Usd/Cad

Buy near 1.3460 - 1.3465 - Price created a limit level It is Intraday entry with low risk


1. Resistance is. 1.3447
2. Resistance is. 1.3457
3. Resistance is. 1.3470

1. Supporting is. 1.3427
2. Supporting is. 1.3413
3. Supporting is. 1.3391

Daily overview for UsdCad
The price is finding the first support at 1.3409 and the next support is at 1.3384 The price is finding the first resistance at 1.3454
and the next resistance is at 1.3476 I predict price will be continued falling today. The first target is the level 1.3383 After fixing below the first target, then price will go to the level of 1.3367 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 Sell ---“

According to the current scenario I would like to recommend you to keep an eye on support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable trading everyday !!

The pair now is moving up after facing the strong support level @ 0.9806 (0.0%) , i think the pair will continue moving up till reaching the resistance level @ 0.9881 (23.6%) then it will correct its direction by moving down again , so i suggest to sell now on the short term or wait till reaching the resistance level then sell the pair . Good Luck

Today Analysis USDCAD

Market Trend BEARISH

Pivot Point 1.3451

S 1 1.3409

S 2 1.3384

S 3 1.3343

R 1 1.3476

R 2 1.3517

R 3 1.3542

at this point, neither of those themes have taken-over in the Euro, and the same digested-congestion that’s become commonplace remains. As looked at in FX Setups of the week earlier this month, the range in EUR/USD presented a fairly compelling backdrop for traders. Sure, the prospect of a bearish breakout could bring large moves; but that range was fairly well-built, and the way that buyers treated the bottom-portion of EURUSD support in the opening days of April gave the illusion that the range would remain.

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 1.3408 and the pair will continue to go down to the next level level at 1.3386 in my personal view this pair will be continue bullish trend, for intraday trading today

I advice to entry SELL Order at the level 1.3417 stop loss at the level 1.3372 and target take profit at the level 1.345

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.

usd/cad current price is.1.3428
trend strong sell now
Last Updated: May 16,
Symbol S3 S2 S1 P R1 R2 R3
USDCAD 1.341 1.3421 1.3425 1.3432 1.3436 1.3443 1.3454
SUPPORT & RESISTANCE
USD/CAD
S1 1.3427 W R3 1.3603 S
S2 1.3355 M R2 1.3519 M
S3 1.3179 S R1 1.3494 W
Trend Down. this pair is going to strong sell .

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 1.3405 and the pair will continue to go down to the next level level at 1.3383 in my personal view this pair will be continue bullish trend, for intraday trading today

I advice to entry SELL Order at the level 1.3414 stop loss at the level 1.3369 and target take profit at the level 1.3449

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 flat for a day above the 1.2980 level I talked yesterday so will see how it goes at this stage, it would be good idea to collect profits at this moment and wait for some retracement higher to re-enter. For those who are willing to take some more risk can keep the position, otherwise look to enter shorts after Monday next week at somewhere 1.31..

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