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    Thread: USD/CAD (part 30)

    1. #41
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      after reaching 100 pips pair loss its momentum and trade in a range area, that shows traders are waiting for some event that will make clear the movement, we can see the price in range area.

      Market Sentiment : Long

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    3. #42
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      Name:  USDCAD stop out move.png
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      This 4h candle that USDCAD had just now... more than 100 pips and a very sharp move up which really gives me the clue there must have something happened in the price shift.. yesterday I explained that if there is a rally like one on USDCAD and it starts to flatten out, there has to be a strong final push before some correction down and I think the push it has had towards 1.3380 is that and I can look to sell USDCAD for some retracement to maybe somewhere 1.31.. Thus Cad had bad news, many sold it and think that it will continue to weaken where the vice versa situation will happen and market will catch all the UC buyers unguarded.


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    5. #43
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      As far as today's analysis of this Pair I am seeing that a slight bearish movement has been started uptil price 1.3130 where we can see a support. I think that this pair will even break this point and will further go deep. Let's see how market behaves when Monday comes.
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