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The USD/CAD pair dropped to fresh three-month lows in the last hour, with bears now looking to extend the downfall further below the 1.3400 mark.
The US dollar built on its intraday recovery move and attracted some follow-through buying interest despite much better-than-expected US monthly jobs report. The headline NFP print showed that the US economy unexpectedly added around 2.50 million jobs in May, surpassing even the most optimistic estimates.
Adding to this, the unemployment rate fell to 13.3% during the reported month as against 14.7% previous and consensus estimates, pointing to a big jump to 19.8%. The data added to the recent optimism over a sharp V-shaped economic recovery and reinforced expectations that the worst of the coronavirus pandemic was over.
On the other hand, the commodity-linked currency – the loonie – remained well supported by a strong intraday rally in crude oil prices. This coupled with stronger-than-anticipated domestic employment details, provided an additional boost to the Canadian dollar and helped offset a modest pickup in the USD demand.
The USD/CAD pair extended its downfall further below the very important 200-day SMA and now seems to have filled a big bullish gap recorded in early March. A subsequent fall below the 1.3400 mark will confirm a near-term bearish breakdown and set the stage for a further near-term appreciating move.
USD/CAD technical levels
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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
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we predict future values with technical analysis for wide selection of Forex currency pairs like USD/CAD. If you are looking for Forex pairs with good return, USDCAD can be a profitable investment option. USD/CAD rate equal to 1.343 at 2020-06-06 (today's range: 1.343350 - 1.343350). Based on our forecasts, a long-term
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The pair is again retesting an important level on the daily. The level is strong and we have seen a rejection of the previous attempt of the breakout. It is therefore reasonable to expect a bounce back from this level again. There is an interesting sub-level, whichHNS not confirmed yet so I will add to my position at 88720 if HNS develops. Until then lets grab some pips and keep an eye out on this one. I'm a little aggressive with my entry on this one. Entry 89861 TP 87716 SL 90192 Will update with any sell stops or TPs along the way.
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit
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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai======
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USD/CAD
Pivot Point 1.3442
Supporting 1.3436
Supporting 1.3425
Supporting 1.3408
Resistance 1.3454
Resistance 1.3460
Resistance 1.3477
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Today market technical anàlyse trend by sell market going to sell position.
I advise to gold sell and make profit .
Rsi
zigzag
is the best technical analysis in use stop loss and take profit and gain good and huge profit. and happy ad enjoy to make money.
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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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update-
agar ham eska daily chart dekhe to pata chalta he ki ye trend line ko chu rhaa he so eske ab girne ki umid kr skte he..
dusra majbut karan..
agar eske weekly chart ko dekhege to wahaa ek shooting star banaa hu hee...
meri hisab se abi ye niche aayega.
