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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; USD/CAD continues moving south despite the holiday season, it may break out below 1.3050 after all....

      
   
  1. #411
    Senior Member mlawson71's Avatar
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    USD/CAD continues moving south despite the holiday season, it may break out below 1.3050 after all.

  2. #412
    Senior Member mlawson71's Avatar
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    EUR/USD finally broke out above 1.1200 and continues rallying, it may reach 1.1250 before the end of this year.

  3. #413
    Senior Member mlawson71's Avatar
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    EUR/USD decided to rally during the last day of 2019 and the first day of 2020 and reached 1.1240, it will likely break out above 1.1250 too.

  4. #414
    Senior Member mlawson71's Avatar
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    EUR/USD pulled back from 1.1240 which was to be expected after such a rally, but after a correction the move north will likely continue.

  5. #415
    Senior Member mlawson71's Avatar
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    USD/CAD found some support at 1.2965 and we may see a correction but the pair remains bearish for now.

  6. #416
    Senior Member mlawson71's Avatar
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    USD/CAD continued testing 1.2960 until the market closed yesterday, next week we may eventually see a breakout.

  7. #417
    Senior Member mlawson71's Avatar
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    EUR/USD is at 1.1160 and it is unclear how it will develop for now, it's possible it will depreciate back below 1.1150.

  8. #418
    Senior Member mlawson71's Avatar
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    USD/CAD remains very bearish and it is still testing the support at 1.2960, if it breaks out below that level the pair will likely continue depreciating toward 1.2900.

  9. #419
    Senior Member mlawson71's Avatar
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    USD/CAD is struggling to break out below 1.2960 but it is still possible to happen by the end of the week, in my opinion.

  10. #420
    Senior Member mlawson71's Avatar
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    The support at 1.2960 held after all. USD/CAD is currently forming a correction after the big depreciation and may rise to 1.3050.

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