Thread: Usd/Cad
US dollar versus the Canadian dollar continue to fluctuate within the minor descending channel that make up the model aware of a continuing upward potential, and therefore, we are waiting for penetration resistance of this model, which resides at 1.2720 to stimulate the price on the resumption of the overall uptrend, and then open the way to achieve positive goals that begin at 1.2830 and extend to 1.3000.
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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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us dollar aur Canadian dollar ma sell bante hay is ko sell kr k stop loss 1.2830 k day aur long trade kra. but us dollar aur Canadian dollar na agr 1.2800 break kiya to is both upr jana hay
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Gave the US dollar versus loonie side yesterday to show the features of minor descending channel shown image, and we believe that this channel constitute a model learned a continuing upward reinforces expectations of continued overall upward trend, therefore, the price needs to break through the level of 1.2745 to activate the positive impact of this model, whichIt will enable the price of achieving our goals that start at 1.2830 and extend to 1.3000.
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We continue tipping upward trend in the coming period with the support of 50 EMA, with the reminder that penetrate the target level would extend gains the pair to reach 1.3000 areas, while stability above 1.2560 level represents an important condition for the continuation of the proposed bullishness.
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pair- usd/cad
time fram- m15
technical analysis-
the price is continue in the down trend side with breaking the daily support level one. the rsi indicator is showing oversold as moving level 30. if the price is moved above the 1.2700 level then long with profit target at 1.2760 with stop loss at 1.2650
good luck.
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Limited to trading the US dollar against the recent Canadian dollar inside knowledge of trigonometric bullish form appears through the secondary image, and thus, the penetration resistance of this model, which resides at 1.2760 will provide a positive incentive for good supports the resumption of the bullish primary trend, which targets registered Summit test in advance at 1.2830 initially .
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And out of the US dollar versus loonie push upward to near Our main expected at 1.2830, showing some downside bias now influenced by passively Stochastic, to test the floor of the new support formed above the level of 1.2700, noting that the 50 SMA continues to provide support for the price from below.
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pair- usd/cad
time fram- m15
technical analysis-
the down movement of the price is supported at the 1.2693 level. it is may setup double bottom chart pattern with having resistance nick line at 1.2747 level. long with stop loss at 1.2720 level and profit target at 1.2823
good luck.
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.
It showed the US dollar versus the Canadian dollar rising tendency yesterday, surpassing the barrier of 1.2600 and settled daily closing above it, to build a new base of support reinforce expectations of further rise in the coming period, and that you get continued support from the SMA 50.
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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