USDCAD
Mitglied seit Oct 08, 2015
35 Posts
Mar 15, 2017 at 07:23
For more than half month we see a solid bullish sentiment on USDCAD going up by about 300 pips. 1.3424 is the initial support I am watching for. If it breaks it, this could be a sign for trend correction.
Trading is like football - if you don't practice you can't win the game!
forex_trader_29148
Mitglied seit Feb 11, 2011
1916 Posts
Mar 16, 2017 at 07:23
it is on its way down my friend...
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 16, 2017 at 10:59
USD/CAD is up 0.01% at 1.3306 and a break above 1.3325 (bottom of the 10-month up channel) would expose 1.3359 (61.8% Fibo of 1.3601-1.2967) and finally 1.3487 (high Mar.15). On the downside, the immediate support lines up at 1.3276 (low Mar.16) seconded by 1.3220 (55-day sma) and then 1.3178 (200-day sma).
Mitglied seit Oct 02, 2014
909 Posts
Mar 17, 2017 at 08:30
USD/CAD is currently trading at 1.3335, lower from 1.35 before the announcement that the Fed is raising the interest rate. Consolidation around current price is expected to continue today.
Positivity
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 17, 2017 at 13:58
Bulls would be eyeing for a decisive move through mid-1.3300s, above which the pair is likely to accelerate the recovery move towards 1.3375-80 horizontal resistance before surpassing the 1.3400 handle to test 1.3425-30 resistance area. On the downside, a convincing break below 100-day SMA near the 1.3300 handle would turn the pair vulnerable to break below two-week lows support near 1.3275 level and head towards testing 1.3230 horizontal support.
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 21, 2017 at 08:57
On the upside, 1.3370-75 area remains immediate resistance, which if cleared is likely to lift the pair towards reclaiming the 1.3400 handle, en-route 1.3425-30 horizontal resistance. On the downside, sustained weakness back below 1.3315-10 immediate support now seems to drag the pair back below 100-day SMA support near 1.3295 region towards retesting 1.3275 support area ahead of mid-1.3200s.
Mar 23, 2017 at 17:12
(bearbeitet Mar 23, 2017 at 17:17)
USD/CAD has formed a pair of bullish spinning top bars and an inverted hammer bar at 1.3315 on the H4 time frame, I think that may be the end of the current move to the downside but the breakout below the flag that has been developing for months now on the large time frames suggests a long-term drop.
Mitglied seit Oct 02, 2014
909 Posts
Mar 24, 2017 at 13:51
Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.
Positivity
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 24, 2017 at 14:43
Usd/Cad is up 0.14% at 1.3370 and a break above 1.3387 (high Mar.22) would expose 1.3496 (high Mar.14) and finally 1.3536 (2017 high Mar.9). On the downside, the next support lines up at 1.3316 (low Mar.23) followed by 1.3297 (100-day sma) and finally 1.3262 (low Mar.21).
Mar 27, 2017 at 05:47
arigoldman posted:
Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.
Agree, Usd/Cad started the week with a gap down, but strong support 1.3275/70 zone is still holding. A break-out confirmation needed.
