Thread: Usd/Cad
http://prntscr.com/5aldct
analysis for today 11 / 27 / 2014
USD/CAD
Resistance : R1 1.1318 R2 1.1343 R3 1.1363 R4 1.1393
Support : S1 1.1193 S2 1.1168 S3 1.1148 S4 1.1118
Open : 1.1246
High : 1.1268
Low : 1.1243
Range : 0.0025 Pips
Running Price : 1.1259
Strategy : SELL at the level 1.1259 stop loss at the level 1.1318 target take profit at the level 1.1148 or at the level 1.1118
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Spoiler:
Daily Forecast
Pair: USDCAD
Major Trend: NEUTRAL
Time Frame: Daily
Reason: Opening the market today under the weekly pivot point, which indicates the price will go to weekly support 1 at 1.1145 area. But to be some hours into the future, the possibility still sideway. While the RSI and stochastic indicators have penetrated to the bottom of the line 50. MACD recommended to sell.
Recommendation: Sell with a target of 1.1189
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On our USDCAD pair today we can see that the price is taking a downward direction and thats due to the red dots above the candles if the price kept its position lower than the strong resistance 1.1335 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 1.1157 .
On the other hand if the price penetrated the resistance at the level 1.1335 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 1.144 of the next Pivot level.
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I think that any long opportunity must be related with a breakout at the red trendline decree below.
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26.11.2014 7:07 USDCAD
The Loonie is trying to strengthen before tomorrow's OPEC meeting
Sell on level breakthrough of 1.1231 with 1.1190 and 1.1122 targets. Stop loss = 1.1280.
Reason for the trading strategy
Before tomorrow's OPEC meeting, the Canadian dollar is still attempting to strengthen against the US dollar. In addition to a possible increase in oil prices, factors such as increased inflationary pressure and a high level of retail sales in Canada support the demand for the Loonie.
USDCAD, H4
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Daily Forecast
Pair: USDCAD
Major Trend: NEUTRAL
Time Frame: Daily
Reason: It can be seen still menatul prices in the area between 1.1256 to 1.1321, to this day, because the support yesterday at 1.1256 price can not be broken, then the price will go to 1.1321 as the Weekly Resistance 1. Stochastic started leaning over while RSI is still sideways between the lines 50.
Recommendation: Buy with a target of 1.1301
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http://prntscr.com/5a861a
analysis for today 11 / 26 / 2014
USD/CAD
Resistance : R1 1.1323 R2 1.1348 R3 1.1368 R4 1.1398
Support : S1 1.1195 S2 1.1170 S3 1.1150 S4 1.1120
Open : 1.1259
High : 1.1270
Low : 1.1248
Range : 0.0022 Pips
Running Price : 1.1263
Strategy : SELL at the level 1.1263 stop loss at the level 1.1323 target take profit at the level 1.1150 or at the level 1.1120
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.
On our USDCAD pair today we can see that the price is taking a downward direction and thats due to the red dots above the candles if the price kept its position lower than the strong resistance 1.1335 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 1.1157 .
On the other hand if the price penetrated the resistance at the level 1.1335 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 1.144 of the next Pivot level.
.
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.
USD/CAD stays ran in November downtrend channel (1.1202/1.1342), while upside weights, basically because of oil-markets, increase. Due toward the evening, the Canadian retail deals and US GDP ought to provide for some bearing to USD/CAD. Markets expect change in feature retail deals in September (+0.5% m/m expected verse -0.3% last), while the US GDP is seen weaker in 3q second perused (3.3% q/q annualized versus 3.5% last). On the off chance that this is the situation, the North American information ought to help CAD-peddles however ought not harm the key specialized levels. Respectable backing is peered toward at 1.1192/1.1225 territory (Nov 21th post-CPI response low/ 50-dma) the length of the OPEC vulnerabilities continue.
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pair- usd/cad
analysis time frame- h1
the price movement in the down trend channel pattern with having resistance at 1.1318 level and the support at 1.1210 level. the price is now down side and try to break the support at pivot point 1.1271 level. hold the short entry with take stop loss at 1.1335
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.
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