Usd/Cad

usd/cad ka niche girne ka treand khatam ho gya he or eska up treand shuru ho gya he.
agar ham lambe time tk esko kharide ge to hame fayda hoga

USD/CAD
- currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
1.4249 - 1.4298 - 1.4391
Resistance 1 - Resistance 2 - Resistance 3.
1.4534 - 1.4582 - 1.4676
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.

March 24 (Reuters) - Gold prices rose on Tuesday, following a near 4% jump in the previous session after the U.S. Federal Reserve announced unprecedented measures to support an economy which is reeling from the coronavirus pandemic.

FUNDAMENTALS
* Spot gold climbed 1.7% to $1,578.83 per ounce by 0116 GMT. The metal rose 3.7% on Monday, its highest percentage gain since June 2016.


* U.S. gold futures rose 1.6% to $1,592.20 per ounce.
* For the first time, the Fed will back purchases of corporate bonds, backstop direct loans to companies and will "soon" roll out a program to get credit to small and medium-sized business.

The G-10 major currencies are having their troubles, and the loonie is no exception. Financial markets are stressed, and that is feeding fears of a liquidity crunch. Equity markets are in turmoil. The Dow Jones Industrial Average is down 19.8% since the start of the year. Other global equity indexes are in the same boat. Plunging stock prices caused other problems. Gold dropped alongside side stocks as traders scrambled to raise cash, and the cash they wanted was U.S. dollars. The U.S. Dollar Index (DXY), often considered a U.S.-dollar-sentiment proxy climbed 6.5% since March 9.

Another major issue behind U.S. dollar demand is global equity portfolio managers forced to unwind hedges. These foreign managers hold large equity positions, hedged to their home currency.

When the stock indexes decline, their hedge ratios become too large. They are forced to sell U.S. dollars to get them back in line.
Another factor behind the surge in U.S. dollar demand is the American economic outperformance compared to the rest of the G-10 nations. The American economy was still growing, even as the eurozone economies were flirting with a recession. President Trump’s aggressive response to the coronavirus outbreak, which includes plans for a trillion dollar stimulus package, is underpinning the greenback.

USD / CAD


Resistance Level (R3): 1.476
Resistance Level (R2): 1.465
Resistance Level (R1): 1.457
Pivot Point: 1.446
Support Level (S1): 1.437
Support Level (S2): 1.426
Support Level (S3): 1.417 Good luck

trade after looking strong bull type position, current price aur previous price market ke up hony ka ishara de rahe hain. 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. resistance and Support points bhi market ke up hony ka ishara de rahe hain. Isliye hum ko buy main trade laga deni chahiyeYe pair sell 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...Shukria

kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai ,
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh.

I predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.

money management is very effective for getting profits with stop loss and take profits method with current trading position.

Usdcad
u.s. Dollar / canadian dollar
1.44177
cad
−0.00753 (−0.52%)
market open (mar 23 23:41 utc-4)
1.44930
prev
1.44930
open
66.394k
volume
1.43995 — 1.45246
day's range

USD/CAD

The Dow Jones Industrial Average futures fell more than 900 points, or 5%, to hit their “limit down” level. S&P 500 and Nasdaq 100 futures were also down around 5%. The price of oil fell to a low of $20.84 from $23.40.


Reports of talks between OPEC and the US shale industry did little to ease the selling in the crude oil market last Friday as the market sees little hope of any coordinated approach on supply within OPEC+.

"With nearly 10% of the world’s oil demand coming from the auto sector in the US, the forced lockdown in several US cities could have a significant impact on gasoline consumption. But with the normal circuit breaker of curtailed supply in effective, the downside to prices remains significant," analysts at ANZ Bank explained.

dear all member of Indian Forum, today I will discuss about my analysis

this pair maybe can move towards to top and continue the bullish trend

current price aur previous price market ke up hony ka ishara de rahe hain. 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. resistance and Support points bhi market ke up hony ka ishara de rahe hain. Isliye hum ko buy main trade laga deni chahiyeYe pair sell 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

Exponential Moving Average (18) : UP
Simple Moving Average (22) : UP
Exponential Moving Average (38) : UP
Exponential Moving Average (65) UP

please avoid using big lot for your trade because this business is very dangerous. forex traders need to develop their own trading strategies and have to trade with the right knowledge and skills, this is a great place to make money and we can make very large amounts of money without limits if we can trade properly knowledge and experience, anything can happen in forex market. good luck to your trading my friend