Subscribethe pair and as we can see from the chart has closed it's daily candle under the level of 0.9900 , so , that's mean the down trend is still standing and the pair is heading to 0.9850 then 0.9820
Thread: Usd/Cad
the pair and as we can see from the chart has closed it's daily candle under the level of 0.9900 , so , that's mean the down trend is still standing and the pair is heading to 0.9850 then 0.9820
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Abubakar 148 (2020-07-18), Hamzagoroo (2019-03-23), Sadi (2020-02-14), Shahnawaz148 (2019-04-29), Tilla420 (2020-08-19)
The measuring technique reveals an objective just above 10400 (width of consolidation added to the breakout level). A new high may complete 5 waves up from the low. A setback to at least 9750 would present an opportunity to get long.
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Abubakar 148 (2020-05-12), Hamzagoroo (2019-03-23), Sadi (2020-02-14), Shahnawaz148 (2019-04-29), Tilla420 (2020-08-19)
i think traders should go long positions above 0.987 with targets at 1.0015 and 1.007 in extension.
but if the price move under 0.987 look for further downside with 0.9775 and 0.9675 as targets.
good luck
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Abubakar 148 (2020-08-22), Hamzagoroo (2019-03-23), Sadi (2020-02-14), Shahnawaz148 (2019-04-29), Tilla420 (2020-08-06)
USDCAD rose on Wednesday as traders ran from anything even remotely risk related, and the CAD suffered as a result. It should be noted that we stopped at the 0.9920 level, and that since then, we are pulling back
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0307148 (2020-04-06), Abubakar 148 (2020-04-04), Hamzagoroo (2019-03-23), Sadi (2020-02-14), Tilla420 (2020-08-06)
The market is now pricing nearly two cuts in rates from the Bank of Canada by the end of the year, having anticipated hikes as recently as a few weeks ago in USD/CAD.
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Abubakar 148 (2020-04-07), Hamzagoroo (2019-03-23), Sadi (2020-01-29), Tilla420 (2020-08-06)
The 200-Day SMA comes in by the 0.9800 figure and the recent break and close back above this longer-term moving average opens the door for a more sizable shift in the overall construct of the market and a sustained move back above parity. In the interim, look for any intraday setbacks to be well supported above 0.9700.
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from the 15m chart this pair unfold as a divergence pattern at the end of the trading hours yesterday and the price turn back down a little bit......if this pair keep the bearish momentum then we can assume the wave 2 or b had completed the swing in the 4h chart
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We the trend is down and we suspect that although the 0.98 level might serve as some kind of support this pair ultimately goes down again.
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The USD/CAD broke above 0.9850 and jumped to 0.9910, new daily high. Afterwards pulled back under 0.9900 and fell finding support around 0.9860/70. Currently is quoting 0.9880, more than a hundred pips above the price it had at the beginning of the Asian session.
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The USD/CAD pair slammed into the parity level on Tuesday as traders sold off everything risk related.The Asian markets stabilized we saw the risk trade put back on n as such, the Loonie was bought back up for the USD/cad.
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