The pair is still pushing to the downside despite the spinning top and hammer bars that have formed on the 4-hour time frame. A breakout below 1.2945 would be a signal for another drop towards 1.2915 - 1.2900.

Cable Update (GBPUSD)

The pair did drop yesterday and found support at 1.3050. So far it's rebounding from it, but I think that if it does break below that level it will reach 1.2940 - 1.2930.

USD/CAD

So far there is no signal that it will start dropping. USD/CAD is testing the resistance at 1.3270, I think that if it breaks out above that level it will reach 1.3300 or even 1.3340.

USD/CAD

The pair formed a doji bar and a hammer bar on the daily time frame above the support at 1.2910, I think that was the end of the drop for now.

Cable Update (GBPUSD)

I opened a long position as well after seeing the hammer bar on the one-hour tome frame above the support at 1.3140, my target is 1.3200.

USD/CAD

I have decided to wait until next week as well. The pair has formed a shooting star bar on the one-hour time frame, but I don't want to open new positions so close to the market closing for the weekend.

USD/CAD

After the news yesterday the pair dropped with 180 pips but it found support at 1.3000 again. So far there is no signal that this is the end of the drop, so I think that if it breaks out below 1.3000 it will reach 1.2900 - 1.2880.

USD/CAD

USD/CAD is still consolidating and it has formed a doji bar and a shooting star bar on the daily time frame under the resistance at 1.3240. Under normal circumstances I would say that is a signal for a move to the downside, but I think that we'll ...

USD/CAD

There is a strong resistance around 1.3200 - 1.3220. USD/CAD is testing it, but I think that there won't be a breakout before the FED interest rate is announced tomorrow.

USD/CAD

USD/CAD is consolidating between 1.3140 and 1.3160 but the pair has also formed a hammer bar on the 4-hour time frame above the support at 1.3140, so I think there will be a move to the upside towards 1.3180 or even 1.3200 soon.

USD/CAD

I am short again since there's a spinning top on the one-hour time frame, my target is 1.3180.

USD/CAD

I am going short as well, there is a very obvious doji bar on the one-hour time frame below the resistance at 1.3235.

USD/CAD

USD/CAD is still very bullish despite today's retracement to 1.3130. I think that the target is 1.3200.

USD/CAD

I have a short with target 1.3150, but think it might even reach 1.3100.

Cable Update (GBPUSD)

I have a long too. The pair broke above the resistance trendline of the bearish move to the downside that started on 6th September after forming a double bottom above the support at 1.3240. I think we can expect it to reach at least 1.3400.

Cable Update (GBPUSD)

Following the news today USD/CAD broke above 1.2970 and then above 1.3000. I think next target will be around 1.3080 - 1.3100.

USD/CAD

I sold at 1.2900 after it formed a shooting star bar below the resistance at 1.2930 on the one-hour time frame and I am still keeping the short position open.

USD/CAD

The Bank of Canada will be announcing its rate statement later today, I think the pair will continue consolidating above 1.2850 until that time.

USD/CAD

USD/CAD broke well below 1.2880 and is now testing 1.2850. I think the drop will continue at least until the pair reaches 1.2800 - 1.2780.

USD/CAD

I closed my short position at 1.2910 and I have decided not to open a new one before USD/CAD breaks below 1.2900.

USD/CAD