Usd/Cad

[Gamabunta]

Achieved the US dollar versus loonie a clear breach of the level of 1.2365 and settled daily closing above it, thereby preventing intraday trading to the upside, supported by SMA 50, pending the level of 1.2560 initially test, which represents a break Confirm Restore bullish major trend and stop the downward pressure correction, which controls the key recent dealings.

[ducd3vaizo]

Daily Forecast

Major Trend: Bullish
Time Frame: H4
Reason: Market will reverse direction and towards first support at 1.2304, because the Fibonacci 261.8 can not be penetrated. and Bollinger sideway.
Recommendation: Sell

[Gamabunta]

We will continue tipping the downward trend in the coming period unless the breach of 1.2365, where this penetration will return price to the main trend upward again.

[RaKalan]

USDCAD pair conducted a test of moving average 50 which is a good resistance to the positive pair attempts, noting that the stochastic is showing negative signs that a clear time frame for four hours, which supports the continued bearish scenario effectively during the coming period, pending the visit level 1.1985 the next major target

[Gamabunta]

US dollar versus the Canadian dollar traded positively noticeable yesterday to close to re-earlier level of 1.2365 Broken test, which turns into a pivotal resistance now, where is stabilizing below important negative factor keeps the bearish scenario is based on the intraday and short term, and which reach the following objectives towards 1.1985 .

[ducd3vaizo]

Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: The target this week is the 261.8 Fibonacci at 1.2435. For inie day may come to the 1.2395 as stochastic entering overbought area almost
Recommendation: Buy

[ashraf55]

Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.daily 30 or 40 pip profit easy.support and resistance indicator on chart.

[ducd3vaizo]

Daily Forecast

Major Trend: Bullish
Time Frame: H1
Reason: Stochastic has led downwards, and predictable of Fibonacci, the target is in the second support at 1.2208 on the Fibonacci 161.8
Recommendation: Sell

[Gamabunta]

I think that there is a short-term buying opportunities as I mentioned earlier, but now, I do not see anything worth stick with it. Frankly, the market will likely continue to bounce back and forward until we get the kind of big move outside the oil markets, or large penetration of the bottom in the US Dollar Index.

[Gamabunta]

These factors encourage us to continue tipping the downward trend in the coming period, and extended target resides at 1.1985, taking into account that the continuation of the bearish trend depends on the stability below 1.2365.