Throughout today, the pair is still held by the same level of 0.9875 preserve the potential to go down ... but while continuing down in a hurry and do not have a pro vendor under .. so perhaps will rebound back to 0.9930 ...
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Throughout today, the pair is still held by the same level of 0.9875 preserve the potential to go down ... but while continuing down in a hurry and do not have a pro vendor under .. so perhaps will rebound back to 0.9930 ...
On CAD can try to catch the release of the long-term level of 9845 (on the daily chart), the couple have three times tried to break it, but it failed, it seems the bears cover their positions, I think will increase.
ADX marks hovering around 22. MACD is neutral. Stochastic left oversold. Moving averages still show a downward trend. Indicator analysis suggests downtrend correction or the start of a turn. Recommended to close short positions.
USD / CAD As predicted yesterday the pair closed above existing levels of support at 0.9848 and the fact that reflectivity candle to climb today strongly expect to see more of the pair's ascent in the coming days
http://www.pictureshack.us/thumbs/5262_USDCAD.JPG
USDCAD 1H Time Frame
Price already broke the bottom channel's line on 0.9857 so we will wait for another candle if it down too we will go on sell deals only , or anyone can go sell now after candle close under 0.9859
USD / CAD daily Frame fell pair closed yesterday a strong and close under existing support levels at 0.9848 the pair today as the further decline and is now trading below the support levels are at 0.9801 if it manages to close below it today, it will push the pairnext week to move toward further decline
pair broke below the critical level and resumed a very strong trend on the bottom ..... Now 30 min chart shows that there is a divergence and the couple can go to the top, but to break the trend will not succeed but I think back to test 0.9835 level it is possible ...
for this week i want to believe that uscad will move upward. at least to give back or reverse a little bit what it has gained last especially during last friday non-farm payroll. you should trade it with care due to unpredictable movement of price at time
usd cad man prft kitna km r kitna zyada huta hy thora explain kr dyn
---------- Post added at 06:35 AM ---------- Previous post was at 06:33 AM ----------
Dear members according to my point of view USD means American dollar and CAD means Canadian dollar and USD is stronger then the CAD but now the market going into downward with high impact, it can hit to the 1.000 and this pair have high fluctuation.
USD/CAD remains on the downside for the moment and current fall from 1.0445 should target 100% projection of 1.0656 to 0.9799 from 1.0445 at 0.9598. As noted before, we'd still think price actions from 1.0656 are corrective in nature. Thus, we'd focus on reversal signal again near to 0.9598. Though, break of 0.9948 resistance is needed to indicate short term reversal or outlook will stay bearish. And, sustained break of 0.9598 could pave the way to retest 0.9406 low.