Usd/cad

[fxstrategist]

Usdcad

The USDCAD retraces close to the 1.2900 level, the pullback may be losing steam and the pair may go back down.

 

[dianajs]

The pair formed a shooting star candlestick and a spinning top candlestick underneath the resistance at 1.2870 on the four-hour time frame and started falling. I think next target is 1.2800.

 

[Robbe]

I think that the USD/CAD asset would renew its minimum.

 

[dianajs]

I agree, USD/CAD is very bullish. I decided to open longs after all and my target is 1.3000.

 

[dianajs]

USD/CAD almost reached 1.31 before it rebounded back to 1.2900 and today it broke below that level. On the daily time frame there's a great doji candlestick, so I expect a further move to the downside towards 1.2800.

 

[arigoldman]

It seems its forming a triangle.

 

[DuCaan]

USDCAD could aim for 1.3300.. here is the chart

http://marketchartpattern.com/forex/forex-weekend-review-eurusd-gbpusd-usdjpy-usdcad-19-june-16/

 

[csc2009]

A gap down.

 

[fxstrategist]

Usdcad

The USDCAD goes back down as oil goes back up. The 1.2655 level may act as support.

 

[dianajs]

The pair is very undecided at the moment, but I think we will see another drop to 1.2760 - 1.2750.

 

[dianajs]

USD/CAD reached 1.2677 and bounced off of the support there but I think that's just temporary. So far there's no signal that the move to the downside is over.

 

[dianajs]

Although USD/CAD is not a EUR or GBP-related pair Brexit still had a big effect on it and caused a big move to the upside. We'll have to wait until next week to find out whether it's temporary or if it's the beginning of a reversal.

 

[jerom]

Although USD/CAD is not a EUR or GBP-related pair Brexit still had a big effect on it and caused a big move to the upside. We'll have to wait until next week to find out whether it's temporary or if it's the beginning of a reversal.

I think it will be temporary as from next week I expect it to start rallying up. I bought this pair today and I hope it pays of next week.

 

[arigoldman]

Getting ready to go long.

 

[tomorton]

Admittedly a strong day Friday but my trend-following set-up won't revert to Buy on this for some time yet to come - if it does come. Meantime, if we get a NY close below the 50EMA I'll go short again.

 

[fxstrategist]

Usdcad

The USDCAD stays between the 1.3000 and the 1.3100, lets see which way it goes from here.

 

[dianajs]

The pair is still quite bullish and it's currently testing the resistance at 1.3100. I think that if it breaks above it it will reach 1.3170 next.

 

[dianajs]

The pair is very bullish although it is still testing the resistance at 1.3100. I think today it it will likely break above that level.

 

[dianajs]

I am starting to doubt that the pair will break above 1.3100 right away, it has been testing it for a while now and it still hasn't been able to break above that level. We might see a move to the downside first, before it makes another attempt to break above the resistance.

 

[dianajs]

I am looking at the four-hour time frame and I am questioning whether that was the end of the move to the downside. The pair reached 1.2830, formed a doji and a hammer candlestick above the support there and is now moving up again. I expected a bigger drop.