Usd/cad

Dec 9, 2015
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#62
The pair has almost reached the support at 1.2660. In my opinion even if it does break below that level, first we might see it retrace back to 1.2700 or higher before it continues falling.
 
Feb 16, 2016
62
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#64
Well, the asset moves as I’ve predicted. I think that I can earn even more on USD/CAD! Definitely, the show must go on =)
 
Dec 9, 2015
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#65
The pair broke below 1.2650, the next immediate target is at 1.2600, but I think we will see it fall much lower than that level in the coming weeks. I initially thought we would see some retracement once it reached 1.2660, but apparently the bearish trend is still too strong.
 
Dec 9, 2015
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#66
USD/CAD broke below 1.2600 and continues dropping, it didn't even retrace at the support at 1.2660 which is MA89 on the weekly time frame as I thought it would. The bearish trend clearly continues and next long-term target is around 1.2000, I think.
 
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tomorton

Well-known member
Feb 28, 2002
7,053
916
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Exeter
#69
DailyFX.com report the majority of their retail traders have been net long on this pair since the 8th.

Ah well, for every winner there has to be a loser.
 
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Dec 9, 2015
533
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#70
USD/CAD will continue dropping, I think. The trend is clearly very bearish still and there is no signal even for the beginning of consolidation, let alone a reversal. The pair is currently testing 1.2500 and I have almost no doubt that it will break below that level.
 

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
#71
she is going down slow as she does not want to be noticed...Bears after they took profit want to reenter at a better price...
 
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