Rating: Full Star Full Star Full Star Full Star Empty Star
USDCAD
Previous 1 2 3 4 5 6 7 8 .. 60 Next
paidsignals

Member Since Mar 28, 2016  71 posts paidsignals Jun 13 2016 at 06:37
USDCAD will remain bullish

dianajs

Member Since Dec 09, 2015  705 posts dianajs Jun 13 2016 at 12:57
The flag continues forming today. GBP/USD formed an inverted hammer on the four-hour time frame above the support at 1.2760 and started rising again. I think next target is 1.2810 - 1.2815.

dianajs

Member Since Dec 09, 2015  705 posts dianajs 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.

stian

Member Since Nov 14, 2015  308 posts stian Jun 14 2016 at 13:36
The pair did retreat from the 1.2870 resistance as oil recovered.

dianajs

Member Since Dec 09, 2015  705 posts dianajs Jun 15 2016 at 10:18
Yes, it a shooting star candlestick and a spinning top candlestick underneath the resistance at 1.2870 on the four-hour time frame and started falling. I think next target is 1.2800.

stian

Member Since Nov 14, 2015  308 posts stian Jun 15 2016 at 16:19
CAD weakened quite a bit on the EIA news and USDCAD is up 72 pip, if the oil goes up for the day CAD is likely to retreat some, but the eyes are on the Feds in 2.5 hour. Any surprise can give big movement in either direction.

dianajs

Member Since Dec 09, 2015  705 posts dianajs Jun 16 2016 at 10:07

Despite the short retracement USD/CAD is still very bullish. The pair broke above 1.2900 and I think next target is 1.3000.

dianajs

Member Since Dec 09, 2015  705 posts dianajs Jun 17 2016 at 12:41
USD/CAD almost reached 1.31 before it rebounded back to 1.2900 and today it broke below that level. On the daily time frame there's a great doji candlestick, so I expect a further move to the downside towards 1.2800.

arigoldman

Member Since Oct 02, 2014  792 posts Ari Goldman (arigoldman) Jun 19 2016 at 18:07
It seems its forming a triangle.

Positivity
dianajs

Member Since Dec 09, 2015  705 posts dianajs Jun 22 2016 at 09:21
The pair is very undecided at the moment, but I think we will see another drop to 1.2760 - 1.2750.

Previous 1 2 3 4 5 6 7 8 .. 60 Next
BOE's Governor Carney speech (3h 8min)
Good chance that BoE will make their mov...(10 min ago)
EURUSD 1.16096 GBPUSD 1.32463
USDJPY 109.911 USDCAD 1.33204

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.