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USD/CAD intraday: the upside prevails.
Our preference: Long positions above 0.986 with targets @ 0.9905 & 0.993 in extension.
Alternative scenario: Below 0.986 look for further downside with 0.9845 & 0.9825 as targets.
Key levels
0.9955
0.993
0.9905
0.98881 last
0.986
0.9845
0.9825
Pre-Signal Analysis: for this pair - tetep bulls
Recommendation: I see if price continues to be moving above resistance 0.9888 = okay looking buy again
:yahoo:
\\\\Cad for a change of trend, the pair broke the sliding alligator and a zone of the upper fractal (resistance 9877), after which the rate began to consolidate above the mark, also moving alligator changed the trend and turned to the north, has opened a purchase.`````
is wkt dear ye pair dow ha iski value 0.9888 chal ri ha r ab medium condtion m chal rha ha chay chek kr kty hain ap log r ye kal b throa nechy jy ga ok ku dollar down ho gya ha
ye abhi 4h chat ke strong support price level par hai...ye two times .9660 ki price ko touch kr ke up direction me gay hai..we expect this time it also go in up direction..esme 0.9722 ka tp rkh sakte hai kyo ki es level ki price pr esko support hai..jo resisatnce me convert ho skta hai
USDCAD has broken its short-term declining channel. The resistance at 0.9888 is challenged. The underlying trend is negative. Therefore, we see the rise from 0.9633 as a countertrend move. A medium-term resistance is at 1.0250.
Couple still broke through the upper boundary of the channel and then went to the small southern correction and re-test this inclined line, while still expecting more growth and forward their point of call for the purchase, but if the couple will be back again in the channel and burst-selling 9870.
USDCAD has broke the resistance level 0.9891, it may continue rise towards 0.9907. After that, it is possible to begin reverse, and may fall back to its daily pivot level 0.9880
As long as price stay above 50 ema, the trend will remain bullish trend
During the last MACD above level 0, the trend will remain bullish trend
Trend: bullish
Target 0.9928
Today’s technical analysis
Resistance 3- 0.9917
Resistance 2- 0.9906
Resistance 1- 0.9891
Pivot point- 0.9880
Support 1- 0.9865
Support 2- 0.9854
Support 3- 0.9839
the price is break the its resistance at 0.9895 and moving continue up side. this will touch the resistance level at 0.9906 then may be we can see some down side movement.
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