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Although many of the results of the variation recent US economic indicators, however, that many of the economic analyzes suggest that the US dollar is still strong and the pace of recovery is still going mild, and that we will see more of the climb against most of the world's currencies in the coming periods.
On the other hand, specifically the Canadian dollar, we find that although the Buluz statements governor of the Bank of Canada if the figures are encouraging, somewhat to the stability of the Canadian dollar, but he did not give any indication of its strength as well, and contented himself with his statement he was waiting for the reaction of the Canadian economy over its decision to cut The last interest rates. Which most analysts expect to be repeated in the fourth of March next year, which could weaken the Canadian dollar while its US counterpart.
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pair- usd/cad
time frame to analysis- m15
http://i62.tinypic.com/64m5up.jpg
the resistance trend line has been break at the 1.2420 level and price moving to the higher resistance at 1.2500 level with macd up trend signal. the stoch is moving above the over bought area 80. so correction can expected. long with stop loss at 1.2410
good luck
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The USD/CAD trading is still stuck between confirm the trend levels, which is the support 1.2380 and resistance 1.2560, which makes us continue to neutral for that price able to penetrate one mentioned levels to determine the next direction more clearly.
We point out that the above-mentioned support represents the neckline for a model tripartite summit negative, and therefore, the broken push the price to target 1.2000 and 1.1955 levels in the main, while the penetration resistance 1.2560 spur price positively to restore rookie year path that reaches the following objectives at 1.3000.
Expected trading range for today is between: Support and Resistance 1.2300 1.2550
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.2394; (P) 1.2445; (R1) 1.2490
4H
The consolidation from 1.2797 is still in progress and intraday bias remains neutral. On the downside, below 1.2351 will bring deeper pull back. But in that case, we'd expect strong support from 61.8% retracement of 1.1564 to 1.2797 at 1.2035 to contain downside and bring rebound. On the upside, sustained break of 1.2797 will confirm up trend resumption for 1.3063 key resistance next.
---------- Post added at 07:45 PM ---------- Previous post was at 06:35 PM ----------
D1
In the bigger picture, the long term rally from 0.9406 is still in progress. Such rise is seen as the third leg of the pattern from 0.9056 low and would possibly now target a test on 1.3063 resistance. Based on current momentum, the rise might extend through 61.8% retracement of 1.6196 (2002 high) to 0.9056 (2007 low) at 1.3469. On the downside, sustained trading below 55 days EMA (now at 1.2033) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish.
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The price of the pair moves starting from the wave (1.2664) It is noted that the limits of the main trend line drawn for this wave along the between-level (1.2332) and (1.2498 It is worth mentioning that the current wave goal access to the area (1.2273)
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USD CAD awaits the confirmation – Analysis - 26/02/2015
The USDCAD pair trading remains confined between the confirmation levels represented by 1.2380 support and 1.2560 resistance, which makes us remain neutral until reaching one of the mentioned levels to detect the next trend clearly.
Note that the above- mentioned support represents neckline for a negative triple top pattern, therefore, breaking it will push the USDCAD price to target 1.2000 and 1.1955 levels mainly, while breaching 1.2560 resistance will motivate the price positively to regain the main bullish trend, which its next targets reach to 1.3000.
Expected trading range for today is between: 1.2300 support and 1.2550 resistance.
Expected trend for today: Depends on the above mentioned levels
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pair- usd/cad
time frame to analysis- m15
http://i57.tinypic.com/2vd1raf.jpg
the stoch indicator is moving out from the oversold level 20 and the price may not able to move below the 1.2460 level. if its break the support then short with profit target at 1.2385 and stop loss 1.2510
good luck
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The USD/CAD rose yesterday from 1.2380 levels to 1.2535, breaking the moving average levels exponential EMA100 and momentum strong, after rising core inflation in the United States increased by 0.2% from the previous 0.0%, which increases the likelihood of success of our deal to buy the 1.24 levels, targeting 1.27 levels and stop loss near EMA200 SMA.
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forex ke trading main usdcad bhe best pair hai trading ke liye laken sab se best pair jo hai who hai eurusd yeh sab se best pair hai traidng ke liye or us ke bad phr gold or silver ke trading bhe bes thai,
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es pair ke market ko rsi signal pay focus karo or es waqt market bohat down ha yahan pay buy karo lyken pher bhe pahly signal ko watch karo gor sy
