Usd/Cad

[zahir123]

USDCAD Today Analysis

PIVOT POINT 1.3106

Support 1 1.3056

Support 2 1.3017

Support 3 1.2968


Resistance 1 1.3145

Resistance 2 1.3195

Resistance 3 1.3234

[siqidir]

UsdCad technical analysis by using : Auto pivot indicator.

resistent level 1 - 1.3219
resistent level 2 - 1.3182
resistent level 3 - 1.3148
pivot point - 1.3111
support level 1 - 1.3077
support level 2 - 1.3040
support level 3 - 1.3006

Parabolic SAR indicator there a dot below the candles that indicates a downward direction in addition to that we can see a SELL signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the lower level to perform a upward signal
on the chart of the this pair there is a main down trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bearish direction then I will go for “SELL” positions.

[Tanveer333]

Follow what I said and then compare it with your own analysis and you will know why I said that in the first place. Never mind. I am here to share my thoughts

based on multiple things. Even if I share the charts no one is going to get convinced. Also, my thoughts are just a food for thought for thinkers so that they may

protect themselves from possible adverse moves

[Asif777]

Agreed this thing is so hated right now. It is the Ugly child no one wants.

That being said I've been building a long position. Probably will regret for the rest of my life at this rate.

[Hanif484]

Hi,

Why should I follow someone who has no commitment to help others here? All you did mate was just dribble something with no image.. others here are not that way inclined to scroll back to view lots of pages and its posts, let-alone search for yours - I don't want to come across as negative. Just saying.

From a stand point, seeing your post for the "first" time, you come across like some of the others here - like they show an image and be like "look at this" as to think that everyone knows what they are referring to. LOL

So if you're going to help someone, describe what you are looking at and show where "you" feel a "demand" zone is... then we can really get some constructive views happening.

[Tanveer333]

Well, that's a darn shame... may I suggest: "Follow the Trend - Don't fight your friend".

The Daily Compression clearly shows its first phase (accumulation zone)... or if one could lean towards E.W.A, we could assume that this is the start of the extended wave, thus, bring us close to major support levels around 1.2968 (that's where I'd bet to put my money) - Weekly compression supports this as there is liquidity down there. And more importantly we're coming off a Drop Base Drop.. all that is now to see/expect is a continuation of this DBD.. before she stalls and decides if it wants to push lower, or screw some more people over and go back the other way lol

[Asif777]

Hi, If I had no commitment to help others then I won't have shared my thoughts in the first place. If that helps...

PS: The ascending channel is drawn on daily and weekly chart .. if you need that for understanding I can send that too.

[Hanif484]

I have reason to think this is going lower.

Ooops, typo... it should read 1.2880, not 1.2280...

BTW, if a pull back does happen then it will be at 1.3215 area where the RBS is - support was broken, so it will come back before dropping from there.

[Tanveer333]

There ya go, an image to back up the commentary - that's all I'm saying mate
BTW, where is your demand zone?

P.S
No offense mate, but it's not called an Ascending Channel... It's called a Bullish Compression.

Can I ask, do you know what they are? And what is to be expected from them?

Let's go! I'm putting you to the challenge

[Asif777]

Compression channel is a sideways channel.

Ascending channel is a made up word.

I know you're not here to prove anything, but hey, now we know that you don't really know what happens when these are formed. It's a shame, I was merely trying to help you... but hey, its ok to be stubborn.. enjoy those huge draw downs you get. I wanted to help you reduce them for better R:R ... oh well.