Usd/Cad

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H4
Reason: Market still be heading down 261.8 Fibonacci target at 1.1796 price. That area is strong support.
Recommendation: Sell

[John202]

The US dollar lost Dollar Index fell to 96.40 levels in a state of anticipation Fed to the record is expected on Wednesday of this week, where expectations about the decisions awaited vary after economic data fell for the first quarter of this year, yesterday PMI sector service, which recorded a decline index released to 57.8 on the monthly level the outcome disappointing and unlike expectations, which had been monitoring his rise to 59.1, but the contrast has been adjusted previous reading numbers to rise from 58.6 to 59.2 monthly level of the previous day at five o'clock pm GMT Saudi Arabia will be released consumer confidence index is forecast to rising from 101.3 to 102.6 on the monthly level and it will be accompanied by the issuance of Richmond Industrial Average and is forecast to rise from 8 to 2. At the monthly level
*
Technically fell Canadian dollar pair of hi-levels of 1.2195 after failing to reach the previous summit or Khtang at 1.2305 to fail this model "bottom bilateral - Double Bottom", which we expected to be completed on the pair to four hours Frame to fall and become our bearish triangle model and already the pair was able to break the existing levels of support at 1.2102 with the pressure of the negative downtrend, we see that the pair for sale from the current levels to stop the highest levels of the previous summit loss at 1.2205 and a target at 1.2030 first, then 1.1930

[ng1985]

pair- usd/cad
time frame analysis- m15



the rsi indicator is moving out from the oversold level 30 and the price down movement is also hold at the support 1.2050 level. if the price is moved above the 1.2090 level then long with profit target at 1.2135 and stop loss at 1.2030
good luck

[Gamabunta]

Charts indicate in the case of access to reverse the main wave to frame the four hours H4 that in the event that the candle 4 hours failed to close below support (1.2046), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.2081 ) and (1.2140) to open the downward field in the future to the region (1.2006) and can close this new deal at (1.2076).

[hymoi]

daily overview for Usd-Cad
r3: 1.2273
r2: 1.2233
r1: 1.2159
s1: 1.2045
s2: 1.2005
s3: 1.1931
the pair broke the triangle to down
so our trade for the pair is sell

[John202]

For US dollar saw on Friday the results of durable goods orders, which came on the variation where requests for core durable goods decreased by 0.2% on a monthly basis other than expectations, which had been monitoring a height of 0.2%, was also amended the previous reading figures, bringing the decline rate from 0.4% to 0.6% of the monthly level of the past, contrast, durable goods orders were recorded nonessential rose by 4.0% on a monthly level better than expected much and were monitored to rise by 0.7%, was also amended the previous reading numbers to shrink decline of 1.4% rate to 1.1% of the monthly level of the past, and today at 4:45 pm GMT will be issued PMI for the service sector and the expectations index refers to a height of 58.6 to 59.1 on a monthly basis
*
Technically, after falling US dollar against his Canadian counterpart even support 1.2102 and rising levels to correct even the resistance levels of 1.2305 before returning again to the same support for the shape of our "twin bed - Double Bottom" on Frame four hours, according to this model model the entry The pair will be buying with penetrating neck existing line levels at 1.2305 resistance to target 1.2410 levels as a first target and then 1.2520 in case of impenetrable, either scenario and substitute a sales and happens in case the model has failed, and the pair closed four hours down the support 1.2102 the pair becomes a candidate for more landinga

[horfx]

US dollar against the Canadian dollar found the floor of good support at 1.2100 force the pair to provide lateral trading since last Friday, noting that the stochastic has intention rookie clearly begins to form a negative signal on the time frame of four hours, which supports the chances of resuming the downward trend is expected to intraday and short term, and that these targets are around 1.2000 -1.1955.

[Gamabunta]

Charts also indicate in the case of access to reverse the main wave to frame the four hours H4 that in the event that the candle 4 hours failed to close below support (1.2121), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.2103) and (1.2129) to open the downward field in the future to the region (1.2073) and can close this new deal at (1.2195).

[ng1985]

pair- usd/cad
time frame analysis- m15



the price is falling down side and its break the daily pivot point at 1.2154 level and moving to the lower support at 1.2100 level. the rsi indicator is showing oversold as moving level 30 so again up movement can expected. long with take profit at 1.2190 with stop loss at 1.2084
good luck

[Gamabunta]

US dollar versus the Canadian dollar floor found good support at 1.2100 force the pair to provide lateral trading since last Friday, noting that the stochastic has intention rookie clearly begins to form a negative signal on the time frame of four hours, which supports the chances of resuming the downward trend is expected the intraday and short term, and that these targets are around 1.2000 -1.1955.

Therefore, we will continue tipping downside bias in the coming sessions with support from the SMA 50, unless the breach of 1.2360 and stability above it.

Expected trading range for today between support at 1.2000 and resistance 1.2260 range