SubscribeThis shouldnt be too surprising as the market is overbought at this point in time, and that the 1.05 area is acting as resistance isnt overly surprising either
Thread: Usd/Cad
This shouldnt be too surprising as the market is overbought at this point in time, and that the 1.05 area is acting as resistance isnt overly surprising either
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the pair and as we can see from the chart has closed it's daily candle above the level of 1.0400 , so , that's mean the up trend is still standing and the pair is heading to 1.0450 then 1.0475
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The USD/CAD is falling for the second day in a row, retreating further after hitting on Monday at 1.0656, the highest price in 13 months
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On the downside, break of 1.0309 support is needed indicate completion of the rally from 0.9406. Otherwise, we'll stay bullish in USD/CAD.
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If a M15 close above 1.0550 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0450 sell only and do not buy. If price closes back above it again do nothing
The range 1.0500 and 1.0450 is neutral area, any trade done in between is personal decision and not part of this analysis
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I think this pair will rise more.
buy is the good decision or you can close your sell order.
uptrend still standing and very strong super signal is buy.
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If a M15 close above 1.0620 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0500 sell only and do not buy. If price closes back above it again do nothing
The range 1.0620 and 1.0500 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
as what i can see in the 1 hour shart is showing already the up trend the macd is abouve the 0 the rsi is abouve the 50
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If a M15 close above 1.0550 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0450 sell only and do not buy. If price closes back above it again do nothing
The range 1.0550 and 1.0450 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
the pair and as we can see from the chart has closed it's daily candle above the level of 1.0500 , so , that's mean the up trend is still standing and the pair is heading to 1.0570 then 1.0600
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.
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