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Results 1 to 9 of 9

Thread: USD/CAD Forcast

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    Default USD/CAD Forcast

    usd/cad still bullish, the price still above the kumo cloud and above the support level 1.0899, i'm expecting a retest of the resistance level 1.0985
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    Default

    usd/cad could not stand it below the H4 kijun sen, the price is also above the komu cloud, trading around the last swing high, more bullish movements are expected for this currency pair
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    Default

    usd/cad had a quite active session today, the market felt below the H4 kijun sen and formed a double-top pattern, so most expected scenario is to reverse the trend and aim for the daily kijun sen in the near term..
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    usd/cad had a quite active session today, the market felt below the H4 kijun sen and formed a double-top pattern, so most expected scenario is to reverse the trend and aim for the daily kijun sen in the near term..
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    as i said yesterday the usd/cad was trading around the H4 kijun sen and i recommended to keep an eye on a price action around it to take short position, actually we had an bearish engulfing candle and the price fell inside the kumo cloud, now we are looking for the price to get out of the cloud to confirm the reversal of the trend
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    Default

    usd/cad is trading inside the kumo cloud today, the price already touched the senkou span B and it may try to rise towards the H4 kijun sen, we're bullish tell we break through the kumo cloud and the daily kijun sen
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    as expected the usd/cad broke the kumo cloud, but the market is back above the H4 kijun sen, the price is also above the daily kijun sen, so it more expected to continue bullish for this currency pair
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    Default

    Yeh i think that price of the market will hit 1.0985 as there is support point so lets see at this time market is only rotating between prices 1.0951 - 1.0964 and i am waiting still for hit my tp on 1.0970 ..........

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    The pair confirmed a very strong closing even well above the 200 days line, now support at 1,0894. Possible further strength toward the 1,10 level! The indicators of the daily chart are already above the line as well as those of the 4h one supporting further strength. The indicators of the hourly chart turned instead below the line after having formed bearish divergences on the way. We have however also a potential negative reversal situation that is limiting the upside. While above 1,0908, the 200 hours line, the pair is supported suggesting a retest of the 1,10 area. We wait for a possible correction to try again a long position!
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