On the H1 chart, price is above the EMA 12 and EMA 72 indicates the trend is still up
RSI is above 50 area 50 indicates the trend is still up
Recommendation: buy
Range :0.9805-0 .9744
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On the H1 chart, price is above the EMA 12 and EMA 72 indicates the trend is still up
RSI is above 50 area 50 indicates the trend is still up
Recommendation: buy
Range :0.9805-0 .9744
http://img404.imageshack.us/img404/2817/imagezc.gif
Rose USD / CAD today to penetrate all levels of resistors at 0.9762, 0.9772 and 0.9781 and settle above
SMA 55 bottom price and stochastic still gives positive signals which gives strength to rise in the short term
USD / CAD on the frame daily, we find that the pair climbed in previous days after reaching the support levels at 0.9709, but yesterday it shows weakness after hitting the downtrend if pair closed yesterday candle reflectivity under downtrend it is possible that we see falling strong for the pair towards levels support.
good luck
USDCAD had been rejected by the resistance level at 0.9805 yesterday.
Now, if we look on the chart, USDCAD is trying to reach the support level at 0.9745. Then, if USDCAD can break that support, this pair may decline to the next support level at around 0.9685
Spoiler:
At the H4 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI is above 50 area 50 indicates the trend is still down
Recommendation: sell
Range :0.9791-0 .9708
USDCAD is still waiting to break the 0.9905 level. If broken, then chances are this pair will go down towards the 0.9864 level. However, if the pair rises above the pivot - 0.9928, then it is likely to rise to the level of 0.9951.
if we look on the chart, USDCAD is trying to reach the support level at 0.9745. Then, if USDCAD can break that support, this pair may decline to the next support level at around 0.9685, resistance 0.9776 top buy and target at 0.9789 resistance If support was close under 0.9750 to the bottom of sale and goal at the 09,737 support
At the H4 chart, price is above the EMA 12 and EMA 72 above indicates trend is still up
RSI 50 are in area 50 indicates the trend is consolidation
Recommendation: buy
Range :0.9822-0 .9737
After re-test 0.9800, fluctuating U.S. dollar against the Canadian dollar near the mentioned level and expected to signal the resumption of the downward trend that remains in control of the short-term trades, where SMA 50 provides good support for these expectations.
Stochastic intersects negatively now is a good technician incentive supports decrease wait scenario targeting 0.9565 mainly, with attention to the fact that the breach of 0.9800 and stabilizing above it will pay the price to visit the levels around 0.9885 initially.
Expected trading range for this week between: support at 0.9500 and resistance 0.9885
General tendency is expected for this week: Down
I think USDCAD is trying to reach the resistance level at 0.9805 now.
Then, if USDCAD can break that resistance, this pair may continue going up more higher to the next resistance level at 0.9862. But if fail, USDCAD may reverse and back to the 0.9745 support level