USDCAD Trend is sell
1 Resistance :1.3562
2 Resistance :1.3421
3 Resistance :1.3363
1 Supporting :1.3284
2 Supporting :1.3225
3 Supporting :1.3147
Thread: Usd/Cad
USDCAD Trend is sell
1 Resistance :1.3562
2 Resistance :1.3421
3 Resistance :1.3363
1 Supporting :1.3284
2 Supporting :1.3225
3 Supporting :1.3147
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Strong EIA Report, BoC Boosts USD/CAD
EIA Reports Massive Supply Build
The weekly crude oil inventories cycle is complete and supplies are on the rise. Fall seasonality is in full effect, as shown by this week’s supply stats:
Event Actual Projected Previous
API Crude Oil Stocks 0.592M NA 4.450M
EIA Crude Oil Stocks 5.702M 0.494M -1.699M
Both the API and EIA figures each showed a build in supplies-on-hand but in very different ways. While the API number was technically positive, it did show an almost 4 million barrel decrease from last Tuesday. On the other hand, the EIA report came in extremely positive at 5.702 million barrels. At this point, the EIA report is winning the day ― WTI crude oil is off more than 1% per barrel and the USD/CAD is on the bull.
Bullish sentiment has been the story of the day for the USD/CAD. Rates have jumped by more than 90 pips, with most of the action following this morning’s Bank of Canada (BoC) statements and EIA Crude Oil Stocks Report.
Going into today’s FED meeting, there are a few support and resistance levels worth noting:
Resistance(1): Bollinger MP, 1.3198
Resistance(2): 62% Retracement, 1.3229
Support(1): Daily SMA, 1.3125
Although we are likely on the verge of more FED rate cuts, the USD/CAD is gaining ground. Projected fading oil demand and a dovish BoC are two primary reasons why. If the strength continues, a late-day Fibonacci short may set up.
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Ahmadali (2019-10-31), forexA (2019-10-31), Imo (2019-11-01), Iqlevel (2019-10-31), jellybelly2017 (2019-10-31), JF2019 (2019-10-31), Locky (2019-10-31), Nadeem Ahmed (2019-10-31)
Winning signals - Profit signals.
Today Target Pair - USD/CAD
Today main profit zone .
1.3224 - 1.3285 - 1.3362
Today main support zone.
1.2950 - 1.3011 - 1.3087
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Ahmadali (2019-10-31), Locky (2019-10-31), Nadeem Ahmed (2019-10-31), Version2 (2019-10-31)
USD/CAD - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
1.3120 - 1.3133 - 1.3145
Resistance 1 - Resistance 2 - Resistance 3.
1.3171 - 1.3185 - 1.3197
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.
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Ahmadali (2019-10-31), Locky (2019-10-31), Nadeem Ahmed (2019-10-31)
fundamental analysis or technical analysis ko dekhte howey or market me ajj k din ki sport or resistence ko follow karte howey market ki postion main.
market ke hisab se ap TP or SL set kr sakte hain umed krta hun ap ko mere analysis se fida ho ga or achi earning bhe ho ge ap logo ko.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Locky (2019-10-31), Nadeem Ahmed (2019-10-31)
dear all member of Indian Forum, today I will discuss about USDCAD
this pair maybe can move towards the top and continue the bullish trend
Ye pair buy ka bna huwa he I think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye
Exponential Moving Average (12) : BULL
Simple Moving Average (20) : BULL
Exponential Moving Average (27) : BULL,
Exponential Moving Average (60) : BULL.
Please avoid using big lot for your trade because this business is very dangerous.
anything can happened in forex market. good luck to your trading my friend
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Sarfrazsagar (2019-10-31)
Usd/Cad is bullish
&Resistance level 1.3131
&Resistance level 1.3145
&Resistance level 1.3159
&Supporting level 1.3027
&Supporting level 1.3035
&Supporting level 1.2973
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irmafuad (2019-10-31), JF2019 (2019-10-31), Sarfrazsagar (2019-10-31)
31st October 2019
( Pair is :-Usd/Cad)
Trend is : Sell
1>Resistance>)1.3132
2>Resistance>)1.3146
3>Resistance>)1.3158
1>Supporting>)1.3021
2>Supporting>)1.3033
3>Supporting>)1.2974
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Imo (2019-10-31), irmafuad (2019-10-31), JF2019 (2019-10-31), Sarfrazsagar (2019-10-31)
today my specific examination on market design with this pair.
market design on :SELL
moving ordinary with buy :30%
moving ordinary with SELL:70%
Logical sar on : SELL
SO if we trade buy side, by then we get shurely take advantage to pick up.
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Usd/Cad
1.3059*-0.0012**-0.09%*
Bid / Ask1.3057 / 1.3061
Day's Range1.3053 - 1.3077
52 wk Range1.3014 - 1.3664
Prev. Close1.3071
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
irmafuad (2019-10-31)
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