Usd/Cad

Today's technical analysis of Usd/Cad is bearish.


1. Resistance Level: 1.3144
2. Resistance Level: 1.3226
3. Resistance Level: 1.3280


1. Supporting Level: 1.3010
2. Supporting Level: 1.2954
3. Supporting Level: 1.2874

Forex Forecast with price level.
USD/CAD - pair in focus.
Current Price - 1.3069
main support level - 1.3040
main resistance level - 1.3097
Pair likely to be in Sell today.

USD/CAD currency pair.
forecast Date - Wed Sep 12 2018
Today forex signal - Buy.
Support 3 - Support 2 - Support 1.
1.2876 - 1.2958 - 1.3012
Resistance 1 - Resistance 2 - Resistance 3.
1.3148 - 1.3230 - 1.3284
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.

Time Frame - 4 Hour
Currency pair - USD/CAD
Buy @ - 1.3050
Stop Loss - 1.3030
Take Profit - 1.3072
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.

USD/CAD

Resistance : R1 1.1312 R2 1.1337 R3 1.1357 R4 1.1387
Support : S1 1.1171 S2 1.1146 S3 1.1126 S4 1.1096

Open : 1.1242
High : 1.1246
Low : 1.1237
Range : 9 Pips
Running Price : 1.1244

Strategy : BUY at the level 1.1244 stop loss at the level 1.1171 target take profit at the level 1.1357 or at the level 1.1387

Usd/Cad pair trend in buying and pair now trading above 1.3000 now and pair have big chances to trade above 1.3080 and 1.3130 i recommend for buy the Usd/Cad on prices above 1.2980, 1.3010 and 1.3040 with adjustment the take profit on prices above 1.3070, 1.3100 and 1.3130 and adjust the stop loss on 1.2950 to 1.2920.

The USD/CAD reached briefly above 0.9900 in the opening hour of the European session as the greenback was supported by a negative open for equities, however a quick recovery in London has pressured the pair back down towards the prior level of 0.9875 where it lingers in wait of fresh direction

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

Usd/Cad Bearish Position Today,s


Current Rate is: 1.3011

Resistance 1: 1.3059

Resistance 2: 1.3121

Resistance 3: 1.3163

http://gulfupp.com/do.php?img=30689

Support 1: 1.2958

Support 2:1.2918

Support 3: 1.2856

In H1 chart, the price is above the Ichimoku Kumo Cloud and EMA 200, these confirm for the uptrend. So, I think the price will retrace to the Fibonacci 38.2% level. Then, it will continue to increase with the uptrend.