Usd/Cad

[nurdiantofxwave]

Now price is following movement of hma 32 and 192 that move down in red colour. Price shown not able to up after falling down since yesterday. the subsequent decline, this pair will try to pass weekly pivot (1.0145) before going down again. But in tvi indicator shown trend is going up but weak so price may retrace up weak before down again.

[ashaab]

The pair rebounded slightly this morning; trading within a relatively narrow range. We still anticipate a retest of areas around the 38.2% Fibonacci correction before resuming the bullish direction, thus our morning scenario remains valid for the rest of the day.



Recommendation : Based on the charts and explanations above, we recommend buying the pair around 1.0125 targeting 1.0225 and 1.0320. Stop loss below 1.0050.

[LOVE_20]

look up the signal reversal, of course we must be careful, if this reversal will occur, or just a correction. Trend is still bullish, but it could have been reversed.

hi and how are you ? Did you think from the chart the usdcad will go dwon and arrive and how much point it will make and how to invest start from which price and tahnsk for you

[md satu]

price will go upto 0.9715 & then bounce back is possible as trend line is there , in h4 it formed head ans shoulder puttern thats why it faling 0.9855 level

[ashaab]

The pair maintained the bullish breakout and continued the expected bullish move. Price is currently testing the 50% Fibonacci correction level for the whole previous bearish trend as shown on image, which if broken upside targets may extend towards 1.0320 swing high and the 61.8% level. Meanwhile, stochastic has gone deep into overbought area; thus prefer to remain neutral this morning and monitor price action at this level.



Recommendation : Based on the charts and explanations above, we recommend staying aside awaiting further confirmations

[simpleforex68]

We can see in Daily chart of the pair. There is a down channel. This is a long term down channel. So, I think the price will be down and the target is the lower channel line.

[simpleforex68]

In H4 chart, the price has a long increase from about 0.9797. But I think the price will retrace to the Fibonacci 38.2% at the Kumo Cloud and then it will come back to uptrend and increase strongly.

[mahmoud mohamed tawfik]

canadian dollar also continues growing up at the moment the price is forming the ascending pattern at the M30 chart the target of the growing is the area 1.0150 one can consider buying the pair after the price falls down and reaches the area of 1.0060 if the pair breaks the ascending channels lower border and falls down lower than 1.0020 this scenario will be cancelled

[ashaab]

The pair maintained the bullish bias after settling above 1.0050 key support area and the 200-days SMA to test levels around 1.0130; thus this could be the start of a sustained bullish trend. However, Stochastic is clearly overbought now, and we may see a pullback towards the breached resistance area which should form a strong support before resuming the expected bullish direction.



Recommendation : Based on the charts and explanations above, we recommend buying the pair above 1.0050 targeting 1.0120 and 1.0200. Stop loss below 0.9950

[ashaab]

The pair managed to surpass the key resistance at 1.0050 thus invalidating any short term pullback scenario. The break above 1.0050 and the 200-days SMA clears the way now towards further upside within the upcoming period. Stochastic skyrocketed deep into overbought area, thus a pullback to retest the breached resistance which should act as a strong support now around 1.0050 shall provide another opportunity to the upside.



Recommendation : Based on the charts and explanations above, we recommend buying the pair above 1.0050 targeting 1.0120 and 1.0200. Stop loss below 0.9950