Usd/cad

[dianajs]

The pair bounced off 1.3095 and the last closed candlestick on the four-hour time frame is a doji, I think there will be a move to the downside towards 1.3000 - 1.2990.

 

[dianajs]

The pair also formed a shooting star candlestick on the four-hour time frame below the resistance at 1.3095, but the pair is still consolidating sideways. Time will tell whether these signals are valid or not.

 

[arigoldman]

Bullish on the pair for the short-term.

 

[dianajs]

I agree, for now the pair is still quite bullish and testing the resistance at 1.3170. I don't have any positions open at the moment though, I might wait to see what the results of the FOMC statement will be first before I open new ones.

 

[10pips]

Struggling to break out of that range zone on weekly/monthly timeframe - moving averages are flat as well. Break-out to the upside should see 13600+?

Got a intra day long from 13150 with 40pips stop loss. Not expecting this trade to last too long.

25pips+ at the moment.

 

[piphoe]

bought 13230

 

[piphoe]

buying 13214

 

[10pips]

Closed off for 70pips+. Will buy again from 13125?

 

[dianajs]

I think the pair will be stuck in the sideways consolidation that started yesterday between 1.3240 and 1.3190 until the Federal Funds rate announcement tomorrow.

 

[10pips]

Was taken out on few positions overnight on other FXs otherwise would consider 13125 as a buy entry for USD/CAD.

 

[dianajs]

USD/CAD is quite bullish indeed, but it still hasn't broken above 1.3240 and I doubt that will happen before the FOMC statement later today.

 

[10pips]

"Was taken out on few positions overnight on other FXs otherwise would consider 13125 as a buy entry for USD/CAD. "

Would have considered a long here if it was earlier in the week. Will now sit on the sideline til next week.

 

[dianajs]

USD/CAD formed a doji candlestick above the support at 1.3120 on the four-hour time frame and I opened a long position with target 1.3180.

 

[dermotobrien]

Short, looking at 1.3000 - stop 1.3270

 

[Arashimuro]

I think that the asset will go for breaking the bottom line after reflecting from the upper bound.

 

[dianajs]

USD/CAD seems to be in freefall right now. The nearest target is 1.3020 and I think it will likely reach it especially if it breaks below 1.3050.

 

[stephen2003]

Sell

usd/cad seems to be in freefall right now. The nearest target is 1.3020 and i think it will likely reach it especially if it breaks below 1.3050.

 

[Robbe]

The price on USD/CAD moves to resistance level. When 1.33 mark will be passed, I’m gonna sell.

 

[dianajs]

The pair rebounded from 1.3140, but the drop once again ended at 1.3000 and it appears that the pair has formed a double bottom there. I expect a new move to the upside.

 

[dianajs]

It looks like the pair is forming a relatively tight range. After the move to the upside yesterday USD/CAD rebounded from 1.3150 and more importantly, it formed a hanging man candlestick on the daily tile frame below the same resistance level. I think next target is 1.3000 again, especially if it breaks below 1.3080.