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USDCAD
Member Since Mar 28, 2016
94 posts
Jun 13, 2016 at 06:37
USDCAD will remain bullish
Jun 14, 2016 at 13:08
USD/CAD finally reached the resistance at 1.2870, which is (EMA)89 on the four hour time frame. The pair could bounce off of it, but if it breaks above it next target is at 1.2930, which is the middle line of the Bollinger Bands indicator on the daily time frame.
Member Since Oct 02, 2014
905 posts
Jun 19, 2016 at 18:07
It seems its forming a triangle.
Positivity
Member Since Oct 02, 2014
905 posts
Jun 26, 2016 at 15:40
Waiting to enter long soon.
Positivity
Member Since Oct 11, 2013
769 posts
Jun 28, 2016 at 02:34
The USDCAD stays consolidated between the 1.300 level and the 1.3100, there is no direction until the price breaks any of those levels.
Jun 29, 2016 at 16:05
I am starting to doubt that the pair will break above 1.3100 right away, it has been testing it for a while now and it still hasn't been able to break above that level. We might see a move to the downside first, before it makes another attempt to break above the resistance.
Jun 30, 2016 at 14:16
I am looking at the four-hour time frame and I am questioning whether that was the end of the move to the downside. The pair reached 1.2830, formed a doji and a hammer candlestick above the support there and is now moving up again. I expected a bigger drop.
Jul 01, 2016 at 14:20
That wasn't the end of the move the downside, thankfully, because the pair found resistance at 1.3015, which is the middle line of the Bollinger Bands indicator on the four-hour time frame and started falling again. For the moment it's testing the support at 1.2880 and I think that if it breaks below that level next target will be 1.2700.
