Apr 26 2017 at 10:18
USD/CAD - The pair is making Head and Shoulders formation, but it is not confirmed yet. Perhaps break below 1.3552 may open the way for some intraday shorts sells :)
Apr 28 2017 at 11:06
Oil price is getting against CAD day by day.
Apr 28 2017 at 17:42
USD/CAD reached 1.3696 today, and although there's a pullback from that level for the moment I don't think this is the end of the rally.
Apr 30 2017 at 09:29
The pair is having a decent rally to the upside as bulls are pushing the price with each day. Good res 1.3720.
Positivity
May 03 2017 at 08:10
USDCAD up 0.06% at 1.3721 facing the next up barrier at 1.3759 (2017 high May 2) seconded by 1.3861 (high Feb.24 2016) and then 1.4017 (high Feb.11 2016). On the downside, a break below 1.3647 (low May 2) would open the door to 1.3632 (23.6% Fibo of the Apri-May rally) and finally 1.3554 (38.2% Fibo of the April-May rally).
May 07 2017 at 12:23
USD/CAD reaches higher this week despite the depreciation of the US dollar. Uptrend seem intact!
Positivity
May 08 2017 at 14:29
USD/CAD - USD is trying to push again. The bias are for short term long - perhaps to 1.3737/45.
May 08 2017 at 16:26
After a pullback from 1.3791 on Friday USD/CAD is rallying again today. I think it will attempt another test of the high at 1.3791 soon.
May 09 2017 at 12:09
more climbs will come.
May 10 2017 at 12:07
USD/CAD - The dollar may continue to raise and to test the zone 1.3733\35
May 11 2017 at 01:13
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.
May 12 2017 at 11:39
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.
May 13 2017 at 19:59
The upward trend seems strong. Expecting it to continue in the next week.
Positivity
May 15 2017 at 15:40
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.
May 16 2017 at 15:50
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.
May 17 2017 at 06:36
i'm thinking about short direction
May 17 2017 at 11:42
I'm in a short as well. Target a little deeper...1.35350, then eyeing a long at 1.35170.
May 17 2017 at 15:35
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.
May 19 2017 at 15:03
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.
May 21 2017 at 18:38
The Canadian dollar posted some gains against the US dollar. I'm expecting the downtrend to continue in the next week.
Positivity
