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USDCAD
Anggota Sejak Oct 02, 2014
909 pos
Anggota Sejak Oct 11, 2013
775 pos
Nov 29, 2016 at 11:28
Anggota Sejak Dec 09, 2015
823 pos
USD/CAD couldn't break below 1.3400, good thing I closed my short position on time. There are a pair of shooting star bars on the 1H time-frame below the resistance at 1.3460, so I think there might be another attempt for a move to the downside.
Nov 30, 2016 at 16:35
(diedit Nov 30, 2016 at 16:36)
Anggota Sejak Dec 09, 2015
823 pos
Althought USD/CAD is still mostly consolidating sideways I also noticed the pair of very well-formed doji bars on the weekly time frame under the resistance at 1.3560. I think that unless we see the pair break out above that level the move to the downside remains quite probable.
Anggota Sejak Oct 08, 2015
35 pos
Dec 04, 2016 at 07:46
Anggota Sejak Oct 08, 2015
35 pos
I see very strong bearish sentiment in both mid and long term timeframes. I think holding a short position for a while would be beneficial. Especially as now the markets seem calm with no major news coming until tomorrow.
Trading is like football - if you don't practice you can't win the game!
Dec 04, 2016 at 09:09
Anggota Sejak Sep 14, 2016
18 pos
The production cut have given extra leg to Canadian Dollar but the pair has failed to cheer up the oil rally due to strengthened Dollar. Technically, a break above 1.3329 would lead the pair to high 1.3450 while the immediate support level can be seen at 1.325 whereas major support is at 1.3115.
Anggota Sejak Oct 02, 2014
909 pos
Dec 06, 2016 at 13:38
Anggota Sejak Sep 14, 2016
18 pos
The Loonie kept on back- pedaling following the surge in oil prices due to OPEC production cut. Black gold kept on driving the currency pair since the previous week. On technical ground ,break above 1.3330 would lead to next resistance which is at 1.3405 while the immediate support level can be seen at 1.3249 whereas major support is at 1.3115.
Anggota Sejak Oct 11, 2013
775 pos
Dec 07, 2016 at 07:15
Anggota Sejak Apr 07, 2015
55 pos
The pair seems to by quite bearish of the past couple of weeks. I see contradictory signals from MACD, Momentum and Stochastic indicators on H4 chart, though, so I would avoid trading it for now as it may reverse back up in the next 24 hours.
Anggota Sejak Oct 02, 2014
909 pos
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