Usd/cad

[dianajs]

USD/CAD reached 1.2800 today and is testing the support at that level at the moment. I think that if it breaks below 1.2800 it will likely reach 1.2720 next.

 

[amittimothy]

BUY USD /CAD AFTER A BREAKOUT
USDCAD is performing very well and according to the scenario I wanted. Pair is offering another great buy setup. There is a trend line that is being well respected on the H4 chart. Once we see a break above the last high, look to buy pullbacks near the up trend line.

 

[fxstrategist]

Usdcad

The USDCAD consolidates around the 1.3100 level, the 1.3200 may act as resistance.

 

[arigoldman]

Broke the double top at 1.3150.

 

[dianajs]

It was a false breakout, the pair is back to testing the support at 1.3120. If it breaks below that level I think it will reach 1.3070.

 

[vanillaman]

This was a good short play. Oil was on a major up move long-term. This is a great way to gain Oil exposure via currency. The commodity guys all out-performed today. Holding a Put Option set to expire tomorrow at the 10am NY cut so that should be exciting. Let's see if we close solidly down today.

 

[dianajs]

I don't think the move to the downside is over yet. The pair is retracing after it formed an inverted hammer candlestick on the 30-min chart above the support at 1.3030, but I think that after it reaches the resistance at 1.3060 it will continue falling.

 

[arigoldman]

The pair seems to be losing momentum.

 

[dianajs]

The US Non-farm Payrolls today pushed the pair below the support at 1.3030 and USD/CAD continued dropping. I think next target is 1.2850, maybe even 1.2800.

 

[arigoldman]

Buy the dips id say.

 

[fxstrategist]

Usdcad

The USDCAD is still in a range between the 1.2900 and the 1.3200 level.

 

[dianajs]

USD/CAD is falling again after the big drop caused by the NFP last week. I think next target is likely 1.2880 - 1.2870 and it will likely continue falling below those levels.

 

[dianajs]

Not only did USD/CAD reach 1.2870 but it continued falling, breaking below 1.2800. It's testing 1.2770 at the moment and if it breaks below that level it will reach 1.2700.

 

[Arashimuro]

I suppose that the price will turn after reaching the 1.2920 level.

 

[Robbe]

I think that the price will reach 1.2912 level. After that, the price return to the level of 1.2503 or further.

 

[dianajs]

I am waiting to see whether the pair will break above 1.2770 so I can open a new long position, but I think this might be just a retracement before the move to the downside continues.

 

[dianajs]

USD/CAD is clearly forming a flag after the big drop, so my suspicions from yesterday are confirmed, I think. Once the flag is over, the move to the downside will continue.

 

[arigoldman]

Bullish on this pair.

 

[dianajs]

The flag continues forming today. GBP/USD formed an inverted hammer on the four-hour time frame above the support at 1.2760 and started rising again. I think next target is 1.2810 - 1.2815.

 

[dianajs]

USD/CAD finally reached the resistance at 1.2870, which is (EMA)89 on the four hour time frame. The pair could bounce off of it, but if it breaks above it next target is at 1.2930, which is the middle line of the Bollinger Bands indicator on the daily time frame.