Usd/cad

This is a discussion on Usd/cad within the Forex forums, part of the Markets category; I知 having a little loss right now, but I think I値l close the deal with profit....

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Old Apr 18, 2016, 9:38am   #61
 
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I知 having a little loss right now, but I think I値l close the deal with profit.Click the image to open in full size.
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Old Apr 19, 2016, 1:44pm   #62
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The pair has almost reached the support at 1.2660. In my opinion even if it does break below that level, first we might see it retrace back to 1.2700 or higher before it continues falling.
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Old Apr 20, 2016, 2:11pm   #63
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Expecting a possible correction to 1.29.
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Old Apr 21, 2016, 6:24am   #64
 
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Well, the asset moves as I致e predicted. I think that I can earn even more on USD/CAD! Definitely, the show must go on =) Click the image to open in full size.
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Old Apr 21, 2016, 1:22pm   #65
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The pair broke below 1.2650, the next immediate target is at 1.2600, but I think we will see it fall much lower than that level in the coming weeks. I initially thought we would see some retracement once it reached 1.2660, but apparently the bearish trend is still too strong.
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Old Apr 27, 2016, 1:46pm   #66
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USD/CAD broke below 1.2600 and continues dropping, it didn't even retrace at the support at 1.2660 which is MA89 on the weekly time frame as I thought it would. The bearish trend clearly continues and next long-term target is around 1.2000, I think.

Last edited by dianajs; Apr 27, 2016 at 2:13pm.
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Old Apr 28, 2016, 12:37am   #67
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Usdcad

The USDCAD keeps its bearish trend on the daily chart and we can see how the 21 EMA has acted as a very good resistance.
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Old Apr 28, 2016, 12:40am   #68
 
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on its way down
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Old Apr 29, 2016, 10:51am   #69
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DailyFX.com report the majority of their retail traders have been net long on this pair since the 8th.

Ah well, for every winner there has to be a loser.

Last edited by tomorton; Apr 29, 2016 at 1:49pm.
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Old Apr 29, 2016, 1:40pm   #70
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USD/CAD will continue dropping, I think. The trend is clearly very bearish still and there is no signal even for the beginning of consolidation, let alone a reversal. The pair is currently testing 1.2500 and I have almost no doubt that it will break below that level.
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Old Apr 29, 2016, 2:33pm   #71
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she is going down slow as she does not want to be noticed...Bears after they took profit want to reenter at a better price...

Last edited by Fugazsy; Apr 29, 2016 at 2:40pm.
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Old Apr 30, 2016, 3:15pm   #72
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I think the pair is about to turn direction.
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Old May 2, 2016, 5:54am   #73
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Usdcad

The USDCAD keeps its bearish trend, stalling momentarily around the 1.2500 level, the pair may continue lower.
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Old May 2, 2016, 1:52pm   #74
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I agree, USD/CAD will most likely break below 1.2500 and continue falling toward 1.2000.
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Old May 5, 2016, 11:40am   #75
 
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There is a bullish trend developing on EUR/USD/CAD pair.Click the image to open in full size.
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