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USDCAD
forex_trader_202857
Mitglied seit Aug 07, 2014
129 Posts
Apr 28, 2017 at 11:06
Oil price is getting against CAD day by day.
Mitglied seit Oct 02, 2014
905 Posts
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
forex_trader_338100
Mitglied seit Jun 21, 2016
287 Posts
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).
Mitglied seit Oct 02, 2014
905 Posts
May 07, 2017 at 12:23
USD/CAD reaches higher this week despite the depreciation of the US dollar. Uptrend seem intact!
Positivity
forex_trader_202857
Mitglied seit Aug 07, 2014
129 Posts
May 09, 2017 at 12:09
more climbs will come.
Mitglied seit Oct 11, 2013
769 Posts
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.
Mitglied seit Oct 02, 2014
905 Posts
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
(bearbeitet 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.
forex_trader_202857
Mitglied seit Aug 07, 2014
129 Posts
May 17, 2017 at 06:36
i'm thinking about short direction
Mitglied seit Sep 01, 2016
1 Posts
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.
Mitglied seit Oct 11, 2013
769 Posts
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.
Mitglied seit Oct 02, 2014
905 Posts
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
