Thread: Usd/Cad
If a M15 close above 1.0200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0050 sell only and do not buy. If price closes back above it again do nothing
The range 1.0200 and 1.0050 is neutral area, any trade done in between is personal decision and not part of this analysis
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USDCAD intraday is consolidation, The RSI calles for drop.
The downtrend movement targeting the level of 1.0085 and than 1.005 .
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USDCAD intraday key ST resistance at 1.0225, The RSI is struck against a major resistance
around 70% and is reversing down .
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Fibo level 23.6 has been broked + resistance has been broked@ 1.0132 so
up movements till the next fibo levels will be expected .
Good Luck
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.0200 , so , that's mean the down trend is still standing and the pair is heading to 1.0125 then 1.0100
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as we can see from the chart , the pair has succeeded in breaking 1.0200 and reached 1.0250 , so that's mean the up trend is still standing and the pair might head to 1.0275 and the 1.0300
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we can see that the pair has closed it's weekly candle above 1.0200 . so , that's means that up trend is expected and the pair might head to 1.0250 and then 1.0280 ,but also the hourly correction is expected before continue in the up trend
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as we can see on the chart , the pair is trading under the level of 1.0200 , any way if the pair succeeded in breaking 1.0200 , it will continue in it's up movements heading to 1.0230 and then 1.0265
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as we can see the last week candle of this pair was strong bearish one. and i think the pair heading to retest the strong support level at 0.99100
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as we can notice from the chart , the pair has stated it's trading week under the level of 1.0100 and that's mean that the down trend is expected for this week and the pair might head to 1.0050 and then 1.0000
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