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Daily Forecast
Pair: USDCAD
Major Trend: Bullish
Time Frame: H4
Reason: It can be seen now there is the potential price marked with a bullish candle because it can not penetrate the support at 1.1948. Predicted still can go up again to 1.2019
Recommendation: Buy now
In the absence of Canadian data this week and the US data will be the primary factor in the movement of the Canadian dollar. This upward trend continues for husband unchanged though there are corrective movements, supported by the continued recovery of the US economy.
And the husband is likely to face resistance at 1.2001 (highest level on January 14 at the time), 1.2017 (highest level on 14 January). On the downward side, possibly having support at 1.1928 (lowest level on 14 January).
pair- usd/cad
time frame to analysis- m30
http://i58.tinypic.com/b3liis.jpg
the up movement of the price has been break the resistance trend line at 1.1975 level. the stoch is showing overbought so it will again down side. short with take profit at 1.1900 and stop loss at the 1.2057
good luck
Daily Forecast
Pair: USDCAD
Major Trend: Bullish
Time Frame: H4
Reason: To date, the market could not penetrate the weekly pivot at 1.1953 price, meaning prices will lead to weekly resistance 1, at the price of 1.2100
Recommendation: Buy now
pair- usd/cad
time frame to analysis- m30
http://i62.tinypic.com/iemhs6.jpg
the price is break the resistance at 1.2005 level but not able to move above 1.2035 level and falling down side. the stoch is also in the down movement side. if the price move below the 1.1945 level short with profit target at 1.1880 and stop loss at the 1.2045
good luck
Daily Forecast
Pair: USDCAD
Major Trend: Bullish
Time Frame: Daily
Reason: Yesterday, the market has penetrated the price of 1.1989, which has now become support. Chances price will still be a correction to the daily pivot level at 1.2055 or further to form a shadow in 1.1989
Recommendation: Buy Limit at 1.1989 or 1.2055
pair- usd/cad
time frame to analysis- h1
http://i60.tinypic.com/14ty447.jpg
the stoch indicator is above the level 50 and the up movement of the price is break resistance at 1.2060 level. the price is also making pull up from this support. if the price is break the support at 1.2055 level down movement can expected. hold the long entry with stop loss at 1.2000
good luck
I think that the price will continue the upside mouvement unti it reach the resistance level at 1.3005, than it will fall down.
http://i.imgur.com/iF2FmLL.png
USDCAD Analysis & Signals 21/01 15
Order ABOVE BUY
Buy at 1.2070
Take Profit at 1.2120
Stop Loss at 1.2045
I think that the buy order should be at 1.2045 and the take profit at 1.2113 because the support level at 1.2045 will make the price rise not the support level at 1.2070.Quote:
Originally Posted by mianshabbir01
http://i.imgur.com/uBTkfge.png
Spoiler: