USDCAD | Foro Forex de Myfxbook

arigoldman

Miembro desde Oct 02, 2014 posts 909

Oct 24, 2017 at 13:24

Miembro desde Oct 02, 2014 posts 909

USD/CAD appears capped at current level. Above 1.2670 bulls will take over, right now pair is in bearish territory.

Positivity

dianajs

Miembro desde Dec 09, 2015 posts 823

Oct 26, 2017 at 10:19

Miembro desde Dec 09, 2015 posts 823

USD/CAD is stuck in a tight range above 1.2780. I think that once that ends it will keep moving north to 1.3000.

nakedfoot

Miembro desde Feb 17, 2017 posts 33

Oct 26, 2017 at 11:49

Miembro desde Feb 17, 2017 posts 33

good morning to all (eastern time.. )

what a nice move yesterday, I hope you all profited from it. today, I have a question for you people who trade USDCAD.. do you take break-outs ? if so, do you adjust the size of your position when you do and what kind of risk (% wise ) are you willing to take ?

thank you for sharing !

as for today... I would not be surprised to see UCAD retrace to 1.2735-55 level.. and be ready for another move up tomorrow when news come out.

again, thank you for all your input, it is always appreciated !

Nico

patience & discipline lead to wisdom ... & profits ! ;)

FX_Alchemist

Miembro desde Sep 13, 2017 posts 12

Oct 27, 2017 at 09:48

Miembro desde Sep 13, 2017 posts 12

I agree on a coming retracement. Based on the current price showing weakness, it appears overextended and will retrace to its current upward trend line.

If you follow the herd...the grass is already eaten!

csc2009

Miembro desde Apr 09, 2014 posts 834

Oct 30, 2017 at 07:43

Miembro desde Apr 09, 2014 posts 834

Bullish trend remain intact, 1.30 act as very strong handle on the upside, break above the immediate resistance level 1.2920 would open the door to more gains.

alexforex007

Miembro desde Oct 11, 2013 posts 775

Oct 30, 2017 at 18:56

Miembro desde Oct 11, 2013 posts 775

The USDCAD is consolidating around the 200 day EMA on the 1.2819 level after the strong rally that it had last week. From the current level, the pair may go in any direction, but if it continues higher, it may reach the 1.3000 level. To the downside, the 1.2563 level is its most relevant support zone.

dianajs

Miembro desde Dec 09, 2015 posts 823

Nov 02, 2017 at 12:28

Miembro desde Dec 09, 2015 posts 823

There is a double top at 1.2916, so I think we might see a move to the downside. However, we should also keep in mind that the NFP data will come out tomorrow and then there should be a lot of volatility.

arigoldman

Miembro desde Oct 02, 2014 posts 909

Nov 03, 2017 at 17:00

Miembro desde Oct 02, 2014 posts 909

The Canadian dollar lost a lot this week to the US dollar. I think that's a healthy depreciation.

Positivity

dianajs

Miembro desde Dec 09, 2015 posts 823

Nov 06, 2017 at 12:54

Miembro desde Dec 09, 2015 posts 823

USD/CAD is developing within a very tight sideways consolidation at 1.2740 but I think that eventually the depreciation will contunue to 1.2700.

arigoldman

Miembro desde Oct 02, 2014 posts 909

Nov 08, 2017 at 13:23

Miembro desde Oct 02, 2014 posts 909

The pair depreciated a bit, hopefully it will recover.

Positivity

dianajs

Miembro desde Dec 09, 2015 posts 823

Nov 09, 2017 at 13:25

Miembro desde Dec 09, 2015 posts 823

arigoldman posted:
The pair depreciated a bit, hopefully it will recover.

In my opinion it may even continue depreciating, especially if it breaks out below 1.2700. Next target could be around 1.2650 - 1.2630.

dianajs

Miembro desde Dec 09, 2015 posts 823

Nov 10, 2017 at 13:08

Miembro desde Dec 09, 2015 posts 823

USD/CAD slipped below 1.2700 as I thought it would and I opened a short position when it did. In my opinion, 1.2650 - 1.2630 is the first target but it may drop lower.