USD/CAD Analysis - page 16

New comment
 
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.
 
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 short positions.
 
The pair is very bearish and I think it will reach 1.2800 soon. If it breaks out below that level it will continue dropping towards 1.2750 - 1.2740.
 
USD/CAD bounced from 1.2800 and is testing 1.2900 again. I think that if it breaks out above that level it will reach 1.2930 - 1.2950.
 
The strong bearish trend continues despite the retracement yesterday, I think next target is around 1.2660.
 
USD/CAD is consolidating sideways and it has formed a doji candlestick on the one-hour time frame. I think the pair will drop and its first target will be around 1.2870.
 

Will be keeping a close watch on the instrument, see where it is heading.

 
USD/CAD formed a pair of hammer candlesticks on the 1-hour time frame above the support at 1.2870, I think next target will be around 1.2930 - 1.2950.
 
USD/CAD is testing 1.2950, I am waiting for the breakout to open new long positions. I think that if it does break out it will reach at least 1.3000.
 
USD/CAD is stuck in a relatively tight range. I don't think we will see much volatility and an end to the range before Janet Yellen's speech tomorrow.
1...91011121314151617181920212223...62
New comment
Reason: