Usd/cad

[Stormy42]

The USDCAD bounces again to the upside from the 1.2500 level, which coincides with the 200 week EMA. A visit to the 1.3000 level is possible.

I'm in. Just watch it tank now....

 

[Stormy42]

Im short GBP/MXN

 

[arigoldman]

What the pair gained in the beginning of the week it gave away in the end. But good to buy in again i think.

 

[csc2009]

Bearish trend remains, the pair is consolidating losses on the downside. Further consolidation would increase if break below support zone around 1.2330/40.

 

[dianajs]

Bearish trend remains, the pair is consolidating losses on the downside. Further consolidation would increase if break below support zone around 1.2330/40.

The pair broke out below 1.2330 and kept depreciating. The trend is so bearish that I wouldn't be surprised if it reaches 1.2000 without much of a correction on the way down.

 

[arigoldman]

A new bottom in sight. Expecting more downside.

 

[dianajs]

A new bottom in sight. Expecting more downside.

Me too. Frankly, I would be surprised if it stops depreciating at 1.2000, which it will almost certainly reach soon.

 

[csc2009]

The pair is consolidating with limited upside, but pressure remains on the downside and found the psychological support leve at 1.2000.

 

[dianajs]

USD/CAD is depreciating again and it is at the support at 1.2100, but I think it will keep falling. 1.2060 is the next possible target, should there be a breakout.

 

[arigoldman]

Staying away at the moment but i see a good buying level a little lower around 1.19.

 

[dianajs]

USD/CAD is stuck in a tight range above the support 1.2060 but the trend is still very bearish, so I have little doubt that the pair will eventually reach at least 1.2000 if not 1.1900.

 

[csc2009]

Usd/Cad is consolidating and found support level at 1.2062, further downside is likely to happen if the pair breaks out of the range.

 

[dianajs]

USD/CAD is forming a corrective flag after it rebounded from 1.2062. In on itself that flag can be considered a signal that the downward trend is not over.

 

[arigoldman]

I'm really waiting to go long on the pair!

 

[dianajs]

I opened a long position too. The overall bearish trend doesn't seem to be over yet, but I think it is time for a correction.

 

[dianajs]

USD/CAD met a resistance at 1.2337 and it is currently struggling to break out above that level. If it does, I think it will rally to 1.2400.

 

[arigoldman]

I missed selling at 1.24. I hope it gets back so i can go short.

 

[arigoldman]

Neutral at the moment. Too hard to pick a direction.

 

[dianajs]

USD/CAD is within the resistance zone between 1.2470 and 1.2430. I think it is possible to see a reversal and a new drop in the next few hours to a few days.

 

[csc2009]

Usd/Cad consolidating higher near 1.25 level, break above resistance level around 1.2530/40, uptrend would continue towards 1.2650.