USDCAD

Apr 09, 2016 at 10:41
17,029 Views
659 Replies
Member Since Nov 09, 2015   20 posts
Sep 14, 2016 at 06:33
yes it seems so it might go up to 1.33. Thanks
katiane.tomas@
Member Since Dec 09, 2015   823 posts
Sep 14, 2016 at 09:10 (edited Sep 14, 2016 at 09:11)
USD/CAD is still very bullish despite today's retracement to 1.3130. I think that the 1.3200 target remains unchanged for now.
Vmaxkid
forex_trader_359778
Member Since Sep 12, 2016   5 posts
Sep 15, 2016 at 06:31
Still might hit 1.3250 which was the July 24th high. I am looking to short there if it gets there.
Member Since Dec 09, 2015   823 posts
Sep 15, 2016 at 09:04 (edited Sep 15, 2016 at 09:09)
The pair reached 1.3235 and rebounded from that resistance after forming a doji bar on the one-hour time frame below that level. I think it will retrace to 1.3180.
Vmaxkid
forex_trader_359778
Member Since Sep 12, 2016   5 posts
Sep 16, 2016 at 06:31
Yes, just missed out on my pending sell order at 1.3250. Looks like a trend reversal happening?
Member Since Dec 09, 2015   823 posts
Sep 16, 2016 at 15:49
Gold is rebounding from 1.3240 again after forming a spinning top bar on the one-hour time frame again. I think it will drop towards 1.3180 - 1.3170.
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Sep 16, 2016 at 15:59 (edited Sep 16, 2016 at 16:27)
wrong post
Member Since Dec 09, 2015   823 posts
Sep 16, 2016 at 16:39
Actually I was referring to USD/CAD indeed, I must've been looking at the Gold chart as well.
Member Since Nov 09, 2015   20 posts
Sep 18, 2016 at 06:48
Not yet, it could be after USD and CAD data, or it could keep bullish.
katiane.tomas@
Member Since Nov 09, 2015   20 posts
Sep 18, 2016 at 06:51
It could go up to 1.34. I read somewhere.
katiane.tomas@
Member Since Nov 09, 2015   20 posts
Sep 18, 2016 at 06:53
dianajs posted:
 Gold is rebounding from 1.3240 again after forming a spinning top bar on the one-hour time frame again. I think it will drop towards 1.3180 - 1.3170.
I suppose you mean USDCAD
katiane.tomas@
Member Since Dec 09, 2015   823 posts
Sep 19, 2016 at 12:37
USD/CAD is consolidating between 1.3140 and 1.3160 but the pair has also formed a hammer bar on the 4-hour time frame above the support at 1.3140, so I think there will be a move to the upside towards 1.3180 or even 1.3200 soon.
Vmaxkid
forex_trader_359778
Member Since Sep 12, 2016   5 posts
Sep 19, 2016 at 14:52
Do you think that the uptrend is still in tact. Are we seeing a push toward 1.3130?
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Sep 19, 2016 at 21:34
will go sideway for a while but starting dropping like a rock therafter...when h4 macd crossdown the midle line happens
Member Since Dec 09, 2015   823 posts
Sep 20, 2016 at 15:21 (edited Sep 20, 2016 at 15:23)
There is a strong resistance around 1.3200 - 1.3220. USD/CAD is testing it, but I think that there won't be a breakout before the FED interest rate is announced tomorrow.
Member Since Dec 09, 2015   823 posts
Sep 21, 2016 at 15:37

USD/CAD is still consolidating and it has formed a doji bar and a shooting star bar on the daily time frame under the resistance at 1.3240. Under normal circumstances I would say that is a signal for a move to the downside, but I think that we'll have to wait for the news later today to confirm that.
Member Since Dec 09, 2015   823 posts
Sep 22, 2016 at 15:20

After the news yesterday the pair dropped with 180 pips but it found support at 1.3000 again. So far there is no signal that this is the end of the drop, so I think that if it breaks out below 1.3000 it will reach 1.2900 - 1.2880.
Member Since Dec 09, 2015   823 posts
Sep 23, 2016 at 15:29
The pair rebounded from 1.3000 but it has also formed a shooting star bar on the one-hour time frame below the resistance at 1.3160 so I think there will likely be a new move to the downside.
Member Since Dec 09, 2015   823 posts
Sep 26, 2016 at 15:36
USD/CAD formed hammer bar above the support at 1.3130 and started climbing, I think next target is at 1.3200.
Member Since Dec 09, 2015   823 posts
Sep 28, 2016 at 15:30
USD/CAD is testing the resistance at 1.3270, I think that if it breaks out above that level it will reach 1.3300 or even 1.3340.
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