USD/CAD rallied after the fundamentals, let's see whether it will break out above 1.3130 by the end of the day.
Our Supporting Monitors
Posted 06 July 2019 - 03:51 PM
Not only there was no breakout but the pair formed an impressive doji candlestick at that resistance on the four-hour time-frame and bounced off from it. We can expect a further move to the downside.
Posted 08 July 2019 - 03:20 PM
USD/CAD is consolidating for now, it may return back to 1.3100.
Posted 11 July 2019 - 04:34 PM
The pair is testing 1.3075 and it will probably continue moving to the upside.
Posted 12 July 2019 - 04:36 PM
The move south continues after all - next target is likely around 1.3000.
Posted 15 July 2019 - 04:25 PM
The move south continues for now but the pair is yet to reach 1.3000.
Posted 16 July 2019 - 05:17 PM
USD/CAD found some support at 1.3020 and is currently moving to the upside in a correction. I think it may reach 1.3100.
Posted 16 July 2019 - 05:49 PM
USD / CAD starts to turn up. Oscillators show double divergence. The trend is still descending: Tenkan, Kijun and Ichimoku cloud show a parade of three lines. But divergence can cope with the trend, so it's time to buy.
Posted 18 July 2019 - 04:33 PM
The pair continues consolidating between 1.3030 and 1.3080, let's see whether that will end by the end of the week.
Posted 19 July 2019 - 05:36 PM
The pair is still consolidating sideways, I think it won't end this week.
Posted 22 July 2019 - 04:53 PM
The pair finally broke out above 1.3100 and is moving to the upside. Next target is likely around 1.3160.
Posted 23 July 2019 - 04:36 PM
The pair is moving north, I think we will see it reach 1.3180 eventually, or even 1.3200.
Posted 25 July 2019 - 05:59 PM
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.
Posted 26 July 2019 - 05:01 PM
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.
Posted 27 July 2019 - 03:52 PM
USD/CAD will probably continue moving north next week and I think we will see a breakout above 1.3200.
Posted 29 July 2019 - 05:09 PM
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.
Posted 01 August 2019 - 04:56 PM
USD/CAD remains quite bullish and I think we will see it continue moving north towards 1.3300.
Posted 02 August 2019 - 04:35 PM
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.
Posted 05 August 2019 - 04:50 PM
The pair formed a shooting star on the daily time-frame at 1.3250 after all, so there may be a new move south.
Posted 08 August 2019 - 05:38 PM
It formed an impressive shooting star candlestick on the daily time-frame at 1.3345 and bounced off from that level, next target