Subscribei 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.
Thread: Usd/Cad
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.
Last edited by khaled el saeed; 2012-05-02 at 06:03 AM.
Hamzagoroo (2019-03-24), Sadi (2020-02-21), zainm6050 (2019-06-09)
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 .
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Hamzagoroo (2019-03-24), Sadi (2020-02-21), zainm6050 (2019-06-09)
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.
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Hamzagoroo (2019-03-24), Sadi (2020-02-21), zainm6050 (2019-06-09)
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
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Hamzagoroo (2019-03-24), Sadi (2020-02-21), Shahzada148p (2018-11-30), zainm6050 (2019-06-09)
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 45pipsOriginally Posted by hazem ahmed mohamed
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zainm6050 (2019-06-09)
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 .
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zainm6050 (2019-06-09)
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zainm6050 (2019-06-09)
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
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zainm6050 (2019-06-09)
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.
What wins cool headed and ability to change as fast as the market changes
zainm6050 (2019-06-09)
Date: 23.04.12
Timeframe : M15
RSI(14) 63.231 Buy
STOCH(9,6) 62.432 Buy
MACD(12,26) 0.001 Buy
Williams %R -31.034 Buy
Indicators : STRONG BUY
Spoiler:
Timeframe : H4
RSI(14) 67.144 Buy
STOCH(9,6) 56.521 Buy
MACD(12,26) 0.001 Buy
Williams %R -18.000 Overbought
Indicators : STRONG BUY
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.
zainm6050 (2019-06-09)
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