Usd/cad

[arigoldman]

Neutral on the pair.

 

[Robbe]

The price on USD/CAD moves to resistance level. When 1.3000 mark will be passed, I’m gonna buy.

 

[dianajs]

USD/CAD broke above 1.3150, I think that next target is at least 1.3200, perhaps even 1.3300.

 

[dianajs]

USD/CAD is still very bullish despite today's retracement to 1.3130. I think that the 1.3200 target remains unchanged for now.

 

[dianajs]

The pair reached 1.3235 and rebounded from that resistance after forming a doji bar on the one-hour time frame below that level. I think it will retrace to 1.3180.

 

[dianajs]

The pair is rebounding from 1.3240 again after forming a spinning top bar on the one-hour time frame again. I think it will drop towards 1.3180 - 1.3170.

 

[dianajs]

USD/CAD is consolidating between 1.3140 and 1.3160 but the pair has also formed a hammer bar on the 4-hour time frame above the support at 1.3140, so I think there will be a move to the upside towards 1.3180 or even 1.3200 soon.

 

[dianajs]

There is a strong resistance around 1.3200 - 1.3220. USD/CAD is testing it, but I think that there won't be a breakout before the FED interest rate is announced tomorrow.

 

[dianajs]

USD/CAD is still consolidating and it has formed a doji bar and a shooting star bar on the daily time frame under the resistance at 1.3240. Under normal circumstances I would say that is a signal for a move to the downside, but I think that we'll have to wait for the news later today to confirm that.

 

[dianajs]

After the news yesterday the pair dropped with 180 pips but it found support at 1.3000 again. So far there is no signal that this is the end of the drop, so I think that if it breaks out below 1.3000 it will reach 1.2900 - 1.2880.

 

[dianajs]

The pair rebounded from 1.3000 but it has also formed a shooting star bar on the one-hour time frame below the resistance at 1.3160 so I think there will likely be a new move to the downside.

 

[dianajs]

USD/CAD formed hammer bar above the support at 1.3130 and started climbing, I think next target is at 1.3200.

 

[10pips]

I have short order @ 13205 with 35pip stop loss and smaller than usual stakes - Will average in but majority CAD pairings have been bullish since last Friday's Canadian data.

 

[10pips]

I have short order @ 13205 with 35pip stop loss and smaller than usual stakes - Will average in but majority CAD pairings have been bullish since last Friday's Canadian data.

-35pips

3pips more than where my stop loss is...now trading @ 13170.

 

[Robbe]

There is a bullish trend developing on USD/CAD pair.

 

[dianajs]

USD/CAD is testing the resistance at 1.3270, I think that if it breaks out above that level it will reach 1.3300 or even 1.3340.

 

[dianajs]

Yesterday the pair failed to break above 1.3270 and dropped towards the support at 1.3050. So far it's rebounding from it, but I think that if it does break below that level it will reach 1.2940 - 1.2930.

 

[Fugazsy]

1.3145 would be an ideal to short, but also before that if she tries at lest twice to go north...

 

[Will Duxon]

There is a bullish trend developing on USD/CAD pair.

Based on my view of historical data, my thoughts were in line with Robbe's post (see above), so I was waiting for USDCAD to turn north rather than expecting to see it head further south. My 5-minute chart suggested this happened around 02:00 GMT today.

I therefore entered a trade in two separate accounts looking to reap at least 10 pips profit in each case. The first is my own multiple envelope approach to trading and the second is a 5-minute Prabolic SAR & MACD forex scalping system I'm taking a look at.



After getting in on the trades late, I compared the second Take Profit target from the 5-minute scalping system to the first Take Profit "signal" from my own, which is not set, but is "triggered" when price makes contact with the top of all three envelopes. (The second image is from earlier in the day, when I initially entered the positions. The first image was captured after I had already initially taken profit.)

 

[dianajs]

Considering the two hammer bars on the daily time frame above the support at 1.3060, I think we will see a move to the upside towards 1.3250 for now.