USDCAD
Mitglied seit Oct 02, 2014
909 Posts
Mar 05, 2017 at 16:12
Good move last week, i'm kinda sad i missed buying!
Positivity
Mitglied seit Oct 11, 2013
775 Posts
Mar 05, 2017 at 22:43
The USDCAD drops below the 1.3400 level, looks like a shooting star formation with a possible change in direction.
Mar 07, 2017 at 07:36
indeed. already reached the 127% monthly fib expansion.. expecting a correction sooner than later.. and with NFP friday.. anything can happen..
1.3457 is a very strong resistance. the one that was broken in early 2016 and lead to 1.47...
1.3457 is a very strong resistance. the one that was broken in early 2016 and lead to 1.47...
patience & discipline lead to wisdom ... & profits ! ;)
Mar 09, 2017 at 07:24
indeed, the trend isn't ending soon.. NFP friday and rate decision next week, we should see a correction sooner or later but the greenback is strong !! gold and oil falling.. will it end around 1.3550 ish ??
tbc..
tbc..
patience & discipline lead to wisdom ... & profits ! ;)
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 09, 2017 at 08:48
A follow through buying interest above the 1.3500 handle has the potential to lift the pair towards 1.3560-65 resistance area, above which the pair seems all set to aim towards testing Dec. 2016 highs resistance near 1.3600 round figure mark. On the flip side, 1.3460 level now seems to protect immediate downside, which if broken is likely to accelerate the corrective slide towards 1.3415-10 area ahead of a major support near 1.3375-70 region.
Mitglied seit Oct 02, 2014
909 Posts
Mar 10, 2017 at 12:57
Good move to the upside this week. I'm waiting to sell around 1.3650.
Positivity
Mitglied seit Jan 11, 2017
3 Posts
Mar 13, 2017 at 07:25
Scotiabank is forecasting USD/CAD to be at 1.400 by the end of Q4.
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 13, 2017 at 11:04
A follow through weakness below 1.3420 level (Friday low) is likely to accelerate the corrective slide further towards 1.3375-70 support before the pair eventually drops to 1.3320-15 support area. On the upside, momentum above session peak resistance near 1.3475 level now seems to assist the pair back towards the 1.35 psychological mark resistance ahead of Thursday’s multi-month tops resistance near 1.3535 level.
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 14, 2017 at 08:38
Usd/Cad is up 0.01% at 1.3447 and a break above 1.3536 (2017 high Mar.9) would aim for 1.3601 (high Dec.28 2016) and finally 1.3861 (high Feb.24 2016). On the flip side, the immediate support lines up at 1.3419 (low Mar.10) followed 1.3395 (low Mar.8) and then 1.3369 (low Mar.6).
