Thread: Usd/Cad
If a M15 close above 1.0300 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 1.0300 and 1.0050 is neutral area, any trade done in between is personal decision and not part of this analysis
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0.8880 is strong support if price succeed to break it ,price will landing to level 0.9830 and then 0.987 ,I think price will rise to level 0.9970 and if price break it price will continue rising to level 1.000 and then 1.0040
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price has broken at moving average 50 at 4h chart.and also low price at 0,9889 is strong support for weekly chart.in my opinion it will move up to next resistance at 1,0230 and 1,0290.buy order at 1,0119
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as we can see the last week candle formed strong bearish one and could close down the up trend shown and the nearest support level located at 0.9825
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the pair has been ended it's trading today above level 0.9900 and that's will lead the movement to up trend to reach 0.9950 , so the buying is suggested with a appropriate stop loss level and targets equal 40 pips at least
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usd cad have not breaked the resistance 0.9968 where we find 15 moving in daily and he closed daily candles down the 200 ma and we will see more fall today i expect he close down the last Bottom 1.9895 good luck
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Because of the pair has failed in breaking 0.9900 and bounced from it to 0.9935 , so that's mean the up trend is expected and the pair might head to 0.9970 and then 1.0000
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Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 2.5% in the last quarter from 1.3% in the preceding quarter.
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the pair and as we can see from the chart is trading now above the level of 0.9900 , so when ever the pair success in breaking 0.9900 and close 1hour candle under it , that's mean the down trend will be assured and the pair might head to 0.9860 on continuous down movements base
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We have been looking for a daily close below that area before we can sell, and until then – we won’t. Buying cannot be done until we see some kind of supportive candle in the parity area, perhaps a hammer or bullish engulfing one.
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