CAD pair today showed very strong growth rate is also able to penetrate the sloping resistance line and went out of converging triangle, broken north side, which is a strong signal to buy, I think the purpose would be around 0345.
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CAD pair today showed very strong growth rate is also able to penetrate the sloping resistance line and went out of converging triangle, broken north side, which is a strong signal to buy, I think the purpose would be around 0345.
USDCAD moves back in bearish path. It was also below the MA100. So I think this pair will likely fall to the 1.0196 level. But if it managed to rise above the daily pivot again, it could be this pair will go up to the 1.0283 level.
As we can see in H4 chart of the pair. The price is below the Ichimoku Kumo Cloud. This mean it is in downtrend. So, I think the price will increase slightly to the Kumo Cloud and then it will decrease strongly.
http://s12.postimage.org/uzykmm9dp/UCAD.jpg
The RSI is below neutral area at 50%. Short position is preferable at 1.027 with price targets 1.018 and 1.015. If the price goes to above 1.0275 we can expect upward movement with 1.0305 and 1.035 as price targets.
The pair rushed to the U.S. dollar against the Canadian dollar up yesterday but found strong resistance of SMA 50, which forced the price down on the recoil of a new approach of pivotal support 1.0205
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The stochastic is bearish signals and provides a clear, and therefore we believe that the opportunities available to achieve a downward trend in the long weighted intraday and short, and break the 1.0205 level would be greater incentive to achieve the targets start at 1.0035 then 0.9965
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Stability below 1.0265 is necessary to keep a list of our expectations.
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Expected trading range for today is between: Support and Resistance 1.0035 1.0265
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General tendency is expected for the day: the downside
USD / CAD pair was unable to close above yesterday's candle falling trend in what makes us think more selling on the pair
http://hh7.an3m1.com/Sep/an3m1.com_3f9cd6ddbc1.png
CAD yesterday, a couple tried to get out of the descending triangle, and tried to gain a foothold above the north side of the triangle, but it failed to do the course again traded within a given figure in the breakout of support 0200 - 0145 target level.
USD/CAD
USD/CAD has been moving sidwaysit has resistence at 102500 and next level of resistence afther that will be 102709. For support we have 10200 and 101912 At this momentIs near a 0.78 fibonacci number, price is trading at the moment below yesterday low. Last time price was at that level had a good reaction i expect this level to hold.
Today Daily Pivot point for this pair is 102329
The pair had just managed to break through the lower boundary of the triangle (the level of support for 0200) which was trading last time, as the hem two Ichimoku sell signal (ching clear span of the price chart and a gold cross) in the target area 0085.
But this picture may be very interesting, a couple for a long time struggled to support level of 1.0200, and struck today, you can see here the classic figure of the head and shoulders, tapering triangle .... now waiting for the breakdown took place immediately if the price fixing will not be returned back then the potential at least 150 n down ...