Usd/cad

[dianajs]

The pair opened with a bearish gap that did reach 1.3500. It then recovered the gap and is now trading flat, which is normal for this period of the year.

 

[dianajs]

The pair rebounded from 1.3600 after forming a shooting star bar on the 4H time frame. I think it will continue falling towards 1.3540 - 1.3530.

 

[SalvatoreD]

1) D1 - price in the level of support 4:1. I count on the fact that this level will be tested and will be possible false break for a short time.
2) H4 - within the main trend has formed a rising channel. Which was broken. His lower boundary can be tested already in the role of resistance.
3) When 8:1 will be quite weak then, shortly the price breaks 8:1, and the downward movement continues until at least 4:1. Or, it will be test the level of 1.36550

 

[dianajs]

I opened a long position on USD/CAD. The pair has formed a doji bar above the support at 1.3410 on the 4H time frame, I think it will rebound towards 1.3460.

 

[SalvatoreD]

USD / CAD. My thoughts on this currency pair in the coming days.
1. I find that since the price situation is now in the middle of the main trend (D1), then we can expect both downward movement and upward.
For clarity, we use the Gann fan for D1. We can see that the price ranges between 8:1 and 4:1.
2. I drew further movement as a continuation of the oscillation.
3. But if you pay attention to the H4 and Gann fan in this timeframe, we will see a similar situation. The price is at 4:1, and therefore will likely grow to 8:1.
4. Note, however, that the level of 4:1 can serve as the beginning of the correction and return to 2:1.

 

[fxstrategist]

Usdcad

Good support for the USDCAD around the 1.3400 level. The pair has made a triple bottom there on the daily chart.

 

[Pat494]

Going down

 

[dianajs]

Thr pair reached 1.3300 and formed a hammer bar on the 1H time frame. 1.3300 is a strong support and I think we might see a reversal here.

 

[dianajs]

USD/CAD broke below 1.3300 after all and continued dropping. I think that if it breaks below 1.3200 too it will reach 1.3120 next.

 

[arigoldman]

Bearish on the US dollar.

 

[dianajs]

USD/CAD is consolidating above the support zone between 1.3175 - 1.3200. I think if it breaks out below that zone it will reach 1.3120 - 1.3100.

 

[dianajs]

USD/CAD finally broke below 1.3170 and it's still falling. I think the closest target is at 1.2960.

 

[arigoldman]

Out of this for now.

 

[dianajs]

I intend to open a long position, the pair has formed a double bottom at 1.3020 and an inverted hammer bar and a doji bar on the 1H time frame.

 

[Robbe]

I’m having a bid order on USD/CAD until the price reaches the level of at 1.3380. After that, I’m starting to buy.

 

[dianajs]

USD/CAD is rallying and broke above the resistance at 1.3120. I think next target is 1.3190 - 1.3200, where is the previous high.

 

[Arashimuro]

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

 

[fxstrategist]

Usdcad

Good rally on the USDCAD, coming close to the 1.3300 level.

 

[dianajs]

I think that if it breaks out above 1.3280 - 1.3300 it will continue climbing toward 1.3340.

 

[fxstrategist]

Usdcad

The rally on the USDCAD continues, now the pair has broken above the 1.3300 level and it may try to reach the 1.3400 level, which could act as resistance.