Usd/cad

[dianajs]

The pair rebounded from 1.3200 after forming a rather impressive spinning top bar on the daily time frame at that level. I think next target is at 1.3060.

 

[arigoldman]

USD/CAD got some positive vibes this week and is now trading at 1.3105.

 

[dianajs]

USD/CAD is back to testing 1.3200. I think that next target is at 1.3250 - 1.3260 if it breaks out above the resistance and in my opinion it will, considering the bullish bars on the weekly time frame.

 

[dashdbn]

You think it's worth a long?

 

[dianajs]

It clearly was. Not only did it reach 1.3260 but it climbed above that level and continued rallying. I think that for the moment the rally will continue toward 1.3400.

 

[Florijan]

I love this forum thread !!!

I had great success with USD/CAD mainly because I am receiving free signals from my broker (hands up CMTrading traders!). As an additional indicator I use the Fibonacci string.

Happy trading fellow 'Forexers'

 

[fxstrategist]

Usdcad

The rally on the USDCAD has been amazing, now that it has broken above the 1.3300 level, it may try to reach the 1.3400 level.

 

[dianajs]

That is a truly impressive rally and I don't think it will end before USD/CAD reaches 1.3600. It's already testing 1.3400.

 

[dianajs]

USD/CAD broke above 1.3400 and I have little doubt that next week it will continue moving to the upside, apart from the occasional correction.

 

[arigoldman]

Good move last week, i'm kinda sad i missed buying!

 

[dianajs]

USD/CAD still appears bullish but there is also a RSI divergence on the H1 time frame. However, it could continue moving to the upside for the moment and the divergence could deepen.

 

[dianajs]

USD/CAD is very range-bound for the moment. In a few hours there will be fresh economic data coming out of Canada that I think will end the range, until then I won't be opening new positions.

 

[dianajs]

The USD/CAD range finally ended and the pair started climbing. I think the closest target is 1.3500 but it will eventually reach 1.3600.

 

[dianajs]

USD/CAD reached a high at 1.3529 today and I think it will continue moving to the upside. The NFP tomorrow may be the catalyst for that.

 

[arigoldman]

Good move to the upside this week. I'm waiting to sell around 1.3650.

 

[tomorton]

Missed nice long opportunity on this. Hoping for some consolidation, then buy around 1.33.

 

[dianajs]

I opened a long position after the initial drop after the NFP data came out. My target was at 1.3460, I don't think I will open other positions before the market closes this week.

 

[dianajs]

I have a short position with target 1.3420. I recommend caution this week with all the news coming out, especially the Federal Funds Rate on the 15th.

 

[dianajs]

The pair rebounded from 1.3430 and I think it will rise to 1.3500 again. However, I doubt I'll open new positions before the FOMC statement tomorrow.

 

[dianajs]

There's little over an hour left to the US Federal Funds Rate announcement. As expected, USD/CAD is very range-bound.