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USDCAD
Member Since Oct 11, 2013
769 posts
Oct 09, 2018 at 02:17
The USDCAD finds a good resistance around the 1.3000 level, where we can find the 55 day EMA. In case of going back to the downside, the 1.2800 level could act as support. To the upside, the 1.3081 level could act as resistance.
Member Since Oct 02, 2014
905 posts
Oct 10, 2018 at 09:19
Immediate res is seen at 1.30, above it I think bulls will aim for 1.3130.
Positivity
Member Since Oct 02, 2014
905 posts
Oct 12, 2018 at 14:06
It's looking bullish. If next week we see 1.3120 I'm considering going short on the pair.
Positivity
Member Since Oct 02, 2014
905 posts
Oct 17, 2018 at 07:55
Seems to have consolidated around the 1.30 area. I don't think there will be anything major happening to this pair soon.
Positivity
Member Since Oct 04, 2018
9 posts
Oct 17, 2018 at 10:31
Very difficult to read this pair at the moment. I am moving from trending strategies to range trading strategies.
Member Since Oct 02, 2014
905 posts
Oct 19, 2018 at 12:51
The USD/CAD pair went to a high of 1.3116 on negative CAD data. Very close to my short entry at 1.3130. Let's see if it will get there.
Positivity
Member Since Oct 02, 2014
905 posts
Oct 26, 2018 at 10:33
USDCAD broke the resistance at 1.3120. I think bulls will try to bring the pair up to 1.3230 and form a double top there.
Positivity
Oct 31, 2018 at 11:54
Canada GDP soon to be released. Nice opportunity to make some pips.
https://groundfinance.com/canada-gdp-release-preview/
https://groundfinance.com/canada-gdp-release-preview/
Member Since Oct 02, 2014
905 posts
Oct 31, 2018 at 14:15
The USDCAD is above immediate resistance. 1.3225 is a good short entry level if reached.
Positivity
Member Since Oct 02, 2014
905 posts
Nov 07, 2018 at 16:03
Not much has happened lately to the pair. I'm neutral to positive on the pair.
Positivity
Member Since Oct 02, 2014
905 posts
Nov 13, 2018 at 17:52
Good selling point at 1.3260.
Positivity
Member Since Oct 11, 2013
769 posts
Nov 15, 2018 at 03:17
The USDCAD forms what it appears to be a pennant formation on the daily chart. From the current level at the 1.3234, the pair may head in any direction, but the bullish trend in the short term is still in place. To the upside, its next resistance could be the 1.3289 level. It nearest support is at the 1.3200 level, followed by the 1.3100 level.
Member Since Oct 02, 2014
905 posts
Nov 20, 2018 at 10:19
The pair is trying to correct, I'm still bearish, tho. I hope it reaches 1.30.
Positivity
Member Since Oct 02, 2014
905 posts
Nov 21, 2018 at 14:49
I got squished. I decided to blame the algos!
Positivity
Member Since Oct 02, 2014
905 posts
Nov 28, 2018 at 13:53
1.3390 seems to me like a good short entry.
Positivity
Member Since Oct 02, 2014
905 posts
Nov 30, 2018 at 12:23
It's getting closer to the resistance level at 1.3390. Possibly, bears will try to bring it down.
Positivity
