Usd/Cad

[khaled24]

This pair is moving down after the 4th bounce on the short downtrend line as shown in the H4 chart , if we look in the weekly chart we will see a very strong downtrend line , i'm waiting now for the pair to break the first short downtrend line then it will move up bullishly till reaching the strong downtrend and make a retest reversing its direction , it will be great chance to earn and make profit , Good Luck

H4 chart

Weekly chart

[khaled el saeed]

i think the pair will rise untill it reaches the trend , then it will go down untill the resistance level of fibonacci retracement, settling in the same level.

[gemmy]

We have a down trend there , and the pair tested it and couldn't break it so we expect down direction to this pair in next short time as also we have a resistance level at 38.2 % so we can make sell now .

[simpleforex68]

I would like to analyze the long term view of the pair. We can see in H1 chart that the price is under the Ichimoku Kumo Cloud. The MACD is under the zero line. These signals confirm for the continuing downtrend in long term view.
Here is the chart.

[khaled24]

The pair now is moving up after facing the strong support level @ 0.9806 (0.0%) , i think the pair will continue moving up till reaching the resistance level @ 0.9881 (23.6%) then it will correct its direction by moving down again , so i suggest to sell now on the short term or wait till reaching the resistance level then sell the pair . Good Luck

[kuttus]

i think USDCAD will move upward on the short term as we have a strong support level@0.9823 so i suggest buying now with tp1@23.6 % stop loss @0.9815 .

Yes my friend that's true In my 1H time frame it is showing the same it is in a resistance position it should go upward not a huge pips but we can buy it now with a target of 45pips

[hazem ahmed mohamed]

i think USDCAD will move upward on the short term as we have a strong support level@0.9823 so i suggest buying now with tp1@23.6 % stop loss @0.9815 .

[mahmoud mohamed tawfik]

after rebounding from the daily super trends line canadian dollar reached anew local minimum i keep holding two sell orders if the market stays below the 3/8 level the price will continue falling down towards the 0/8 one

[tarun2305]

USDCAD is still ranging. Traders are shorting 1.005 with stops above 1.0055 and looking to long 0.9850 with stops under 0.9815

[MFTRADER]

Very good opportunity for rang trading ,the pair is approaching to the tight congestion area between 0.9860-0.9840 .usdcad has been traded in the range area for several month,and last time it reached to 0.9840 was 01.03.2012 ,it will likely to react to this level again ,[ersonally i will monitor the price closely and look for reversal candle to enter long

as i mentioned before there was good opportunity for getting long position,now the price is moving in our favoured direction .one of the possible scenarios for the price action is ABCD pattern,and we're in CD leg now 0.9934-9 or 0.9916-20 could be support level to going long.the goal for this pattern could be 1 projection of ABC ,placed at 0.9994 near 1.0000 which is very important and psychological level.