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bearish 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 sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bearish trend, now current price at 1.3324 and strong resistent at level 1.3346 in hourly time frame. there is possible chance price will move to up side. then next low price is 1.3273
I suggest to entry SELL with stoploss at 1.3359 and take profit at 1.3274
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss
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Right now the usd/cad rate 1.3328
Today the suitable selling point will be 1.3228
And today the suitable buying point is 1.3430
Good luck
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I would like to analyze the long term view of the pair. We can see in H1 chart that the price is under the Ichimoku Kumo Cloud. The MACD is under the zero line. These signals confirm for the continuing downtrend in long term view.
Here is the chart.FOLLW THE TREND
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Pivotal Points: 1.3362
Resistance 3: 1.3497
Resistance 2: 1.3446
Resistance 1: 1.3413
Support 1: 1.3329
Support 2: 1.3278
Support 3: 1.3245
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according to USDCAD technical analysis , I predict this pair have BEARISH TREND
the market trend could remain in this position and I expected support resistance levels
Resistent1 # ------- # 1.3346
Resistent2 # ------- # 1.3368
Resistent3 # ------- # 1.3341
Support 1 # ------- # 1.3301
Support 2 # ------- # 1.3282
Support 3 # ------- # 1.3339
I suggest to take SHORT position at ---------- 1.3324
target take profit at ---------- 1.9504
target stop loss at ---------- 1.9594
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according to USDCAD technical analysis , I predict this pair have BEARISH TREND
the market trend could remain in this position and I expected support resistance levels
Resistent1 # ------- # 1.3346
Resistent2 # ------- # 1.3368
Resistent3 # ------- # 1.3341
Support 1 # ------- # 1.3301
Support 2 # ------- # 1.3282
Support 3 # ------- # 1.3339
I suggest to take SHORT position at ---------- 1.3324
target take profit at ---------- 1.9504
target stop loss at ---------- 1.9594
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USDCAD rose on Wednesday as traders ran from anything even remotely risk related, and the CAD suffered as a result. It should be noted that we stopped at the 0.9920 level, and that since then, we are pulling backfollow market
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according to USDCAD technical analysis , I predict this pair have BEARISH TREND
the market trend could remain in this position and I expected support resistance levels
Resistent1 # ------- # 1.3346
Resistent2 # ------- # 1.3368
Resistent3 # ------- # 1.3341
Support 1 # ------- # 1.3301
Support 2 # ------- # 1.3282
Support 3 # ------- # 1.3339
I suggest to take SHORT position at ---------- 1.3326
target take profit at ---------- 1.9506
target stop loss at ---------- 1.9596 thanks you good luck
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USD/CAD Technical analysis
Resistance level 1:1.3330
Resistance level 2:1.3342
Resistance level 3:1.3358
Supporting level 1:1.3305
Supporting level 2:1.3290
Supporting level 3:1.3276
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usd/cad Resistance & Support
Resistance
1> Resistance 1.3376
2> Resistance 1.3352
3> Resistance 1.3395
Support
1> Support 1.3357
2> Support 1.3330
3> Support 1.3318
