Usd/cad

[dianajs]

I don't think there is any signal for a long yet. It's possible the pair will break below 1.2950, but I don't think that will happen before Monday.

 

[arigoldman]

I think it's bottoming out and soon it'll start rising.

 

[dianajs]

I think it's bottoming out and soon it'll start rising.

You were right, it did. I think next target is around 1.3200 - 1.3220.

 

[piphoe]

...heading lower as I type.

 

[j.n]

It's not a bad spot to get short. I'd save some lots, just in case.

 

[dianajs]

I too think it will start falling, as there is a shooting star candlestick on the daily time frame.

 

[j.n]

Haha! I love being right. I'd cover that short here. That's a solid 40 pips.

 

[dianajs]

I think it will continue falling towards target 1.3000 - 1.2970.

 

[arigoldman]

It's really going sideways after yesterday's roller-coaster.

 

[dianajs]

I think it will reach the previous low at 1.2920, but I wonder whether it will be able to break below that level.

 

[Robbe]

I’m having a little loss right now, but I think I’ll close the deal with profit.

 

[fxstrategist]

Usdcad

Once again, the 21 day EMA on the USDCAD has hold the price to the upside and now a bearish drop may continue.

 

[dianajs]

I think now that the pair has broken above the resistance at 1.3100 it may continue rising towards the next level of resistance at 1.3320.

 

[alexbransonuk]

The couple made larger correction south along good data on oil this afternoon, but I think this is temporary and that it will again take up

 

[forker]

Been loving this pair the last couple of weeks.

 

[Robbe]

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

 

[dianajs]

The trend is very bearish indeed, but I think the pair will retrace back to 1.2900 at least before it makes another attempt to break below the support at 1.2850.

 

[arigoldman]

Bears are not done yet as it seems.

 

[fxstrategist]

Usdcad

The USDCAD keeps dropping as oil rallies. The pair breaks below the 1.2800 level, and it may be looking for the 1.2700 level.

 

[dianajs]

The pair found some support at 1.2750 and it may retrace back to 1.2800 and above, but I don't think this is the end of the bearish trend.