Originally Posted by
mansurep
this is my analysis for USDCAD
hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakdown of the resistance level at 1.3308 and the pair will continue to go down to the next level level at 1.3288
Resistent1 : 1.3355
Resistent2 : 1.3377
Resistent3 : 1.3350
Support 1 : 1.3310
Support 2 : 1.3291
Support 3 : 1.3348
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 1.3313 stop loss at the level 1.3368 target take profit at the level 1.3288
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.