Usd/Cad

daily overview for Usd-Cad
r3: 1.2768
r2: 1.2668
r1: 1.2479
s1: 1.2190
s2: 1.2090
s3: 1.1901
the pair broke the triangle to down
so our trade for the pair is sell

USDCAD
April 16, 2015, 10:51
Sell on a level breakthrough of 1.2245 with 1.2113 target. Stop loss = 1.2320.

Reason for the trading strategy

The Bank of Canada has kept its benchmark interest rate unchanged at 0.75%. The regulator has reviewed the GDP forecast for 2015 from 2.1% to 1.9%, increasing it from 2.4% to 2.5% for to 2016. In the short term, the low oil prices will put pressure on the business activity. Meanwhile, starting from the second quarter of 2015, the GDP growth rate in Canada will ****ually increase. According to the regulator, further monetary easing will not be required.

https://www.exness.com/media/media/2015/04/16/1_1.png

pair- usd/cad
time frame to analysis- m30

http://i59.tinypic.com/1si7oj.jpg

the stoch indicator is moving out from the oversold level 20 and in the price chart its down movement making correction from the support at 1.2265 level. its having resistance with the moving average 50 at 1.2305 level that may be not break and price will again down side. hold the short entry with stop loss at 1.2345
good luck

US dollar against the Canadian dollar ended yesterday's trading below the level of 1.2360, and as we pointed out in the last technical Thdatna, this break open the way for the continuation of the bearish trend on the intraday and short term, as we believe that the road is now open to target 1.2000 - 1.1955 areas.

Main ye thread USD/CAD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

The Bank of Canada on Wednesday to keep interest rates at 0.75% unchanged.
Where the pair recorded its largest drop yesterday in the wake of the fall of 200 points yesterday, just a candle.
It also comes to the high Canadian dollar support from the rise in global oil prices, which recorded
Yesterday's strong rise in addition to the weakness of the US dollar during the same this week.
Technically: - on the daily frame and the pair finally managed to break the rectangle after accidental fluctuation for three months.
The pair was breaking his rib bottom line of support around 1.2380 support area or prices
Between 1.2380 and 1.2350 almost, now, as long as Alaglaqata candles daily minimum rectangle and support
Turned-resistance becomes a landing for a pair Muftowoh.

pair-usd/cad
time frame-h1

http://i59.tinypic.com/mbo5fs.jpg

the price is making lower to low and the macd indicator is lower to high side. the price may be up movement but as correction. long with breaking the resistance at 1.2240 level with profit target at 1.2535 and stop loss at 1.2120
good luck

Spoiler:

http://vvcap.net/db/6E-pegDk5o7aHdMMrLXz.png

Daily Forecast

Major Trend: Bearish
Time Frame: Daily
Reason: Market still be a correction, visible from the stochastic has entered the oversold area. Correction will occur at 1.2403 / 1.2333
Recommendation: Buy with a target of 1.2333

The resumption of the US dollar versus the Canadian dollar significantly negative trading yesterday to draw close of 1.2100 barrier, reinforcing expectations of continued downward trend in the coming period, which depends on the last fraction of the level of 1.2360, pending visit 1.2000 - 1.1955 levels mainly.
SMA 50 continues to pressure negatively on the price supports proposed decrease, which will remain intact and effective price below the level of 1.2360.
Expected trading range for today is between: support at 1.2100 and resistance 1.2300

daily overview for Usd-Cad
r3: 1.2480
r2: 1.2404
r1: 1.2296
s1: 1.2112
s2: 1.2036
s3: 1.1928