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USD/CAD market technical analysis
market trend is buy position
current market price =1.3484
Resistance levels
the market could break the first resistance at =1.3537
the market could break the second resistance level at =1.3578
the market could break the third resistance level at =1.3631
Support levels
the market could break the first support levels at =1.3443
the market could break the second support level at =1.3390
the market could break the third support level at =1.3349
Current price @ 0.9857. This is a good moment because the price is experiencing a correction. I think the price will reverse at low sma5 h4. pending orders we put there. the first buylimit position, experienced loss, but if today's price moves upward then the position will turn into profit.
Position For Order:
Position 1 ==> buy limit @ 0.9853
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Note:
Always slide the buy / sell limit follow the movement of sma or ema.
And remember, always disciplined and follow the rules.
Daily overview for UsdCad
The price is finding the first support at 1.3461 and the next support is at 1.3436 The price is finding the first resistance at 1.3506 and the next resistance is at 1.3528 I predict price will be continued flying today. The first target is the level 1.3520 After fixing below the first target, then price will go to the level of 1.3550 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.
“--- Trading recommendations for trading : Open Buy ---“
Support Resistance Area
Resistance1 : 1.3506
Resistance2 : 1.3528
Resistance3 : 1.3545
Support 1 : 1.3461
Support 2 : 1.3436
Support 3 : 1.3451
Pivotal Points: 1.3476
Resistance 3: 1.3640
Resistance 2: 1.3580
Resistance 1: 1.3536
Support 1: 1.3432
Support 2: 1.3372
Support 3: 1.3328
USD/CAD is BUY
pivot point;1.3480
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:1.3533
2> Resistance level is: 1.3574
3> Resistance level is: 1.3627
Supporting level is
1> Supporting level is: 1.3439
2> Supporting level is: 1.3386
3> Supporting level is: 1.3345
For the pair USD / CAD. The pair is trading at 1.3406 and above the opening level of 1.3345. If the price goes above the level of 1.3411, then to the level of 1.3445 and maybe 1.3455. If the price goes below the level of 1.3375, then to the level of 1.3354 and maybe to the level of 1.3340.
The pair is trading above the daily pivot, the main indicators on the M30 show north, so I’m still for the north, but I’m waiting for the breakdown level of 1.3411.
according to USDCAD technical analysis , I predict this pair have BULLISH TREND. the price is break the Resistance trend line and it is Flying Up side with having the Long signal from the parabolic SAR. the market trend could remain in this position and I expected support resistance levels
Resistance1 # ------- # 1.3507
Resistance2 # ------- # 1.3529
Resistance3 # ------- # 1.3502
Support 1 # ------- # 1.3462
Support 2 # ------- # 1.3443
Support 3 # ------- # 1.3500
I suggest to take LONG position at ----- 1.3485
target take profit at ----- 1.3534
target stop loss at ----- 1.3445
Attachment 16935
This pair usd/cad
Technical analysis of today is bullish.
Pivot Point. 1.3477
Current Price. 1.3486
Resistance level
1st. 1.3497
2nd. 1.3508
3rd. 1.3519
Supporting level
1st. 1.3475
2nd. 1.3464
3rd. 1.3453
Technical analysis of usd/cad
Today bullish trend.
Pivot Point. 1.3477
Current Price. 1.3494
1. Resistance level is. 1.3506
2. Resistance level is. 1.3517
3. Resistance level is. 1.3528
1. Supporting level is. 1.3483
2. Supporting level is. 1.3472
3. Supporting level is. 1.3461
Analysis for UsdCad Sell intraDay
Support_1 1.3482
Support_2 1.3471
Aur
Support_3 1.3460
Resistance_1 1.3507
Resistance_2 1.3518
Aur
Resistance_3 1.3529
Ap sy request ha k ap apni behalf par trading kary ye srf meri personal analysis he ap apne khud k mind se trade kare.