Calculation results Pivot Today
Resistance 2 = 1.0329
Resistance 1 = 1.0280
Pivot Point = 1.0243
Support 1 = 1.0194
Support 2 = 1.0157
Calculation results Pivot Today
Resistance 2 = 1.0329
Resistance 1 = 1.0280
Pivot Point = 1.0243
Support 1 = 1.0194
Support 2 = 1.0157
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USD/CAD intraday: under pressure. BEARISH Trend
Pivot: 1.0265
Our preference: Short positions below 1.0265 with targets @ 1.02 & 1.0185 in extension.
Alternative scenario: Above 1.0265 look for further upside with 1.029 & 1.0315 as targets.
Comment: the pair is breaking below its support and should face further weakness.
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By CAD is now better bullish, the pair showed a clear retreat from the lower limit of the upward sloping bullish channel on hourly chart has formed the northern hammer followed by a strong bullish candle, I think the pair will last at least to the horizontal resistance 0280 and it is possible that even the top of the channel.
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please look at the picture that I show to sell or buy signal prediction on USDCAD currency pair, the price is so obviously wanted to approach the sell zone at 1.0235 price be prepared to put up sell when prices are up at that price and make buystop order at 1.0275 with a target price of 20 pips
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elliott elongated flat correction 1.0331 up trend is still intact in a triangle configuration it should continue to rally to 1.0281 or 1.0304 if support around 1.0256 hold after which a pullback to 1.0256 - 1.0237 zone is possible
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i think ye chart upfront ki trf move kr raha ha or time k sath sath apni direction le ga or ye 0.9692 ki trf ha
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i place pending sell order @ 1.0265
my stop loss of the day @ 1.0287
half take profit @ 1.0237
and half @ 1.0222
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Pivot levels today:
R3: 1.0399
R2: 1.0346
R1: 1.0308
PP: 1.0255
S1: 1.0216
S2: 1.0164
S3: 1.0126
Comment: Price now is below the daily pivot level, and also breaks the upword trend @ 1H time frame by one candle, this means more fall may ocuur.
Forecast: Price may fall to 1.0208, but if it breaks 1.0274, this will open the way to more rising to 1.0372.
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