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USD/CAD: bullish channel set to continue

Discussion in 'Daily signals by Joaquin' started by joaquinmonfort, Aug 31, 2015.

  1. joaquinmonfort

    joaquinmonfort Forex4You Analyst

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    USD/CAD is channeling higher with little sign of weakness on any time-frames.


    It is expected to continue rising in line with the dominant trend, with a break above the current 1.3352 highs providing confirmation of an extension up to the next target at around 1.3450 – which is roughly where September's R1 Monthly Pivot is likely to be.


    Watch out for tomorrow's (Tuesday's) GDP figures, which could provide the catalyst for a move higher.
    [​IMG]
     
  2. arigoldman

    arigoldman Recruit

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    Good charting.
     
  3. stephane

    stephane Private, 1st Class

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    I also see a lot of bullish strength left in the USDCAD, but on the weekly we have a hanging man, with potential bearish implications. So for me there is a weakness sign on at least one chart, and I will wait for the 1,335 level to be taken to consider buying again.

    USDCAD_W.
     
    realdanmccall likes this.
  4. leifa

    leifa Private, 1st Class

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    #4 leifa, Oct 5, 2015
    Last edited: Oct 5, 2015
  5. georgia07

    georgia07 Another banned spammer for Alpari

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    Very Good Infographic, ,,
     
  6. thinkpad954

    thinkpad954 Spammer for g44fx

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    Very good information it helped me a lot Thanks
     
  7. Pikachu

    Pikachu Highly Suspicious Person

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    Good chart. It helped me a lot. Thank you.
     

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