Swirling pair US dollar against the Canadian dollar around SMA 50, noting that the stochastic up oversold now, which supports the chances of resuming the bullish major trend, which resides next main objective at 1.3235.
Thread: Usd/Cad
Swirling pair US dollar against the Canadian dollar around SMA 50, noting that the stochastic up oversold now, which supports the chances of resuming the bullish major trend, which resides next main objective at 1.3235.
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Managed to pair the US dollar against the Canadian dollar from good to make a positive trading yesterday to close back above the 50 EMA, which supports the overall positive expectations, which begins its main objectives to test the level of 1.3235, with the reminder that the break of this level would extend the upside wave towards 1.3600.
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Fluctuating US dollar versus the Canadian dollar around SMA 50, noting that the stochastic get rid of passivity and gain positive momentum and clear on the time frame of four hours, reinforcing expectations of continued upward trend in the coming period, which begins its objectives to test the level of 1.3235.
Last edited by Gamabunta; 2015-08-18 at 04:29 PM.
oil me 6 years ka low hit hua hai aur esliye ye pair ko kaafi up ka chance mila hai,abhi oil me movement par ye pair kaafi depend hai aur commodity currency sabb weak chal raha hai esliye esme buy 1.2950 par kar sakte hai..
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Bhai usd/cad abhi haal to aisa hai ki day trading keliye short hi acha hai, lekin jo bhi apne system ke hisaab se entry milti ho bhai, waisi hi entry kare, main to bhai abhi jayda strong sell hi maan raha hoon bhai.
Sabka Malik Ek
Spammers Hate Me
The upside would be likely in the coming sessions, provided stability above 1.2950, with attention to the negativity on Stochastic may slow down the proposed current upside wave and cause some temporary lateral oscillation.
Expected trading range for today between 1.3000 support and 1.3235 resistance scale
General tendency is expected for today: UP
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USDCAD:growth against the background of falling oil prices
USDCAD
Aug. 17, 2015, 09:32
Buy on a level breakthrough of 1.3148 with 1.3212 target. Stop loss = 1.3100.
Reason for the trading strategy
Last week, the number of oil rigs in the US increased by 2 units, amounting to 672 units, with growth observed for the fourth consecutive week. The news puts pressure on the oil quotations. At a breakthrough of the level of 1.3148, opening long positions in the USD/CAD pair is worth considering
USDCAD, H4
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Trading the US dollar versus loonie Askew ****ual upward to rise above 50 SMA and closed the week's trading above it, which provides positive signals to restore the rising main direction of the new, and requires price to break through the level of 1.3115 to confirm the continuation of the bullish tendency on the intraday and short term, to begin with positive targets at 1.3235.
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Trend: Bullish. Based elliot wave, the market still will go to 1.3149 to retest that was in the second daily resistance. If the resistance is broken then the target is located at 1.3200
Recommendation: Buy
Spoiler:
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In general, the downside bias will remain likely in the coming sessions as the price was not able to overcome the level of 1.3140 and stability above it, which will bring the price to the main track rookie again.
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.
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