Forex News USD/CAD

[mlawson71]

The pair finally broke out above 1.3100 and is moving to the upside. Next target is likely around 1.3160.

 

[mlawson71]

The pair is moving north, I think we will see it reach 1.3180 eventually, or even 1.3200.

 

[mlawson71]

USD/CAD has formed a rather suspicious-looking shooting star candlestick at 1.3160 on the daily time-frame, so we may see another move to the downside.

 

[mlawson71]

The move north continues after all, the shooting star candlestick proved to be a false signal for a move south. Next target is likely at 1.3200.

 

[mlawson71]

The move north continues and the pair is almost at 1.3200. It will likely reach it today but I doubt we'll see a breakout above that level.

 

[mlawson71]

USD/CAD will probably continue moving north next week and I think we will see a breakout above 1.3200.

 

[Abdul Kayum]

Great post and depth in detail.

 

[mlawson71]

It formed a spinning top around 1.3200 on the daily time-frame, there may be a dip to the downside before the move north continues.

 

[mlawson71]

USD/CAD depreciated back to 1.3100 but is climbing again. Let's see what effect the fundamentals will have on it today.

 

[mlawson71]

USD/CAD remains quite bullish and I think we will see it continue moving north towards 1.3300.

 

[mlawson71]

USD/CAD is still slowly climbing up and it will probably break out above 1.3300 but I doubt we'll see that this week.

 

[Lance Tan]

aside Bloomberg is their any site to check this kind of info?

 

[mlawson71]

The pair formed a shooting star on the daily time-frame at 1.3250 after all, so there may be a new move south.

 

[mlawson71]

The move north continues, I think it will likely reach 1.3350.

 

[UsaForexsignal]

USD/CAD Canadian Dollar Rebounds as USD Loses Momentum


The Canadian dollar rose during the Asian session on the order of Thursday. The loonie had touched seven-week lows nearby the US dollar on speaking Wednesday as risk appetite shrank after days of trade battle barbs exchanged by the US and China had investors looking for safe havens.

The USD/CAD is trading at 1.3297 bearings in mind the loonie attainment some arena as the US rally is losing some steam as both sides in the trade quarrel are irritating to mosey at the forefront the effects of their earlier threats.

The central banks of India, Thailand and New Zealand graze their benchmark amassed rates happening for Wednesday as policymakers begin walking the dovish wander. The Bank of Canada (BoC) had some energetic room after the Fed clip by 25 basis points at the decline of July, but the increased trade tensions could force the central bank to lower rates sooner rather than difficult.

CAD traders will continue to navigate uncertain waters regarding Thursday, awaiting domestic employment data on the subject of speaking Friday. Trade exchange headlines will continue to gain markets as global buildup estimates pay for going on falling as the two largest economies duke it out taking into account no accord insight.

 

[mlawson71]

It formed an impressive shooting star candlestick on the daily time-frame at 1.3345 and bounced off from that level, next target

 

[mlawson71]

The pair is consolidating around 1.3230 but I think we will see another move north towards 1.3300.

 

[mlawson71]

USD/CAD is rallying again but it is yet to break out above the last high at 1.3345. If it does we may see it rise towards 1.3400.

 

[mlawson71]

The pair is still testing 1.3345, let's see whether there will be a breakout or a double top at that level and then a new move south.

 

[mlawson71]

It formed a double top after all, next target is at 1.3200, I think.