SubscribeI would like to analyze in long term view of the pair. In H4 chart, we can see that the price is in uptrend. But there is a Divergence on MACD indicator. So, I think the price will retrace to the Kumo Cloud and then it will increase strongly.
Thread: Usd/Cad
I would like to analyze in long term view of the pair. In H4 chart, we can see that the price is in uptrend. But there is a Divergence on MACD indicator. So, I think the price will retrace to the Kumo Cloud and then it will increase strongly.
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Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
usd/cad currency is not likely currency.
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Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
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Spoiler:
Mrenstein signal indicator now:
tf m15: 62.22
tf m30: 52.46
tf h1: 70.79
tf h4: 40.29
tf d1: 64.87
USDCAD bounce back after hitting a weekly pivot (0.9997). The movement of this pair of indicators tracked down seen ma 96 although the price back up. When the increase this time, the price is testing a monthly resistance level (1.0014).
Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
I know about USD/CAD by reading this posting.........
Thank u all
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Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
Loonie is hovering below the key resistance we mentioned previously around 1.0050 which coincides with the 200-days SMA and failing to surpass it. Stochastic on the brick of crossing over negatively and leaving overbought area. Thus we attempt to play the range bound one more time for a possible downside move towards the 50-days SMA near 0.9900.
Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 1.0050 targeting 0.9950 and 0.9920. Stop loss above 1.0080.
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Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
Let's analyze in H1 chart of the pair. We can see the Ichimoku Kumo Cloud is bottom flat. This will attract the price to be down. Moreover, the MACD indicator is under zero line. So, I think the price will be down.
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FA148P (2018-12-02), Hamzagoroo (2019-03-24), zainm6050 (2019-06-09)
The pair touches 1.0050 resistance again, thus activating our morning scenario. Stability below this level is required for any downside move to remain possible, as steady trading above 1.0050 will invalidate it.
Recommendation : Based on the charts and explanations above, we recommend staying aside awaiting further confirmations
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.
FA148P (2018-12-02), Hamzagoroo (2019-03-24), zainm6050 (2019-06-09)
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1. Trend analysis today with sma system:
sma 16 as short term trend indicator = up
sma 96 as medium term trend indicator = sideways
sma 480 as long term trend indicator = up
So the trend is up short term.
2. Pivot,ressistance and support level this day:
p: 1.0004
r1: 1.0055
r2: 1.0104
r3: 1.0155
s1: 0.9955
s2: 0.9904
s3: 0.9855
Hamzagoroo (2019-03-24), zainm6050 (2019-06-09)
USDCAD has approached to the 1.0027-47 congestion area ,the pair has pull back from this area three times lately ,but each time came back there because of falling oil price and also commodity currency regarding global concerns.will it pull back again ???
What wins cool headed and ability to change as fast as the market changes
FA148P (2018-12-02), Hamzagoroo (2019-03-24), zainm6050 (2019-06-09)
We can see that in H4 chart, the price is in uptrend because the price is above the Ichimoku Kumo Cloud and EMA 200. So, I think it will retrace to Fibonacci 50% level and the it will continue to back to uptrend and increase strongly.
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.
Hamzagoroo (2019-03-24), zainm6050 (2019-06-09)
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