the pair succeeded to break the downtrend channel and now the retest to the trend line is completed. So up movement is expected targeting 0.9823.
But if the price able to break 0.9751, we may see bearish again of this pair.
Printable View
the pair succeeded to break the downtrend channel and now the retest to the trend line is completed. So up movement is expected targeting 0.9823.
But if the price able to break 0.9751, we may see bearish again of this pair.
The following data is predicted based on indicators that we use for the currency pair USD/CAD today, for today's support and resistance levels as follows: (R3=1,0611), (R2=1,0584), (R1=1,0562), (Pivots=1,0535), (S1=1,0513), (S2=1,0486), (S3=1,0464)
recommendation:
place your sell stop at 1,0515 target profit at 1,0495 (Seller zones)
place your buy stop at 1,0555 profit target at 1,0575 (buyer zone)
The U.S. edged lower against its Canadian counterpart in subdued trade on Monday, with markets closed in the U.S. and Canada closed for the Labor Day holiday, while concerns over an imminent strike against Syria eased.
USD/CAD hit 1.0517 during early U.S. trade, the session low; the pair subsequently consolidated at 1.0524, easing 0.09%.
The pair was likely to find support at 1.0474, the low of August 28 and resistance at 1.0569, the high of August 23.
U.S. President Barack Obama launched a political offensive on Sunday to persuade Congress to approve a military strike against Syria, but faced a struggle to win over lawmakers from both parties.
Congress will only debate a Syria strike when it returns from its summer recess on September 9, delaying any possible response to a chemical gas attackthat is believed to have killed hundreds of civilians last month.
Market sentiment found some support earlier in the day, after positive manufacturing data out of China added to hopes for a strong recovery in the world's second largest economy.
China’s final HSBC Purchasing Managers Index inched up to a four-month high of 50.1 in August, unchanged from a preliminary reading and up from 47.7 in July.
The upbeat data was published one day after a government report showed that China’s manufacturing purchasing managers' index climbed to a 16-month high of 51.0 in August from 50.3 in July, beating forecasts for 50.6.
The loonie was higher against the euro with EUR/CAD edging down 0.17%, to hit 1.3899.
In the euro zone, Markit research group said its final manufacturing PMI rose to 51.4 in August, from a reading of 51.3 the previous month, hitting the highest level since July 2011. Analysts had expected the index to remain unchanged last month.
Markit said Spain's manufacturing PMI rose to 51.1 in August, from a reading of 49.8 the previous month, hitting its highest level since April 2011. Analysts had expected the index to rise to 50.8 last month.
My analysist for usdcad today, 03 sepetmber 2013
this strategy is using open day daily chart. So, my strategy is based on the open daily price.
This strategy is simple, just using dolly graphic. So my strategy is just using pending order.
Buy stop 1.0570 tp 1.0590 sl 1.0530
sell stop 1.0530 tp 1.0510 sl 1.0570
happy trading, may profit always with us
Usd/cad analysis for 09.03.2013 by using pivot indicator.
r3: 1.06064
r2: 1.05822
r1: 1.05658
pivot: 1.05416
s1: 1.05252
s2: 1.05010
s3: 1.04846
Usd/cad analysis :
date : 09.03.13
time : 06:45 GMT
time frame : 15 min
current rate : 1.0544
high : 1.0561
low : 1.0540
net change : -0.01%
overall trend : strongly bearish.
today i like to buy this pair @ 1.0532
my stop loss of the day @ 1.0522
half take profit for today @ 1.0545
and further half take profit @ 1.0557
The pair failed to break through the monthly maximum (resistance 0560) - from him once again held southern lights out until the course has approached the medium sloping support level (the point of tangency 0530) - which, together with the 0560 formed a converging triangle, if the course is now able to break through the lower boundary triangle with a profit selling on 0780.
i think humain usd and cad dono py sath sath working krni chahiya ta ky
usd ky rate girny sy ya cad ky rat girny sy humain zaida lose face na krna pery
My daily trading,I hope the day is a success ...
USD/CAD (Daily Trade)
Open : 1.0550
Resistance : 1.0579 1.0599 1.0629
Support : 1.0406 1.0386 1.0356
High / Low : 1.0560/ 1.0531
Range : 29 pips
Running Price : 1.0534
for intraday trade today suggest BUY at the level 1.0534, stop loss at the level 1.0406, target take profit at the level 1.0629
===GOOD LUCK===