I'm shorting now at 1.39 as the euro falls below 1.40 - General

USD/CAD Analysis

Alexander Londono · 2019-06-14T06:07:50.0000000Z

The USD/CAD keeps its bullish trend , the next resistance may be the 1.3458 level and from there the price may try to stall or even break to the downside, but if oil keeps dropping, then we may see a breakout of that level. A breakdown of the bullish trendline may indicate a change in direction, but there are no important supports until the 1.2840 area.

Alexander Londono 2016.01.28 23:13 #21

The USDCAD keeps retracing to the downside, but so far the 1.4000 area has been acting as a support.

Diana Jackson 2016.02.07 09:46 #22

It bounced off 1.3638. I wonder whether this is the end of the correction.

Alexander Londono 2016.02.10 03:51 #23

The 1.4000 level could still act as a resistence for the USDCAD and the 1.3800 could be support.

Ari Goldman 2016.02.11 11:08 #24

Shorted around 1.43

Diana Jackson 2016.02.12 12:01 #25

I'm shorting now at 1.39 and my target is around 1.3790 - 1.3800.

Mawreen Lawson 2016.02.15 10:51 #26

I think we'll see a further move to the downside towards 1.3700.

Alexander Londono 2016.02.17 03:19 #27

Good support on the USDCAD at the 1.3700 level. Price is going sideways as shown on the daily chart, but no trend. Only consolidation.

Mawreen Lawson 2016.02.20 11:04 #28

For the downward trend to be confirmed the pair has to break below 1.3640.

Ari Goldman 2016.02.20 19:27 #29

I think next target is 1.36

Mawreen Lawson 2016.02.21 11:27 #30

I noticed that there's actually a double bottom on the daily time frame and while I do think it should continue falling, we might see some retracement first.

USD/CAD Analysis - page 3