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I am guided by indicators Stochasis (7,5,3) which break high and fibbo indicator trend down and assuming that there are several possible markets trend is overbought then I will use the trapping strategy with market position BUY 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.
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Pivot points: 1.4100
Resistance 1= 1.4106
Resistance 2= 1.4116
Resistance 3= 1.4116
Support 1= 1.4090
Support 2= 1.4084
Support 3= 1.4073
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Usd/Cad
Pivot points: 1.4100
Resistance 1= 1.4106
Resistance 2= 1.4116
Resistance 3= 1.4116
Support 1= 1.4090
Support 2= 1.4084
Support 3= 1.4073
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The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change
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Today Market anlisss...
all routine of the chart and indicator I have come to know that today the market will move on up way so all my brothers I will suggest that we should choose the option of buy for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck....
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USDCAD
Market trend
Sell
Support 1 1.4005
Support 2 1.3966
Support 3 1.3898
Resistance 1 1.4112
Resistance 2 1.4180
Resistance 3 1.4219
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Usd/Cad
Pivot points: 1.4100
Resistance 1= 1.4106
Resistance 2= 1.4116
Resistance 3= 1.4116
Support 1= 1.4090
Support 2= 1.4084
Support 3= 1.4073
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
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traders are be likely to increase their bets on a new stimulus to help the economy, which should put the USD under more pressure, and accordingly the USD/CAD pair is likely to drop further in that case. Recently the price has been demonstrating downside movement despite the fact that it managed to decline by almost 120 pips in 8 days. Current resistance for the price is the 50.0 long-term Fibonacci correction level.
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The USD/CAD pair is sitting just above the 20-day average at 1.4036 at press time, having hit a high of 1.4078 in early Asia.
The pair has pulled back from session highs despite the impending bullish crossover of the 100- and 200-hour averages.
While the impending bullish cross suggests the path of least resistance is to the higher side, Monday's Doji candle and Tuesday'sbearish follow through suggest otherwise. The pair, therefore, risks falling to the 200-hour average at 1.4022 - 1.40.
A channel breakout, if confirmed, would imply an end of the drop from the March 3 high of 1.4151. However, stronger evidence of bullish breakout would be above Monday's high of 1.4153
