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USDCAD
Member Since Oct 02, 2014
905 posts
Jul 17, 2016 at 10:23
Neutral on this one.
Positivity
Member Since Oct 11, 2013
769 posts
Jul 18, 2016 at 03:40
No clear direction on the USDCAD, the 1.2900 is acting as support and the 1.3000 level as resistance.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jul 18, 2016 at 20:35
(edited Jul 18, 2016 at 20:40)
Magiic posted:rob559 posted:
started going short nzdcad, grid style,spaced 100 pips,will hit the top soon and then reverse,i'm on day chart
That escalated quickly!
yes it did
with some experience those things are easy to predict
https://www.mql5.com/en/charts/5478078/nzdcad-d1-international-capital-markets
Member Since Oct 02, 2014
905 posts
Jul 19, 2016 at 10:26
Bearish on the pair.
Positivity
Member Since Jul 12, 2016
80 posts
Jul 21, 2016 at 08:25
Target Level : 1.3025
Target Period : 6 hours
Analysis :
Triangle identified at 21-Jul-00:00 2016 GMT-2. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.302 within the next 6 hours.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.3076Last resistance turning point of Triangle.
Support Levels
( A ) 1.3025Last support turning point of Triangle.
Jul 21, 2016 at 09:02
(edited Jul 21, 2016 at 09:13)
The pair also formed a shooting star candlestick on the four-hour time frame below the resistance at 1.3095, but the pair is still consolidating sideways. Time will tell whether these signals are valid or not.
Member Since Oct 11, 2013
769 posts
Aug 01, 2016 at 05:33
The USDCAD stalls at the 1.3000 level, a breakdown could take it to the 1.2900 level, but a bullish bounce could take it to the 1.3100 level.
