Is Usdcad Going Up??

I'm kind of confused here I'm sure that NZDUSD and GBPUSD is going up and usdjpy is going down, but what i'm confused about is USDCAD because on my indicator it is showing its going up but other currencies against USD are rising.. so Im not sure if usdcad is going up.. or I'm wrong?

310,
USDCAD has been in a 1750-1850 range for the last 10 days or so. It caught a little bit of support a couple hours ago off of 1750 and bounced for about 40 pips before it hit the 200 EMA. If the other pairs continue to dominate the $, I'd expect it to break that 1750 support shortly.

aplpha what about eurusd is it going to go down or...

I'm a little unsure of EURUSD right now. It has some minor resistance at 3040, but strong support in the mid 29's. Overall, the hourlies are looking bullish, so if I had to take a side, I'd say it's heading north in the near term.

damn it I short EURUSD to 3000, because I dont think its going to break 3047, do you think I should sell it right now with loss or keep.

I'm not one to make suggestions, but I'm currently out until there is a clear direction with significant opportunity for gaining pips. I think the 3040-3050 resistance is more likely to be broken than the 2950-2960 support. It may be ranging in this area until the US Nonfarm payroll report tomorrow morning.

I've attached a screenshot. Hopefully it will help you see what I'm looking at, and allow you to make your own decisions.

yea it looks like its going down right now I'm just ganna go for a small prof, im closing it at 3015, thanks for your help alpha

Sounds good. Good Luck 310. Wouldn't be a bad idea to get out before news releases tomorrow morning. Some negative US numbers are expected.

Lots of things can send usd/cad either direction. News has a lot of influence on all the pairs. When the RSI says oversold, Price is at the top of the Bollinger Bands, and the MA's have crossed, the news will still send a pair the agianst the indicators.