy longterm influencer.
nakedfoot
Jun 28 2017 at 13:35
33 posts
pure technical ABCD on daily chart shoots the pair around 1.2980..

good luck to all
patience & discipline lead to wisdom ... & profits ! ;)
Ari Goldman (arigoldman)
Jun 28 2017 at 16:19
909 posts
USD/CAD broke the support at 1.31. Next level would be 1.2915.
csc2009
Jul 03 2017 at 06:20
834 posts
Weak US dollar and the recovery in oil prices, another bad week to come for the pair. The pair has already broke below critical support 1.3000, further delcine could be triggered easily.
Ari Goldman (arigoldman)
Jul 08 2017 at 16:03
909 posts
I was expecting that the 1.30 level would hold. More potential to the downside imo.
csc2009
Jul 10 2017 at 06:36
834 posts
arigoldman posted:
I was expecting that the 1.30 level would hold. More potential to the downside imo.

The pair broke 1.29 level, I'm expecting some correction movement before further downside.
dianajs
Jul 10 2017 at 10:49
823 posts
I think so too. It rebounded from 1.2860 and considering how oversold it is it could rally to 1.2980.
Ari Goldman (arigoldman)
Jul 10 2017 at 17:28
909 posts
Expecting the move to the downside to end soon. The US dollar appears to be gaining momentum.
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