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USDCAD ranging nicely now between 1.2970 and 1.3170 and to be honest we can actually expect this range to be real for the coming few weeks before the September volatility and trending markets return. So now price sitting at 1.3080 is nowhere and no need to touch it but if it gets closer to 1.3170 or 1.2970 I will consider selling or buying at the level as resistance or support are likely to hold for now.
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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
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USDCAD
The pair fell some 50 pips in an immediate reaction on US NFP surprise and upbeat Canada's employment figures. Data on Friday showed that US job growth reached levels close to stall, as the economy created only 20K new jobs in Feb, falling strongly below expectations 181K and well below January's upward-revised 311K. US unemployment fell to 3.8% in Feb from 4.0% in Jan and below 3.9% consensus, with negative signals being partially offset by Average Hourly earnings which rose 0.4% in Feb from 0.1% in Jan and above 0.3% forecast. On the other side, Canada's new jobs creation figure rose well above expectations Feb 55.9K vs 0.3K f/c that further boosted demand for loonie as the greenback was lower across the board after data. Fresh weakness dented initial support at 1.3391 (daily cloud top) and signal formation of reversal pattern on daily chart.
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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.
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Pair is Usd /cad
Today's my technical analysis of usd /cad
Current price is =1.3415
1 RESISTANCE LEVEL IS =1.3433
2 RESISTANCE level is =1.3447
3 RESISTANCE level is =1.3485
1 supporting level is =1.3397
2 supporting level is =1.3375
3 supporting level is =1.3346
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Data Tipe = Camarilla
Pair= USDCAD
Time Frame = Dayly, 2013.10.11
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
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the currency pair is the American dollar and the Canadian dollar on the H4 timeframe chart. at the moment, it can be observed that the bearish movement has formed penetrating lines at 1.34631 on the chart. However, the pair did not reach the real level on the line 1.34900. And it can be said, a little alarming. so what do we mean by. In principle, I personally, for the bearish movement. The first possible goal for them will be a mark with a price of 1.33749. If everything is normal, in the sense that if the pair approves the positions on this line, the road to 1.33101 will open.
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Today analysis for the pair of :Usd/Cad
--- Trading opinion for the best profitable trade: Open sell ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 1.3465
2# Resistance is: 1.3477
3# Resistance is: 1.3498
Supporting level of this pair is :
1# Supporting is: 1.3423
2# Supporting is: 1.3411
3# Supporting is: 1.3390
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The Canadian dollar is under pressure, after posting losses throughout the week. On Friday, the pair is trading at 1.3461, up 0.04% on the day. On the release front, the focus will be on job numbers, with key indicators on both sides of the border. Canadian employment change is expected to gain a negligible 0.3 thousand, while the U.S. releases wage growth and nonfarm payrolls. Traders should be prepared for some movement from USD/CAD in the North American sessio
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With my prediction of several indicators for the technical analysis of currency pairs USDCAD on the market today are at the 1.3108 pivot then I recommend you to do the open position BUY with some criteria such as the following. You put a take profit at 1.3158 positions. You put a stop loss at 1.3073 positions
The indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 1.3117
Resistent2 = 1.3121
Resistent3 = 1.3130
Pivot = 1.3108
Support 1 = 1.3104
Support 2 = 1.3082
Support 3 = 1.3091