USDCAD

USD/CAD tried to make a bullish move on Friday but somehow failed short and now price is 1.3092. Improved momentum can drive the pair during the next week.

it appears that with what UC did in January.. it will be tough to go above 1.32 ish.. before it falls back down under 1.30.. it barely reached the monthly 38.2% fib.. before it went right back down.. all I want (in total honesty) is to see it MOVE.. this past week was the most boring of all with 40-50 pips days.. and multiple dojis ... give us momentum & volatility ohhh Fx god.. 😉

good luck to you all

The pair is bullish and I think it will soon reach 1.3170. Also, if it breaks out above that level the next target should be around 1.3200 - 1.3210.

USD/CAD did break out above 1.3170. I think that if it breaks out above 1.3200 too it will reach 1.3280.

Guys , keep in touch, I love those comments !!

I totally agree with you, 1.32 being the 38% retracement of last month's candle, there should definitely be some activity around that level..

good luck :)

on the daily chart, next target is definitely 1.3280 on UC..

The pair rebounded from 1.3200 after forming a rather impressive spinning top bar on the daily time frame at that level. I think next target is at 1.3060.

USD/CAD got some positive vibes this week and is now trading at 1.3105.

dianajs posted:
The pair rebounded from 1.3200 after forming a rather impressive spinning top bar on the daily time frame at that level. I think next target is at 1.3060.

There is too much movement with this pair, I definitely hope the trend is bullish. I want to see some of that over there.

Hello,
USD/CAD - Bullish momentum may push the price for test at 1.3210.

The weak daily volatility is a major obstacle to a pronounced rebound of the pair. Watch pullback towards 1.3010 (lower band of daily Bollinger) before the support at 1.2975 (daily parabolic). The utmost caution is in order, as a break below this last level would release significant downside, opening the way for a more pronounced decline towards 1.2908 (Fibonacci projection) and the support around 1.27801.28.

USD/CAD is back to testing 1.3200. I think that next target is at 1.3250 - 1.3260 if it breaks out above the resistance and in my opinion it will, considering the bullish bars on the weekly time frame.

seems like we have contradicting views offered here.. ;)
My view is that given the bullish start this week and the recent break of 1.3210 this morning... we should see 1.3250 -1.3280 in the near future .. and if the god of Fx shall bless us all, it will give us an entry around 1.33 to SHORT like kids on christmas day..

PS let's not forget the BOC interest rate decision tomorrow .. nothing is expected there.. meaning a continued bullish move until the abovementioned levels are met

talk to you soon guys :)

i say up to 1.3294

Hello,
USD/CAD - After the rally, some t/p taking may come out, but the bias is for long. Most likely we will see soon 1.3380 - the high of Jan 20, 2017

Not only did it reach 1.3260 but it climbed above that level and continued rallying. I think that for the moment the rally will continue toward 1.3400.

Hello,
USD/CAD - It seems may rise further and I still expect price test at 1.3380.

Immediate upside resistance is seen near 1.3385-90 region (Jan. 20 high), above which the pair seems all set to head towards its next resistance near 1.3435-40 region, en-route 1.3500 psychological mark. On the downside, 1.3315 level now seems to act as immediate support, which if broken might drag the pair back towards 100-day SMA resistance break-point, now turned important support, near 1.3375 region.

Most definitely a nice rallye.. not only did it NOT give us a break at the 161.8% weekly fib expansion, it is heading for january's high / this week's 127% fib expansion around 1.34.. at this point, in my opinion we should see a retracement until around 1.3280-1.33 zone before it goes back up to it's next level mentioned by FX Tools.. ( I see 1.3540 ish..)

To be noted, today, thursday, the move seems a lot less volatile showing the bullish move is losing steam and getting ready to give a chance to the bears to do their thing..

good luck everyone :)