USDCAD

Looking to go short soon.

Dollar demand remains strong, the pair broke above 1.31 level, next target will be at 1.32 handle.

Short entry seems like a good deal now.

The pair seems to stay neutralafter initially broke above 1.31 level.

USD/CAD is moving up nicely.

The pair will probably continue consolidation around 1.29 level during the holiday.

USD/CAD - seems forming ugly H&S on 4H, but seems a bit early to go in short :)

The Canadian dollar lost some points to the US dollar. US session could bring it back under 1.27.

I believe that USDCAD has found a support now and thus I will buy with SL at 1.2580 and TP at 1.2635 God-willing.

Happy trading

I'm looking to go long at about 1.25-1.2450.

USDCAD: A base already formed?

USDCAD closed back above 200 day MA and threatens to close above the downtrend channel.

Short term some upside movement is likely.

If so, today ideally should not close below 1.2580.

The downtrend from last month could only be counted as 3 waves.

1.2815/27 will be key levels to watch.

Directly close below 1.2527 will negative this view.

USDCAD Trade Idea:

Buy limit @ 1.2588 stop 1.2525 for 1.2716

Tomorrow's Core CPI will have an impact on the pair. I'm bearish on the Cad.

USDCAD: Take profit and look to re-buy dips

USDCAD already closed above downtrend channel and keep closed above 200 day MA.

On intraday chart, we see the uptrend is overlapped and could be counted as an abc correction.

According to my system, even closed at current level, will also generate a weekly sell signal.

Seasonal Candian Dollar strength from April to July should also be taken into account.

We suggest take profit on yesterday's long position from 1.2588 (spot 1.2663) and look to re-buy dips.

If today close below 1.2633/18, that will indicate further consolidation ahead.

Directly break recent low, will indicate the downtrend resume.

USDCAD Trade Idea:

Buy limit @ 1.2597 stop 1.2510 for 1.2717

The pair is consolidating its gains, bullish trend is not over just yet.

The pair is now at the 50SMA, strong support is seen at 1.31.

USDCAD had a good week of upward move, i think next one would be a continuation of consolidation.

arigoldman posted:
USDCAD had a good week of upward move, i think next one would be a continuation of consolidation.

The pair continues to sideway trading between 1.29 to 1.28.

The pair is still trading sideways, continue showing no clear directional strength.

Hi,
CAD is weakening potential target is in range of 1.31. WTI Oil is going lower and USD getting stronger.