USD/CAD Analysis - page 18

New comment
 
Following the news today USD/CAD broke above 1.2970 and then above 1.3000. I think next target will be around 1.3080 - 1.3100.
 
Neutral on the pair.
 
USD/CAD broke above 1.3150, I think that next target is at least 1.3200, perhaps even 1.3300.
 
USD/CAD is still very bullish despite today's retracement to 1.3130. I think that the 1.3200 target remains unchanged for now.
 
The pair reached 1.3235 and rebounded from that resistance after forming a doji bar on the one-hour time frame below that level. I think it will retrace to 1.3180.
 
The pair is rebounding from 1.3240 again after forming a spinning top bar on the one-hour time frame again. I think it will drop towards 1.3180 - 1.3170.
 
USD/CAD is consolidating between 1.3140 and 1.3160 but the pair has also formed a hammer bar on the 4-hour time frame above the support at 1.3140, so I think there will be a move to the upside towards 1.3180 or even 1.3200 soon.
 
There is a strong resistance around 1.3200 - 1.3220. USD/CAD is testing it, but I think that there won't be a breakout before the FED interest rate is announced tomorrow.
 
USD/CAD is still consolidating and it has formed a doji bar and a shooting star bar on the daily time frame under the resistance at 1.3240. Under normal circumstances I would say that is a signal for a move to the downside, but I think that we'll have to wait for the news later today to confirm that.
 
After the news yesterday the pair dropped with 180 pips but it found support at 1.3000 again. So far there is no signal that this is the end of the drop, so I think that if it breaks out below 1.3000 it will reach 1.2900 - 1.2880.
1...111213141516171819202122232425...62
New comment