Usd/Cad

USDCAD moves sideways between support at 0.9906 and resistance at 0.9962. Major support is at 0.9875. The underlying trend is negative. Hence, we see an increase of 0.9633 as counter trend movement. A medium-term resistance is at 1.0250.

USDCAD now trying to break its daily pivot, when it broke, the pair could rise towards 0.9937, and will continue to 0.9956. However, if it move down and break the 0.9905 level, the pair will go lower.

Support: 0.9888
Pivot: 0.9921
Resistance: 0.9955

trendspotter hold
7 day average directional indicator sell
10-8 day MA hilo channel hold
20 day MA VS Price sell
20-50 Day MACD oscillator buy
20 Day Bollinger Bands hold

Technical Analysis for USDCAD 20% Sell

USD/CAD intraday: further upside.
Our preference: Long positions above 0.9915 with targets @ 0.996 & 0.997 in extension.

Alternative scenario: Below 0.9915 look for further downside with 0.99 & 0.988 as targets.
Key levels
0.999
0.997
0.996
0.99459 last
0.9915
0.99
0.988

“The USDCAD rally from September is in 5 waves therefore the reversal should be respected. The most common retracement area following 5 wave movements is the former 4th wave, which comes in at 9874. The USDCAD reversed sharply before reaching 9900. The corrective nature of weakness from 10056 is suggestive of a move back towards parity. Given the length of time that the rally from 9632 consumed, it’s more probable that the 3 wave decline from 10056 is just wave A of a larger corrective pattern rather than the entire correction.”

FOREXTrading Strategy: Near term, look higher towards at least parity as long as price is above 9905. Expect a reaction between 9998 and 10009.

LEVELS: 9835 9874 9905 9960 10009 10056

Waiting for confirmation signal to sell, which may be the breakthrough zones of lower fractals (Support 9900), the north do not view as the pair is not fulfilled some Northern signal and graphically noticeable that the course is under strong selling pressure, the breakthrough 9900 figures can bring a couple to around 9780.

On the hourly chart clearly visible formed a converging triangle, is in no hurry to close its sale, I hope that it will sample its southern border - Support 9900, while selling more that interesting on the daily chart is still working out the divergence MASD south.

USD/CAD Pivot @ 0.9925. My preference is Short positions below 0.9925 with targets @ 0.988 & 0.987 in extension.
Or maybe Above 0.9925 look for further upside with 0.9955 & 0.998 as targets.
Intraday technical indicators are mixed and call for caution.

USD / CAD
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The articles previous In, valid remains movement downside potential the that suggested we ace of long ace of the below trading is pair 1.0040 below and 1.0000 area, resistance psychological the.

Zone Price 0.9900 - 0.9860 ( Important Fibonacci Levels) action price bullish strong expressing support strong provided, candlestick daily engulfing bullish giant the in manifest is which.

The USD / towards reaction bearish strong expressed pair cad 1.0020 - 1.0050, above consolidate to failing 1.0040. Indicated towards move bearish strong a This 0.9995; then 0.9945 Intraday Support around when occurred actually which place took 0.9980 down broken was.

The Daily range consolidation narrow a showed chart 0.9905 - 0.9955, above pips few located 0.9890 ( 50% Fibonacci Level) decisions further for watched be should action price the where today approached being is which.
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Yesterday USDCAD pair stepped back just below the lower limit of the bullish channel described, failed to consolidate down a sign expressing bullish price action is quite significant to 0.9910. Level 0.9905 to 0.9895 should be defended by bullish today. If not, it may be indirectly reached 0.9855.