Attachments: USD/CAD

USD/CAD

#15,461
Dec 15, 2019 1:43pm Dec 15, 2019 1:43pm

rafael5643
| Commercial User | Joined Aug 2016 | 345 Posts

Check out my USDCAD move break-down. Enjoy!

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instagram: stepbystepforex

#15,462
Dec 15, 2019 2:21pm Dec 15, 2019 2:21pm

KeenPips
Joined Dec 2015 | Status: Trader | 8,767 Posts

USDCAD is likely to experience a brief pullback northwards before a bearish turnaround. Presently, price action is at the 1.31650 horizontal support zone but the daily time frame shows a bullish struggle last Friday resulting in a long upper-tailed candlestick print. A retest of the 1.32000 area with a role flip is likely to yield a feasible sell trading opportunity.

I may be wrong. Trade safe.

KP

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Do your homework, follow the footprints of smart money

#15,463
Dec 16, 2019 6:42am Dec 16, 2019 6:42am

Inthebox
Joined Jun 2010 | Status: Trader | 16,699 Posts

Quoting Inthebox

Disliked

{quote} took profit {image}

Ignored

downtrend continuation

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ITB - Seeing Orderliness amongst 'Randomness'

#15,464
Dec 18, 2019 3:54am Dec 18, 2019 3:54am

GingerJohn
| Joined Dec 2019 | Status: Trader | 154 Posts

Potential Breakout of Diamond shaped consolidation.

Marked up my targets
More potential on a reversal.

CAD CPI today!

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#15,465
Dec 24, 2019 7:20am Dec 24, 2019 7:20am

xauusdhunter
| Joined Dec 2019 | Status: Trader | 6 Posts

this is what I see~~

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#15,466
Dec 28, 2019 2:42am Dec 28, 2019 2:42am

tito5615104
| Joined Oct 2010 | Status: Trader | 172 Posts

Quoting tito5615104

Disliked

{quote} it may down to 3090 with stop 1.3300 let's see what will do {image}

Ignored

done

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good luck

#15,467
Jan 1, 2020 10:12pm Jan 1, 2020 10:12pm

rafael5643
| Commercial User | Joined Aug 2016 | 345 Posts

break-down of a 120 pip move on USDCAD:

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instagram: stepbystepforex

#15,468
Jan 2, 2020 6:52am Jan 2, 2020 6:52am

jpwilkinson
| Joined Nov 2019 | Status: Trader | 134 Posts

USDCAD January

1.32966
1.32789

1.31587
1.31410

1.30815
1.30696

1.30448
1.30372

1.29853 Open

1.29334
1.29258

1.29010
1.28891

1.28296
1.28119

1.26917
1.26740

#15,469
Jan 2, 2020 8:44pm Jan 2, 2020 8:44pm

Marz30
| Joined Jan 2016 | Status: Trader | 248 Posts

i wonder if high crude price will help cad nowadays

TE started 6/4/19

#15,470
Jan 4, 2020 3:15am Jan 4, 2020 3:15am

Rosski
| Joined Jun 2018 | Status: Trader | 3 Posts

I think a good place to enter the sale:

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#15,471
Edited 3:35pm Jan 5, 2020 3:15pm | Edited 3:35pm

KeenPips
Joined Dec 2015 | Status: Trader | 8,767 Posts

If you are tracking USDCAD this week, consider this technical perspective.After a bearish move in June 2019, the USDCAD market went into consolidation for five months. On the daily time frame, the order flow context favours bears but, on Friday, bulls attempted a northward retracement of price action. Technically, this is temporary in nature and we can expect bears to seize control of the market upon retracement of price action to an area of value; such an area of value is the 1.30260/1.30890 minor horizontal resistance zone (bound by magenta horizontal lines) or the broken down rising trendline (red).

I may be wrong. Trade safe and prosper.

KP

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