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:1f431:Currency pair is : Usd/Cad
Trend is : sell
parabolice indicator is:
Resistance and supporting level of this pair is :
Pivot Points:1.3269
Current price:1.3226
Resistance level of this pair is:
1# Resistance is: 1.3237
2# Resistance is: 1.3250
3# Resistance is: 1.3265
Supporting level of this pair is :
1# Supporting is: 1.3210
2# Supporting is: 1.3198
3# Supporting is: 1.3182
USD/CAD has been trading on a bearish trend for about a week since it reversed lower last Friday after the soft US non-farm employment change figures. This pair has lost nearly 200 pips during this time and it is also being helped by the bullish move in Crude Oil which has climbed around $4.
The Dollar jumped across the board in the last hour as stocks decline in Wall Street and Europe and gold retreats sharply. USD/CAD rose 70 pips in 30 minutes and moved away from multi-year lows. Greenback jumped from 0.9420 to 0.9490, reaching the strongest levels in two days.
A break and close back above 0.9500 could once again suggest that a base is in place and put the pressure back on the upside. Cyclically, this market looks to be quite stretched (on a longer-term basis) and we therefore see risks over the near term for a major reversal back in favor of the USD. Given where we are trading, looking for this trend reversal at current levels becomes all the more compelling.
***technical analysis of usd/cad.
Today bullish trend.
1. Resistance level is. 1.3296
2. Resistance level is. 1.3344
3. Resistance level is. 1.3366
1. Supporting level is. 1.3227
2. Supporting level is. 1.3204
3. Supporting level is. 1.3158
***good luck all***
Today analysis for the pair of : usd/cad
Trading opinion for the best profitable trade: Open buy
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
1 Resistance : 1.3350
2 Resistance : 1.3380
3 Resistance : 1.3410
Supporting level
1 Supporting : 1.3290
2 Supporting : 1.3260
3 Supporting : 1.3230
Price will go upto 0.9715 and then bounce back is possible as trend line is there, in H4 it formed head ans shoulder pattern thats why it faling 0.9855 level, Now after hitting the mentioned target raises is expecting.
my dear sir today of my tachnical analysis is bearish trend seems to be taking place on the usd cad pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A sell signal is indicated from the Simple Moving Average indicator and that is by giving us sell signal t his pair can continue bearish trend now current price at 1.33252 and strong support at level 1.32859 in hourly time frame there is possible chance price will move to up side then next high price is 1.33386
today's market technical over view for usd/cad
according to market technical analysis the market have down trend
the market trend could remain in this position
expected resistance and support levels
market price ----------1.3322
1- Resistance level----------1.3337
2- Resistance level----------1.3350
3- Resistance level----------1.3360
1- Support level-------------1.3308
2- Support level-------------1.3295
3- Support level-------------1.3284
Usd cad
After observing the chart of markeet i come to say that this pair has bearish trend & has sell position .there candels never shown to the positive signel so we learn more the rate of its 1.3326 .it can show us crunt pisition is different from previous position .but if it come back then it can support us at 1.3310 to 1.3270 .so take care.