To use chat, please login.
Back to contacts
alexforex007
May 11 2017 at 01:13
774 posts
The USDCAD just keeps oscillating around the 1.3700 level and it is forming like a symmetrical triangle on the daily chart. The price may head in any direction, but since the trend coming into the formation is bullish, there is a higher probability of seeing a bullish breakout. The 1.3800 level may act as resistance.

dianajs
May 12 2017 at 11:39
823 posts
There is a shooting star bar on the weekly time frame, but the pair is range-bound above 1.3645. I think the move to the upside may not be over yet.

arigoldman (arigoldman)
May 13 2017 at 19:59
907 posts
The upward trend seems strong. Expecting it to continue in the next week.

dianajs
May 15 2017 at 15:40
823 posts
arigoldman posted:
The upward trend seems strong. Expecting it to continue in the next week.


 I thought so too, but USD/CAD formed a second bearish shooting star bar on the weekly time frame at the resistance at 1.3800. The possibility for another rally is decreasing, I think.

dianajs
May 16 2017 at 15:50
823 posts
I opened a short position and set my target 1.3550. Depending on whether it breaks out below that level I may keep the short position open.

Loic Hellard
challenger
May 17 2017 at 06:36
129 posts
i'm thinking about short direction

michaeldfleming
May 17 2017 at 11:42
1 posts
I'm in a short as well. Target a little deeper...1.35350, then eyeing a long at 1.35170.

alexforex007
May 17 2017 at 15:35
774 posts
There has been a good pullback on the USDCAD to the 1.3600 zone, but the area may act as support and the pair may try to go and visit the 1.3700 level again. However, a breakout below the 1.3600 level may accelerate the bearish momentum towards the 1.3500 zone.

dianajs
May 19 2017 at 15:03
823 posts
It broke out below 1.3550, I think it will continue falling to 1.3500 - 1.3480 at least. I am still keeping the short position open.

arigoldman (arigoldman)
May 21 2017 at 18:38
907 posts
The Canadian dollar posted some gains against the US dollar. I'm expecting the downtrend to continue in the next week.

Please login to comment .