USDCAD

paidsignals
paidsignals
Apr 09, 2016 at 10:41
21,831 Views
659 Replies
dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 13, 2016 at 12:55
USD/CAD continues consolidating above 1.3100 but the pair is very bearish and I think we will see a further decline towards 1.3050.
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GFernandez78
GFernandez78
Member Since Oct 08, 2015   35 posts
Dec 14, 2016 at 07:13
From a daily point of view USDCAD is quite bearish and oversold. It think it's close to reversal. I wouldn't expect it to go further down crossing the support at 1.3103. Momentum shows some signs of upward movement already.
Trading is like football - if you don't practice you can't win the game!
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 15, 2016 at 16:56
FED hiking the interest rate yesterday caused a great rally. I think the closest target is 1.3430 and after that the pair will continue climbing towards the previous high at 1.3588.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 16, 2016 at 11:56
For the moment it's retracing after the big move to the upside, but I don't think that's the end of the rally. I still have long positions open.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 19, 2016 at 16:45
While the first target USD/CAD could reach if it breaks out above 1.3400 is 1.3450 I think that the overall bullish move will continue at least until the pair reaches 1.3536, which is the previous high.
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williejfx
williejfx
Member Since Nov 21, 2016   1 posts
Dec 20, 2016 at 07:51
A Double top on the 4hr chart with a rsi divergence, if the top hold , USD/CAD could fall 200 pips.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 21, 2016 at 17:01
Although the pair rebounded from 1.3430 for now it is moving to the upside again and it will likely test that level once more. All that said, I think that it will mostly consolidate sideways in the coming days because of the holidays.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 22, 2016 at 12:35
The pair is still very bullish, I think that next target is at 1.3500 - 1.3520.
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arigoldman
arigoldman
Member Since Oct 02, 2014   905 posts
Dec 24, 2016 at 13:02
Good move last week.
Positivity
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 26, 2016 at 16:28
USD/CAD is testing the resistance at 1.3550, but considering the spinning top bar on the 4H time frame I think that this week it might rebound towards 1.3500 again.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 27, 2016 at 11:05
The pair opened with a bearish gap that did reach 1.3500. It then recovered the gap and is now trading flat, which is normal for this period of the year.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Dec 28, 2016 at 16:51 (edited Dec 28, 2016 at 16:57)
The pair rebounded from 1.3600 after forming a shooting star bar on the 4H time frame. I think it will continue falling towards 1.3440 - 1.3430.
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arigoldman
arigoldman
Member Since Oct 02, 2014   905 posts
Dec 31, 2016 at 16:27
Bearish for the short-term.
Positivity
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Jan 02, 2017 at 16:23
I opened a long position on USD/CAD. The pair has formed a doji bar above the support at 1.3410, I think it will rebound towards 1.3460.
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rob559
forex_trader_29148
Member Since Feb 11, 2011   1768 posts
Jan 03, 2017 at 07:18
i'm short too
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Jan 04, 2017 at 14:42
Thr pair reached 1.3300 and formed a hammer bar on the 1H time frame. 1.3300 is a strong support and I think we might see a reversal here.
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rob559
forex_trader_29148
Member Since Feb 11, 2011   1768 posts
Jan 05, 2017 at 07:47
will reverse but not now or tomorrow ,couple of days maybe
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rob559
forex_trader_29148
Member Since Feb 11, 2011   1768 posts
Jan 05, 2017 at 07:50
look at wpr indy on daily chart
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rob559
forex_trader_29148
Member Since Feb 11, 2011   1768 posts
Jan 05, 2017 at 15:58
reverse underway soon
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Jan 05, 2017 at 17:02
USD/CAD broke below 1.3300 after all and continued dropping. I think that if it breaks below 1.3200 too it will reach 1.3120 next.
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