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Prices put in a Bearish Engulfing candlestick pattern below resistance at the psychologically critical parity level and corrected lower, with subsequent price action taking the shape of a triangle chart pattern. The setup is indicative of bullish continuation and I will look for a break above resistance at 0.9910 – the 23.6% Fibonacci extension level – to enter long.
i think traders should go long positions above 0.987 with targets at 1.0015 and 1.007 in extension.
but if the price move under 0.987 look for further downside with 0.9775 and 0.9675 as targets.
good luck
Time Frame - 4 Hour
Currency pair - USD/CAD
Buy @ - 1.3153
Stop Loss - 1.3146
Take Profit - 1.3160
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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.
USD/CAD > BEARISH
PIVOT POINT > 1.3156
x Supporting 1.3365
y Supporting 1.3538
z Supporting 1.3197
x Resistance 1.3187
y Resistance 1.3273
z Resistance 1.3384
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 1.3155
This currency name - USD/CAD
Resistance and Target - 1.3159
Support and Stop Loss - 1.3151
Always follow Long time frame market trend.
Signal is Sell.
I anticipate this pair USD CAD have bullish course
.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today.
time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.
Usdcad
Bollinger Bands:buy
Resistance and Supporting level is:
Resistance price is :
Resistance 1:1.3180
Resistance 2:1.3222
Resistance 3:1.3260
Supporting price is :
Supporting 1:1.3120
Supporting 2:1.3080
Supporting 3:1.3050
After moving sideways near 1.3150 for the majority of the day, the USD/CAD pair gained traction in the last hour and was last seen trading at 1.3164, adding 0.16% on a daily basis.
The USDCAD attempts to recover
The USDCAD pair attempted to breach 1.3155 level, but it returns to settle below this level, noticing that there is a new bearish channel that organizes the last bearish wave, while stochastic provides negative signals now.
therefore, these factors encourage us to keep preferring the bearish trend in the upcoming period, targeting 1.3015 as a next station, being aware that the continuation of the bearish wave that depends on the stability below 1.3155 and 1.3170 levels.
The expected trading range for today is between 1.3070 support and 1.3200 resistance.
The expected trend for today: Bearish