Usdcad pair trading up levels movement with my today forecast and analysis usdcad pair trend is up :
Up Levels are : 1.3240
Normal Levels are : 1.3185
Down Levels are : 1.3103
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Usdcad pair trading up levels movement with my today forecast and analysis usdcad pair trend is up :
Up Levels are : 1.3240
Normal Levels are : 1.3185
Down Levels are : 1.3103
ye abhi 4h chat ke strong support price level par hai...ye two times .9660 ki price ko touch kr ke up direction me gay hai..we expect this time it also go in up direction..esme 0.9722 ka tp rkh sakte hai kyo ki es level ki price pr esko support hai..jo resisatnce me convert ho skta hai.
Usdcad pair kafi down levels par movement kar choka he aur mere analysis k mutabik ye aj kafi up ho sakta he
Up level ye rahega : 1.3198
Focused levels : 1.3114
Normally levels. : 1.3144
usd/cad maximum price 1.3244 and minimum 1.3104
Support Level 1 : 1.3166 Weekly R3 : 1.3122 Monthly
Support Level 2 : 1.3188 Short term R2 : 1.3102 Short term
Support Level 3 : 1.3244 Monthly R1 : 1.3088 Weekly
**************************** Trend : buy *********************************
usd/cad aj ki price men kafi down ja raha is time ke price 1.3135 aur mere analysis k hesab se ye aj ki price men kafi up level tak jaega 1.3240 is price tak aur normal price 1.3180 ye rahege aj ke
USDCAD Today Prediction
Strategy: Strong in BUY, stop loss at 1.3100, take profit at 1.3250 , 1.3280.
Resistance levels: 1.3230, 1.3260, and 1.3290.
Support levels: 1.3120, 1.3090, and 1.3060.
Usdcad pair kafi down levels par movement kar choka he aur mere analysis k mutabik ye aj kafi up ho sakta he
Up level ye rahega : 1.3266
Focused levels : 1.3128
Normally levels. : 1.3166
Current trend
USD is trading in different directions against CAD around the lows of June 15. Investors do not open new positions until the US and Canadian employment market data is published on Friday. In addition, the market is focused on the crisis in the US-China trade relations. Today, according to previously signed documents, mutual import taxes would be implied.
Thursday’s ADP Employment Change release affects USD negatively. In June, the indicator fell from 189K to 177K, which was worse than analysts' expectations (190K). At the same time, the Initial Jobless Claims number increased from 228 to 231K with a forecast of a decrease to 225K.
Support and resistance
On the daily chart, Bollinger bands are moderately reduced. The price range widens, letting "bears" renew local lows. MACD decreases, keeping a moderate sell signal (the histogram is below the signal line). Stochastic, reaching its low, is reversing upwards, reflecting that USD is oversold in the short/ultra-short term.
The appearance of corrective growth is possible at the end of the current or early next week. It is better to keep a part of current short positions in the short and medium term.
Resistance levels: 1.3158, 1.3200, 1.3250, 1.3300.
Support levels: 1.3100, 1.3065, 1.3000, 1.2961.
Trading tips
Long positions can be opened after a breakout of the level of 1.3158 or 1.3200 with the target at 1.3300 and stop loss 1.3150 or 1.3100.
Short positions can be opened after the breakdown of the level of 1.3100 with the target at 1.3000 and stop loss 1.3150–1.3160.
Implementation period: 2–3 days.
Friday has brought a myriad of challenges to currency players. Trade war hysteria has boiled over, with the USD fading against the majors. Losses against the Euro, British pound, and Australian dollar have been the highlights of the early U.S. session. Can the Greenback rally before the forex close?
Economic Data
This morning has brought several key data releases facing the USD/CAD. Here is a quick look at the hard numbers:
Event Actual Projections
U.S. Average Hourly Earnings (YoY, June) 2.7% 2.8%
Canadian Net Change In Employment(June) 31.8K 24.0K
U.S. Nonfarm Payrolls (June) 213K 195K
Canadian Unemployment (June) 6.0% 5.8%
U.S. Unemployment (June) 4.0% 3.8%
Canadian Unemployment slipped to 6.0%, while U.S. Unemployment for June also slipped to 4.0%. Neither of these numbers is positive, each underperforming expectations.
The current trend downward trend and target 0.9700 and then 0.9670 stop loss 0.9780, even if the price went to the highest point breakers 0.9780, the trend is reversed to the upside targeting 0.9807 then 0.9830
Spoiler: