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Gave the US dollar versus the Canadian dollar positive trading yesterday to being an attempt to trade above the uptrend line broken in advance, where builds support base now above SMA 50, which provides positive signals on the chances of achieving gains instantaneous this day, the start of its main goals skip barrier at 1.2600 to go towards 1.2800.
Therefore, we expect to see the price rising a mile long intraday provided stability above 1.2520, with reference to the sideways range is still in control of the trading price over the longer term, as shown in the graph above, the parties to this range is 1.2360 support and 1.2800 resistance.
Expected trading range for today is between: Support and Resistance 1.2455 1.2700
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US dollar against the Canadian dollar made a positive trading yesterday to being an attempt to trade above the uptrend line broken in advance, where builds support base now above SMA 50, which provides positive signals on the chances of achieving gains instantaneous this day, begins its main goals skip barrier at 1.2600 to move toward 1.2800.
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daily overview for Usd-Cad
r3: 1.2776
r2: 1.2667
r1: 1.2606
s1: 1.2436
s2: 1.2327
s3: 1.2266
the pair broke the triangle to up
so our trade for the pair is buy
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Stochastic intersects positively to enhance expectations to rise, with the attention that the breach of 1.2520 will push the price to test support for the sideway range at 1.2360 before any new positive attempt.
Expected trading range for today is between: Support and Resistance 1.2500 1.2700
General tendency for today: UP
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+150 pips
Very Good realized a profit on USD/CAD wait to hit limit 1.2700-1.2800 :yahoo:
Buy on Support /1.2500/ and tak profit on / 1.2700/
https://charts.mql5.com/7/509/usdcad...markets-as.png
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USDCAD today plummeted with the advent candel Morning stars are going down? with withdrawal fibo level 707 can not be penetrated. When the right to SELL
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USDCAD
April 10, 2015, 09:57
Buy on a level breakthrough of 1.2627 with 1.2776 target. Stop loss = 1.2570.
Reason for the trading strategy
Today at 12.30 GMT, the labor market statistics in the UK will be published. In March, employment is expected to decline by 0.5 thousand and the unemployment rate is expected to rise from 6.8% to 6.9%. The statistics is likely to put pressure on the Loonie.
USDCAD, H4
https://www.exness.com/media/2014/07/30/3_2.png
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For the dollar Canadian Canadian dollar saw yesterday the results of building permits, which recorded a decline of 0.9% on a monthly basis other than expectations, which were monitored to rise by 3.4% on the same level as the prior revised figures to shrink to decline to 12.3% instead of the rate 12.9% of the monthly level of the past, as was also issued for the new house price index, which rose 0.2% on the monthly level, the highest of expectations, which were monitored by a height of only 0.1% on the same level, and today at 3:15 pm GMT. The time will be issued the results of the early houses and forecast to rise from 156 000 to 175 000 to the monthly level, and at 3:30 pm will be issued very important news is the employment and unemployment data as anticipated to the general unemployment rate from 6.8% to 6.9% on monthly level as forecasts indicate that the economy recorded the loss of 500 jobs over the past month
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Technical trading, breaking resistance levels that we expected sales from her yesterday Canadian dollar pair, and if the pair closed candle four hours Almovinj the highest levels of 120 prospects to re-test the downward trend shown on the chart will be the link above with access sale with the rebound in the event of a strong sell signal appeared on the trend , but in case the return of the pair down the average movement of the closure of 120 simple, we will sell as soon as the simple average breaking movement 30
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We the trend is down and we suspect that although the 0.98 level might serve as some kind of support – this pair ultimately goes down again.
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daily overview for Usd-Cad
r3: 1.2728
r2: 1.2671
r1: 1.2623
s1: 1.2518
s2: 1.2461
s3:1.2413
the pair broke the down trend to up
so our trade for the pair is buy
Spoiler: