Usd/cad

This is a discussion on Usd/cad within the Forex forums, part of the Markets category; I agree, it's still consolidating after the last rally. I'd open a new long after it breaks above the last ...

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Old Dec 20, 2015, 12:15pm   #16
Joined Dec 2015
I agree, it's still consolidating after the last rally. I'd open a new long after it breaks above the last high at 1.4000.
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Old Dec 23, 2015, 8:50am   #17
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The pair found some serious resistance at 1.40. It's unlikely it will break above that level before 2016.
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Old Dec 24, 2015, 12:30am   #18
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Nice pullback on the USDCAD, helped by the rally on oil. Still, the 1.3800 could act as support and the trend is still bullish.
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Old Dec 24, 2015, 9:45am   #19
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Right now the support is at 1.3840. A breakout below that level would mean that it will fall to 1.3800, possibly even 1.3750.
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Old Dec 25, 2015, 11:22pm   #20
 
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The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didnít harm me much. I think that USD/CAD asset will go down.
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Old Dec 26, 2015, 4:10pm   #21
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Good move last week.
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Old Dec 28, 2015, 12:08pm   #22
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USD/CAD bounced off 1.3820 and is currently testing 1.3890. I think it will reach 1.3900, possibly 1.3930 before the end of the holidays but it's doubtful the bullish trend will continue before the new year.
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Old Jan 17, 2016, 4:36pm   #23
 
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I can see two scenarios here Ė the basic (1) and alternative (2).
usdcad.jpg
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Old Jan 18, 2016, 2:20pm   #24
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Or it will continue climbing towards 1.4650.
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Old Jan 19, 2016, 10:50pm   #25
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Usdcad

The USDCAD goes back up close to the 1.4600 level, the bullish trend is still in place.
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Old Jan 20, 2016, 10:23am   #26
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And it broke above 1.4600. Next target is 1.4700, but this rally can't last forever.
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Old Feb 15, 2016, 11:06pm   #27
 
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Right now, I canít see the entrance for opening a deal on the asset, so Iíll wait until the price reaches one of the levels, and then Iíll make a decision.
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Old Feb 17, 2016, 2:05am   #28
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Usdcad

Consolidation continues on the USDCAD, daily chart. Possible triangle formation. 21 day EMA acting as good resistance. Waiting for breakout.
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Old Feb 18, 2016, 8:21am   #29
 
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I thought the price would be more dynamic, but now it moves very inertly. I expected more.Click the image to open in full size.
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Old Feb 19, 2016, 10:48am   #30
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That seems like a clearly defined double bottom to me. It's possible it will start climbing again.
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