Usd/Cad

The Markit Manufacturing PMI in Canada dropped to 50.4 in December from 51.4 in November and fell short of analysts' estimate of 51.9 to show that the economic activity in the manufacturing sector expanded at a softer pace than expected.

i think so the current trend down movements 0.9700 agar isne price break kiya 0.9770 toh definatly mere hisab se yeh upward movemnet mai jayega aroung 0.9820............

badiya analysis bro, abi e pair girne ke liye bahut chance hai, kyo ki USD grina suru kiya ta NFP news ke bad, Aaj CAD ka news aane vla hai @ 6pm and 7:30pm, e dono e pair ko maddat karne ke liye chnaces hai iste badh price gir sakta hai.

The USD/CAD pair rose above the 1.3000 handle earlier in the day but struggled to stretch higher as surging crude oil prices helped the commodity-related loonie stay resilient against the greenback. As of writing, the pair was up 0.06% on the day at 1.2986

The USD/CAD pair consolidated its recent fall to near 14-month lows and was seen oscillating in a narrow trading band, just below the key 1.30 psychological mark on Friday.

A combination of diverging forces failed to provide any meaningful impetus and led to the pair's subdued trading action through the early European session on the last day of the week. A strong rally in crude oil prices underpinned the commodity-linked currency – loonie and kept a lid on the pair's early attempted recovery move.

The USDCAD tests the broken support

The USDCAD pair provided temporary positive trades yesterday to test the previously broken support at 1.3015, as it keeps its stability below it until now, accompanied by witnessing negative signals through stochastic, which supports the chances of resuming the expected bearish trend for the upcoming period, which its next main target located at 1.2860.



The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3015 and 1.3050.



The expected trading range for today is between 1.2900 support and 1.3050 resistance.



The expected trend for today: Bearish

Today market trend Sell.This should be much stronger support.

I know, I know, "Bottom picking is a Stinky Business" lol.
But fibs and confluences often point out the exact bottom.
Not all fibs start a reversal, but most Reversals start at a fib.

1.3007-3014 will be tough resistance, break and retest would be a good sign.
1.3053-3058 is a natural retrace level, could fail there to continue downtrend.
1.3099-3102 is the ideal target, should be achievable if Oil take a breather.

predictions for the day.
trading is risky if no analysis is done
USD/CAD - is the currency pair we will be focusing on
major low levels also known as supports 1.2973
major high levels also known as resistance - 1.2994

Pair: usd.cad


Today indicators shown bearish short terms trend.

Pivot Point : 1.2998
Supporting Levels:
Support 1: 1.2978
Support 2: 1.2958
Support 3: 1.2938

TREND: BULLISH
Resistance Levels:

Resistance 1: 1.3018
Resistance 2- 1.3038
Resistance 3: 1.3058
When today the market is opened then showing up and supporting levels are also available here its not remain here this pair because h4 telling here down side that is up trends

Today analysis for the pair of usdcad

Is time ke price ye chal rhe he......... 1.2998

Resistance level 1 # 1.3030
Resistance level 2 # 1.3060
Resistance level 3 # 1.3090

Support level 1 # 1.2976
Support level 2 # 1.2950
Support level 3 # 1.2920

Ye pair buy ka bna huwa he i think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye i hope is trade se ham profit earn kar len