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USDCAD
på
Erfaren Traders
Jul 14, 2016 at 10:13
The pair has almost reached 1.2900. I think that if there's a breakout below 1.2870 the pair will continue falling towards 1.2800.
USDCAD
på
Erfaren Traders
Jul 13, 2016 at 16:09
The BoC rate decision announcement today caused a 100 pips drop and USD/CAD is back to testing 1.2950. I think that if there's a breakout below that level it will continue dropping towards 1.2900 - 1.2870.
USDCAD
på
Erfaren Traders
Jul 12, 2016 at 11:11
The pair broke below 1.3050 today and I think it may continue falling towards 1.2950 - 1.2940 but tomorrow the Bank of Canada will announce is interest rate statement, so it also depends on its effect on the pair.
USDCAD
på
Erfaren Traders
Jul 11, 2016 at 13:54
USD/CAD is still moving to the upside and it will soon test the resistance at 1.3100. I think that if breaks out above that level it will continue climbing towards the previous high at 1.3187.
USDCAD
på
Erfaren Traders
Jul 08, 2016 at 08:30
The pair is stuck in a very tight range while everyone are waiting for the US Change in Non-farm Payrolls announcement. Let's hope it will cause more than a whipsaw.
USDCAD
på
Erfaren Traders
Jul 07, 2016 at 13:45
I managed to close that long position on time, thankfully. USD/CAD is moving in a tight range at the moment and I think next target is 1.2840 - 1.2830.
USDCAD
på
Erfaren Traders
Jul 06, 2016 at 15:34
I opened a long position yesterday and I am still keeping it open, because the pair has formed a new high above 1.3050 and I think the next target will be 1.3080 - 1.3090.
USDCAD
på
Erfaren Traders
Jul 05, 2016 at 12:09
I admit I wasn't expecting this move to the upside today, nor did I see any signals for it before it started. The only indication was that it was struggling to break below 1.2850.Now the question is how much higher it will climb. The first target is 1.3000, I think.
USDCAD
på
Erfaren Traders
Jul 04, 2016 at 14:17
I agree, the pair is still very bearish and it broke below 1.2880. The closest target is 1.2800, but I think it will fall lower than that.
USDCAD
på
Erfaren Traders
Jul 01, 2016 at 14:20
That wasn't the end of the move the downside, thankfully, because the pair found resistance at 1.3015, which is the middle line of the Bollinger Bands indicator on the four-hour time frame and started falling again. For the moment it's testing the support at 1.2880 and I think that if it breaks below that level next target will be 1.2700.
USDCAD
på
Erfaren Traders
Jun 30, 2016 at 14:16
I am looking at the four-hour time frame and I am questioning whether that was the end of the move to the downside. The pair reached 1.2830, formed a doji and a hammer candlestick above the support there and is now moving up again. I expected a bigger drop.
USDCAD
på
Erfaren Traders
Jun 29, 2016 at 16:05
I am starting to doubt that the pair will break above 1.3100 right away, it has been testing it for a while now and it still hasn't been able to break above that level. We might see a move to the downside first, before it makes another attempt to break above the resistance.
USDCAD
på
Erfaren Traders
Jun 28, 2016 at 15:50
The pair is very bullish although it is still testing the resistance at 1.3100. I think today it it will likely break above that level.
USDCAD
på
Erfaren Traders
Jun 27, 2016 at 15:58
The pair is still quite bullish and it's currently testing the resistance at 1.3100. I think that if it breaks above it it will reach 1.3170 next.
USDCAD
på
Erfaren Traders
Jun 24, 2016 at 12:46
Although USD/CAD is not a EUR or GBP-related pair Brexit still had a big effect on it and caused a big move to the upside. We'll have to wait until next week to find out whether it's temporary or if it's the beginning of a reversal.
GBP/USD daily outlook
på
Erfaren Traders
Jun 24, 2016 at 12:46
Like everyone else, I too thought there would be a major drop if Brexit actually came to pass, but I admit I wasn't expecting the drop to be that huge, though in retrospect maybe I should have. Considering the current situation, the decline is likely to continue.
USDCAD
på
Erfaren Traders
Jun 23, 2016 at 13:07
USD/CAD reached 1.2677 and bounced off of the support there but I think that's just temporary. So far there's no signal that the move to the downside is over.
USDCAD
på
Erfaren Traders
Jun 22, 2016 at 09:21
The pair is very undecided at the moment, but I think we will see another drop to 1.2760 - 1.2750.
GBP/USD daily outlook
på
Erfaren Traders
Jun 20, 2016 at 17:25
The pair reached 1.4700 but then bounced off of it and now it's back below 1.4650. Whether or not this is just temporary is uncertain at this point, we'll see a lot more volatility and no clear direction in the coming days.
USDCAD
på
Erfaren Traders
Jun 17, 2016 at 12:41
USD/CAD almost reached 1.31 before it rebounded back to 1.2900 and today it broke below that level. On the daily time frame there's a great doji candlestick, so I expect a further move to the downside towards 1.2800.
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