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USD/CAD
Date - 8 June, 2018.
Today signal - Sell
Support 3 - Support 2 - Support 1
1.2963 1.2968 1.2976
Resistance 1 - Resistance 2 - Resistance 3
1.2989 1.2994 1.3002
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
usd/cad maximum price 1.3060 and minimum 1.2910
Support Level 1 : 1.2994 Weekly R3 : 1.2960 Monthly
Support Level 2 : 1.3010 Short term R2 : 1.2944 Short term
Support Level 3 : 1.3028 Monthly R1 : 1.2922 Weekly
**************************** Trend : sell *********************************
usd/cad aj ki price men kafi down ja raha is time ke price 1.2986 aur mere analysis k hesab se ye aj ki price men kafi up level tak jaega 1.3040 is price tak aur normal price 1.3004 ye rahege aj ke
usd/cad pair 1.2870 tak aa skta hai agar cad k liye news aaj tik rhi toh, warna usd/cad meh agar 1.31 ka level break hota hai toh ye pair straight 200 pips or above movement dek skta hai , market long term uptrend meh hai or yha se dip me buy karna tik rhega , news trading ko avoid kar skte hai short term trading k liye.
The pair now is moving up after facing the strong support level @ 0.9806 (0.0%) , i think the pair will continue moving up till reaching the resistance level @ 0.9881 (23.6%) then it will correct its direction by moving down again , so i suggest to sell now on the short term or wait till reaching the resistance level then sell the pair .
The pair now is moving up after facing the strong support level @ 0.9806 (0.0%) , i think the pair will continue moving up till reaching the resistance level @ 0.9881 (23.6%) then it will correct its direction by moving down again , so i suggest to sell now on the short term or wait till reaching the resistance level then sell the pair . Good Luck
USDCAD look difficult to break up level monthly ressistance 1. Look it had retraced from that level. At opening market in asian session the price was going up following long trend. level 0.9977 is first that may break if the pair going down trend
Earlier in the forex session, Canada released several economic reports to the public. The numbers came in slightly negative for employment and housing. The result has bucked conventional wisdom, with the USD/CAD trending south on intraday time frames. Let’s take a look at the hard data and see if we can spot any reason for the positive sentiment toward the CAD.
Economic Data
Here is a quick statistical breakdown of today’s Canadian metrics:
Event Actual Projected
Housing Starts (YoY, May) 196k 218k
Net Change In Employment (May) -7.5k 17.5k
Participation Rate (May) 65.3% 65.4%
Unemployment Rate (May) 5.8% 5.8%
The North American spring season is typically a time of increased construction. Lagging Housing Starts for May is certainly a red flag, as is the negative Change In Employment number. Although the Unemployment Rate has held firm, this group of numbers is far from positive.
All the indicators are telling to buy, I think the value of this pair will increase more quickly in the afternoon according to pakistan and India timing. It may appreciate 100 pips. There is 90% chances of a big up going trend. So I think its bullish for USD/CAD pair today. I also suggest that everybody should buy.
While on the usd / cad I am more inclined to the southern option, as the pair approached and tested for strength knocked a little earlier level (who is now resistance) 9810, after which the cattle back down, I think the pair will go on the main southern trend and we will see at least 9663
Usd/Cad currency pair closed at the price of 1.2975Quote:
Originally Posted by Anytime
high price of this pair was 1.3037 in the day
low price of this pair was 1.2922 in the day
the price of this pair is rising up and it could continue in the next week and the traders should trade with buy order .
मेरे सभी सम्मान! जोड़ी के लिए अब स्थिति है - ऊपर की प्रवृत्ति जारी है, हम केवल खरीद में काम करते हैं। अंतिम उच्च 1.3036 पर था, तिमाही का स्तर 1.299 है, आधा का स्तर 1.2 9 43 है। वर्तमान में, कीमत आधा से नीचे है। यहां आप एक उत्कृष्ट खरीद शामिल कर सकते हैं। लक्ष्य निकटतम साप्ताहिक नियंत्रण क्षेत्र - 1.3041 पर है। 1.2 9 के टूटने और 1.2860 मार्च तक, और संभवतः 1.2820 तक मैं खरीदने की कोशिश करूंगा।