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USD / CAD on the hourly chart has formed a converging triangle, for that would determine the direction of future movements should wait for a break one of the boundaries of this triangle, most likely it will be the northern border because there is an active formation of the northern long-wave + on the daily chart are working on a buy signal MACD.
Today analysis
usdcad
Trend buy
Support level 1: 1.3350
Support level 2: 1.3310
Support level 3: 1.3270
Resistance level 1: 1.3420
Resistance level 2: 1.3450
Resistance level 3: 1.3480
Usdcad today prediction strategy
Strong in sell
Stop loss : 1.3440 and 1.4360
Take profit. : 1.3310 and 1.3340
Support level : 1.3230 and 1.3260
Resistance level : 1.3520 and 1.3580
beneficial perspective continues to be complete despite the newest interday pullback with the industry mostly stuck a medium-term merging prior to what we believe will be an ultimate retest of the key Oct peaks by 1.0660. We have however improved our perspective somewhat and from here, anticipate any extra decreases to be well reinforced on a regular near base above 0.9750. A everyday near back again above 1.0050 will help to reaffirm.
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.
Daily overview for UsdCad
The price is finding the first support at 1.3353 and the next support is at 1.3334 The price is finding the first resistance at 1.3398 and the next resistance is at 1.3420
--- Trading recommendations for trading : Open Buy ---
I predict price will be continued flying today. The first target is the level 1.3412 After fixing below the first target, then price will go to the level of 1.3438 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 : 1.3398
Resistent2 : 1.3420
Resistent3 : 1.3437
Support 1 : 1.3353
Support 2 : 1.3334
Support 3 : 1.3349
Technical analysis of the USD/CAD
Today Trend is : BULLISH
Today Resistance level is:
1> Resistance level is: 1.3395
2> Resistance level is: 1.3433
3> Resistance level is: 1.3498
Today supporting level is:
1> Supporting level is : 1.3362
2> Supporting level is : 1.3342
3> Supporting level is : 1.3308
Take profit is : 1.3485
Stop loss is : 1.3322
USD CAD market technical analysis
- current price of the pair is 1.3377
- market have bullish trend and in sell position
- market resistance and support levels
Resistance levels
R1 1.3397
R2 1.3410
R3 1.3431
Pivot level 1.3375
Support levels
S1 1.3354
S2 1.3341
S3 1.3319
I try to make analysis for usdcad pair today.
I see this pair still in strong bullish movement . If this pair can break the 1.3403 resistance level, I predict this pair will go up to the next resistance level at 1.3451 But if this pair go down and break 1.3352 support level, I predict this pair will make some correction to the next support level at around 1.3300
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 1.3366 and take profit at 1.3453
my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
trendspotter sell
7 day average directional indicator sell
10-8 day MA hilo channel hold
20 day MA VS Price buy
20-50 Day MACD oscillator sell
20 Day Bollinger Bands hold
Technical Analysis for the Medium Term (Mid Term: 2-4 Weeks) 75% Sell
40 Day hold commodity channel index
50 Day MA VS Price sell
20-100 Day MACD Oscillator
sell
50 Day parabolic time / price sell
20-50 Day MACD oscillator sell
Yes, on top of the sample was a false one, and a couple had returned back to the corridor, and now see that there was a breakdown of the figures 0.9800 very strong candle and price returned to test the penetration level, until it looks like a very well made, even a double top, so I was like at least have a place to put the brake ... s