Thread: Usd/Cad
The trading range for today is expected among the key support at 0.9900 and resistance at 1.0150.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0070.
Recommendation : Based on the charts and explanations above, we recommend staying aside awaiting further confirmations
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Hamzagoroo (2019-03-24), zainm6050 (2019-06-09)
I would like to analyze in H1 chart of the pair. We can see that the price is above the Ichimoku Kumo Cloud and EMA 200. These confirm for the strong uptrend. Moreover, the price is approaching the Kumo Cloud. Therefore, I think the price will continue to be up.
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Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
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Spoiler:
This pair movement not far from weekly ressistance 1 & dayly pivot. Yesterday this pair up strong but in american session down until weekly ressistance 1 level.
For technical analysis today :
ma 16 as short term trend indicator= down and had been crossing ma 96 just now.
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = up
So the trend is up weak.
I predict this pair down until dayly support level 1 because 2 reason:
1.ma 16 had crossed ma 96
2.signal mrenstein oscilator in tf h1 at overbough
This is ressistance and support level today:
pivot point: 1.0024
r1: 1.0063
r2: 1.0103
r3: 1.0142
s1: 0.9984
s2: 0.9945
s3: 0.9907
Hamzagoroo (2019-03-24), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
The trading range for today is expected among the key support at 0.9900 and resistance at 1.0150.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0070.
Recommendation : Based on the charts and explanations above we recommend, buying the pair around 0.9960 targeting 1.0050 and 1.0120. Stop loss below 0.9900.
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), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
USDCAD is extremely overbought ,the pair has just approached to the significant resistance congestion area (1.0030-1.0045),the pair haven't been above this area since january 30 2012.RSI and stoch indicators show overbought in h4 ,even if loonie has managed to break this area ,a considerable pull back could happen.
What wins cool headed and ability to change as fast as the market changes
Hamzagoroo (2019-03-24), Sadi (2020-02-23), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
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USDCAD look difficult to break up level monthly ressistance 1. Look it had retraced from that level. At opening market in asian session the price was going up following long trend. level 0.9977 is first that may break if the pair going down trend.
Hamzagoroo (2019-03-24), Sadi (2020-02-21), zainm6050 (2019-06-09)
In H1 chart, the price is above the Ichimoku Kumo Cloud and EMA 200, these confirm for the uptrend. So, I think the price will retrace to the Fibonacci 38.2% level. Then, it will continue to increase with the uptrend.
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), Sadi (2020-02-21), zainm6050 (2019-06-09)
main na aj tak USD/CAD ko pehala kabi be used nahi ka ha ab main chata hoon k ya pair acha or best ha es laya main es ko used karna sa pehala es pr main thori boht training karn para ge or wo be demo account par trading karono ga es laaya main es par par kam kar raha hoon,Originally Posted by Anytime
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), Sadi (2020-02-21), zainm6050 (2019-06-09)
We can see in H4 chart. The price is in downtrend. There is a downtrend line. The price is at the trend line. In my opinion, the price will decrease strongly.
This is the chart.
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), Sadi (2020-02-21), zainm6050 (2019-06-09)
Now after breaking the short term downtrend as shown in the chart , the pair had a bullish trending up and i think it will continue in moving up with two target points @ 1.0037 (38.2%) , then @ the long term downtrend which we can ensure the pair to reverse its direction and go down when facing it , Good Luck
Last edited by khaled24; 2012-05-07 at 05:56 AM.
Hamzagoroo (2019-03-24), Sadi (2020-02-21), zainm6050 (2019-06-09)
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