USD/CAD Analysis - page 41

New comment
 

USD/CAD pulled back from 1.2746 and I think it will drop back to 1.2680, so I opened a short position.

 
USD/CAD rebounded from 1.2680 again and formed a double bottom. The pair is very bullish at the moment and I think it will rally to 1.2830.
 

The pair reached 1.2830 as I thought it would. I think that the pair will keep moving north for the time being and it will reach 1.2900.

 

USD/CAD reached 1.2900 today. Unless it forms a triple top at that level and pulls back from it I think the pair will continue rising to 1.3000 - 1.3040.

 

The Canadian dollar did not make any significant moves this week. Tomorrow's data might change that!

 
A triple top at 1.2900 and a pullback was certainly a possibility and that's what happened. I think the pair will depreciate back to 1.2700.
 

Not only did USD/CAD depreciate to 1.2700 it fell below it to the support at 1.2670. I think that now there are two possible scenarios - the pair will either rebound from 1.2670 and start rallying, or there will be a breakout and a drop to 1.2600.

 

The pair is depreciating sharply, I think it will drop at least to 1.2770 or even to 1.2700.

 

Steady climb this week.

 

Seem consolidation will continue into the next week.

1...343536373839404142434445464748...62
New comment
Reason: