daily overview for Usd-Cad
r3: 1.2362
r2: 1.2283
r1: 1.2221
s1: 1.2080
s2: 1.2001
s3: 1.1939
the pair broke the up trend to down
so our trade for the pair is sell
daily overview for Usd-Cad
r3: 1.2362
r2: 1.2283
r1: 1.2221
s1: 1.2080
s2: 1.2001
s3: 1.1939
the pair broke the up trend to down
so our trade for the pair is sell
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.
daily overview for Usd-Cad
r3: 1.2268
r2: 1.2202
r1: 1.2139
s1: 1.2004
s2: 1.1932
s3: 1.1869
the pair broke the triangle to down
so our trade for the pair is sell
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The US dollar halted its losses after testing the lowest level in three months against its Canadian counterpart after it turned into a decline as expected. It settles near-term support at 1.2021, which is 38.2%, as the fracture without it on the basis of the daily closing level reveals the way for the 50% Fibonacci extension at 1.1933. Instead, the rebound above the level of 23.6% Fibonacci at 1.2131 opens the door to sprawl 14.6% at 1.2198
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pair- usd/cad
time frame analysis- m15
the down movement of the price is making correction from the support at 1.1951 level. the price may again down side from the resistance at 1.2055 level but hold at the daily pivot point at 1.2011 level. if this is move belwo the 1.2000 then short with profit target at 1.1955
good luck
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Technically not new for the analysis of the dollar Canadian the husband is trading in a bearish trend since late March, was the fact that the pair form a bearish triangle continuation pattern on the Frame four hours, and the pair with the breach of this triangle down at a clear reference to the power of selling on the pair, which we consider to be forecast to last until 1.1835 areas, which represent the target area for the model triangle which was broken
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US dollar versus canadian dollar conducted an attempt to break the level of 1.1985 yesterday but was unable to confirm this break so far, to show side trading around this level, noting that the stochastic loses his intention positive significantly heading towards overbought areas, thus supporting opportunities the resumption of the downward trend again.
SMA 50 continues to negatively pressure on the price for the proposed supports the bearish wave, and therefore, our expectations for the decline remain effective during the coming period, pending targeting initially 1.1725 level, while the realization of which requires stability below 1.2155.
Expected trading range for today between 1.1900 support and 1.2100 resistance range
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Main ye thread USD/CAD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.
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Charts indicate in the case of access to reverse the main wave on Frame four hours H4 that in the event that the candle 4 hours failed to close below support (1.1992), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.2016 ) and (1.2079) to open the downward field in the future to the region (1.1953) and can be closed when the new Deal (1.1997).
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Managed to pair the US dollar against the Canadian dollar to break the 1.2100 level and closed below the daily candle, to get a good negative factor supports the continuation of the downward trend in the coming period, where we wait testing 1.2000 - 1.1955 levels main station next.
Therefore, the downward trend will likely in the long and short-supported intraday moving average of 50, provided that maintains price stability below 1.2360.
Expected trading range for today between support at 1.2000 and resistance 1.2200 range
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