Usd/cad

dianajs

Established member
533 8
USD/CAD broke out above 1.3580 and it is still rallying. I think that it will eventually reach the next long-term target to the upside at 1.3800 or even 1.3900.
 

dianajs

Established member
533 8
There's a pullback from 1.3626 and I think it could continue back to 1.3550, but so far there is no signal for a reversal.
 

dianajs

Established member
533 8
USD/CAD reached 1.3696 today, and although there's a pullback from that level for the moment I don't think this is the end of the rally.
 

arigoldman

Established member
626 10
The pair is having a decent rally to the upside as bulls are pushing the price with each day. Good res 1.3720.
 

arigoldman

Established member
626 10
USD/CAD reaches higher this week despite the depreciation of the US dollar. Uptrend seem intact!
 

dianajs

Established member
533 8
After a pullback from 1.3791 on Friday USD/CAD is rallying again today. I think it will attempt another test of the high at 1.3791 soon.
 

fxstrategist

Established member
579 15
The USDCAD is currently stuck around the 1.3700 level, but the bullish trend is still in place on the daily chart. The pair may try visit again the 1.3800 zone.
 

dianajs

Established member
533 8
There is a shooting star bar on the weekly time frame, but the pair is range-bound above 1.3645. I think the move to the upside may not be over yet.
 

arigoldman

Established member
626 10
The upward trend seems strong. Expecting it to continue in the next week.
 

dianajs

Established member
533 8
The upward trend seems strong. Expecting it to continue in the next week.
I thought so too, but USD/CAD formed a second bearish shooting star bar on the weekly time frame at the resistance at 1.3800. The possibility for another rally is decreasing, I think.
 

dianajs

Established member
533 8
I opened a short position and set my target 1.3550. Depending on whether it breaks out below that level I may keep the short position open.
 

dianajs

Established member
533 8
It broke out below 1.3550, I think it will continue falling to 1.3500 - 1.3480 at least. I am still keeping the short position open.
 

arigoldman

Established member
626 10
The Canadian dollar posted some gains against the US dollar. I'm expecting the downtrend to continue in the next week.