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The USD/CAD reached briefly above 0.9900 in the opening hour of the European session as the greenback was supported by a negative open for equities, however a quick recovery in London has pressured the pair back down towards the prior level of 0.9875 where it lingers in wait of fresh direction.
Today I will discuss about USDCAD pair. I see the daily chart that indicate complete downtrend of this pair. Exponential Moving Average (5) 0.71003 : DOWN, Simple Moving Average (5) 0.71032 : DOWN, Exponential Moving Average (10) 0.70951 : DOWN, Simple Moving Average (10) 0.70939 : DOWN, Exponential Moving Average (20) 0.70962 DOWN . My predict price will falling today. If you choose SELL position, then put a take profit at 1.3362 and stop loss at 1.3446. Please avoid using big lot for your trade because this business is very dangerous. anything can happened in forex market. good luck to your trading my friend and I hope you can make consistent profit everyday. .
Potential Resistance1 == 1.3436
Potential Resistance2 == 1.3455
Potential Resistance3 == 1.3474
Potential Support1 == 1.3390
Potential Support2 == 1.3369
Potential Support3 == 1.3386
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 back
his pair usd/cad
Technical analysis of today is bearish
Pivot Point. 1.3428
Current Price. 1.3416
Resistance level
1st. 1.3427
2nd. 1.3438
3rd. 1.3450
Supporting level
1st. 1.3400
2nd. 1.3388
3rd. 1.3377
Pivotal Points: 1.3479
Resistance 3: 1.3545
Resistance 2: 1.3525
Resistance 1: 1.3499
Support 1: 1.3453
Support 2: 1.3433
Support 3: 1.3407
Technical analysis of usd/cad
Today bearish trend.
Pivot Point. 1.3428
Current Price. 1.3416
1. Resistance level is. 1.3427
2. Resistance level is. 1.3438
3. Resistance level is. 1.3450
1. Supporting level is. 1.3400
2. Supporting level is. 1.3388
3. Supporting level is. 1.3377
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 analysis of Usd/cad
Trend is= Sell
Support & Resistance level is :
Support Level is :
Support Level 1 => 1.3461
Support Level 2 => 1.3455
Support Level 3 => 1.3443
Resistance level is :
Resistance Level 1 => 1.3468
Resistance Level 2 => 1.3478
Resistance Level 3 => 1.3489
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 the breakdown of the resistance level at 1.3387 and the pair will continue to go down to the next level level at 1.3365 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry SELL Order at the level 1.3396 stop loss at the level 1.3351 and target take profit at the level 1.3431
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.
USDCAD H1 chart
Look. There is a interesting setup which might take us to green pips.
This is divergence pattern + support + morning star formation (candlesticks)
Let's see what will happen..
Please. Let's discus this.