Usd/cad

[dianajs]

USD/CAD tested 1.3030, but it formed a hammer and an inverted hammer candlestick above that level on the four-hour time frame. I think that may have been the end of the current move to the downside.

 

[dianajs]

USD/CAD is still testing the support at 1.3000 but I don't think there will be a breakout before the NFP later today.

 

[10pips]

I placed a order to go long 13000 with 25pip SL - Hopefully I don't get major slippage during NFP.

 

[arigoldman]

Big move on Friday.

 

[dianajs]

The pair reached 1.3200 due to the NFP, but it retraced from that resistance. I think next week it will test that level again.

 

[dianajs]

There is a spinning top candlestick on the daily time frame below the resistance at 1.3200 and I think that for now the pair will reach the support at 1.3100 again.

 

[Robbe]

I can see an excellent entrance to the USD/СAD market after passing the 1.3100 level. The price will go down.

 

[fxstrategist]

Usdcad

The USDCAD is still consolidating below the 1.3200 level. A breakout may take it to the 1.3300 zone.

 

[dianajs]

There is a double top below the resistance at 1.3190, I think we will see a further move to the downside before the pair continues rising.

 

[dianajs]

Yesterday the double top was a very clear signal for a move to the downside and the pair reached the support at 1.2990 but then rebounded from it. I think that next target to the upside is around 1.3080.

 

[piphoe]

short 13052

 

[piphoe]

add short 61

 

[tomorton]

I'm not in this pair but hoping it succeeds in finally finally breaking out into 1.33+ territory. But its not exactly an olympic sprinter is it?

 

[dianajs]

For the moment the pair is bearish. It bounced off 1.3080 and I think next target is 1.3000 again.

 

[piphoe]

add short 61

out 13014

 

[piphoe]

long 12974

 

[piphoe]

add long 12962

 

[dianajs]

I have a short-term long position with target 1.2990. Even if it retraces now the move to the downside isn't over, I think.

 

[arigoldman]

Bearish on the pair.

 

[dianajs]

USD/CAD could rebound from 1.2900, but if it breaks below that level it I think it will continue dropping towards 1.2800, maybe even 1.2700. If it does break below 1.2900 I will open new short positions.