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The USD/CAD reached briefly above 0.9900 in the opening hour of the European session as the greenback was supported by a negative open for equities, however a quick recovery in London has pressured the pair back down towards the prior level of 0.9875 where it lingers in wait of fresh direction.
USDCAD has been rejected by the 0.9805 resistance level and if we look on H4 time frame, the rejection has formed a double top chart pattern. So, I think USDCAD will fall today and has a big opportunity to reach the support level at around 0.9745 or maybe lower.
Daily overview for UsdCad
The price is finding the first support at 1.3356 and the next support is at 1.3337 The price is finding the first resistance at 1.3401 and the next resistance is at 1.3423
--- Trading recommendations for trading : Open Buy ---
I predict price will be continued flying today. The first target is the level 1.3415 After fixing below the first target, then price will go to the level of 1.3441 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Support – Resistance :
Resistent1 : 1.3401
Resistent2 : 1.3423
Resistent3 : 1.3440
Support 1 : 1.3356
Support 2 : 1.3337
Support 3 : 1.3352
Prices put in a Bearish Engulfing candlestick pattern below resistance at the psychologically critical parity level and corrected lower, with subsequent price action taking the shape of a triangle chart pattern. The setup is indicative of bullish continuation and we will look for a break above resistance at 0.9910 � the 23.6% Fibonacci extension level � to enter long.
This pair is moving down after the 4th bounce on the short downtrend line as shown in the H4 chart , if we look in the weekly chart we will see a very strong downtrend line , i'm waiting now for the pair to break the first short downtrend line then it will move up bullishly till reaching the strong downtrend and make a retest reversing its direction , it will be great chance to earn and make profit , Good Luck
I try to make analysis for usdcad pair today.
I see this pair still in strong bullish movement . If this pair can break the 1.3407 resistance level, I predict this pair will go up to the next resistance level at 1.3455 But if this pair go down and break 1.3356 support level, I predict this pair will make some correction to the next support level at around 1.3304
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 1.3370 and take profit at 1.3457
my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
bullish trend seems to be taking place on the usdcad pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 1.3380 and strong support at level 1.3360 in hourly time frame. there is possible chance price will move to up side. then next high price is 1.3430
I suggest to entry BUY with stoploss at 1.3345 and take profit at 1.3430
I hope you can earn consistent profit from my signal, good luck
my dear sir today of my tachnical analysis is usd cad buy ot bullish
1---Resistance 1.3393
2---Resistance 1.3402
3---Resistance 1.3428
1---Support 1.3384
2---Support 1.3369
3---Support 1.3378
As you would expect there would be after a good growth began south of the northern correction, now found itself in a pair of sliding the alligator on the daily chart breakthrough took a blue slip alligator (a sign of a trend reversal), a pair of forward-only resume growth which is likely to be either from the blue or sliding-on approach to
Resistance 4 = 1.0370
Resistance 3 = 1.0383
Resistance 2 = 1.0387
Resistance 1 = 1.0392
Support 1 = 1.0400
Support 2 = 1.0405
Support 3 = 1.0409
Support 4 = 1.0422
if you
Buy limit at price= 1.0403
Stop loss at price = 1.0416
Take Profit at pice = 1.0385
or if you
Sell limit at price= 1.0390
Stop loss at price = 1.0377
Take Profit at pice = 1.0407
The only information I can give to you, may be useful
My daily trading,I hope the day is a success ...
USD/CAD (Daily Trade)
Resistance : R1 1.0470 R2 1.0495 R3 1.0515 R4 1.0545
Support : S1 1.0338 S2 1.0313 S3 1.0293 S4 1.0263
Open : 1.0398
High : 1.0413
Low : 1.0395
Range : 18 Pips
Running Price : 1.0396
For intraday trade today suggest BUY at the level 1.0396 stop loss at the level 1.0338 target take profit at the level 1.0515 or at the level 1.0545