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Dear aj forex me ic currency pair k news release hoi ha os k tehat abi yeh pair down ja raha ha jis ka take profit 1.2850 tak ha aur yeh ic week ic support tak jay ga jis k bad may be up jay ni to os phr down chal jay ga baqi take ur risk on ur invest yahi time ha acha profit lena ka.
as you can see on the chart the price of the USDCAD is moving on the area below the Ichimoku Cloud that have shows the blue color at the moment then it's safe to consider that we are may be going towards a long term direction of bearish and thinking about hiting the next support levels that could be located at 1.3025 qoutes.
Also whithin this direction there are bullish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves above the kijun sen line which have the red color then we can be aware about being through a week direction as the cross comes against the trend.
1.3025 In this case the support zone located near 1.3045 have a great chance to be hit just to let the main target 1.3025 got reached by the price.
http://imagizer.imageshack.com/img92.../OsNPpJ.th.gif
The last sign manifest on the 1H chart of USDCAD was a bearish one according to the brain trend indicator by having the down arrow drawn above the candles and also shows the best resistance can be located near the red line near 1.3095 In the other hand the RSI indicator have a signals that confirms with the upward trend direction as it is now stays above the level 50th on the center to end us up having a two opposite signal to choose the sell positions and then I guess that we have to wait for the short term trade till we get a confirmation from the RSI When mention the trade target I think that the support that located at the price 1.2995 is a perfectly robust and the price may found some snags when it reaches it which make it a convenient spot to exit the trade and waiting for the price action within this standard. http://funkyimg.com/i/2bXBr.gif
The prices shown on the USDCAD is moving on the area below the Ichimoku Cloud area that at the moment have a blue color for the moment to set the main long term direction to be bearish going then to the next support area which you can found at 1.3065 qoutes.
Also whithin this direction there are bearish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves below the red kijun sen line then we can be informed about being in a strong direction as the cross comes with the previous trend of the Cloud.
1.3065 Finally I think due to this situation the support line founded at 1.308 have a great chance to be hit just to let the main target 1.3065 accomplished.
http://imagizer.imageshack.com/img92.../ZJW9wt.th.gif
The last signal appears on the hour chart of the USDCAD turn to be a bullish one as we can see the brain trend indicator brings up the up arrow that drawn on the chart below the price and the last key support is set by the red line at 1.3115 In another view the RSI indicator agrees with the upward way it keeps above the 50th level which gives us a two equal signal to enter the buy orders and then it is better to enter a fast orders as soon as possible By the way the resistance which could be found at the price 1.3155 is a totally strong and the cost might be found some troubles when it reaches it which make it a proper place to disuse the trade and waiting for the Price activity within this scale. http://funkyimg.com/i/2c1gi.gif
It pushed the US dollar versus the dollar, up significantly yesterday touching 1.3150 zones, noting that the price rebound bearish appear influenced by negativity on Stochastic, which could push the price to restore previously breached neckline of a head and shoulders bottom testing, which turns into a hub Earth support now at 1.2985 , before resuming the expected short-term uptrend.
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Overall, we continue tipping upside over the coming sessions with support from the SMA 50, following Our objective is at 1.3310, while to achieve stability is required above the level of 1.2985.
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Expected trading range for today between 1.2985 support and 1.3200 resistance scale
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General tendency is expected for today: UP
Continue to pair the US dollar against the Canadian dollar to drop to near full objective of the double top pattern that shows the image, which resides at 1.2625, with reference to the 50 EMA continues to pressure trading negatively intraday and short term, reinforcing expectations of further declines in the coming sessions.
http://image.prntscr.com/image/a8c20...dfe6296ca2.png
US dollar versus canadian dollar made some positive attempts slight Yesterday influenced positively Stochastic, noting that the index has intention rookie intersects negatively now, which is a negative incentive is expected to contribute to pay the price for the resumption of the downward trend on the intraday and short term, which is located under the influence of the double top pattern already completed.
http://image.prntscr.com/image/f5baf...c6e8706fed.png
Our expectations remain for the downside list during the coming sessions with support from the SMA 50, with reminders main our goal is expected at 1.2459, while required to achieve stability below 1.2910 and 1.2985 levels.Quote:
Originally Posted by TheFxTrader