Thread: Usd/Cad
pair- usd/cad
time frame-h1
technical analysis-
the price is moving in the down trend channel pattern with having support at the 1.3155 level and moving up to the channel resistance at 1.3315 level. the price may again down to continue its pattern. take short entry at 1.3300 level with profit target at 1.3160 and stop loss at 1.3375
good luck
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USD/CAD is hafte bearish trend mai raha aur 200-250 pips neeche aya. Abhe hume lagta ha k recovery hogi itna girne k baad magar filhaal sell karna acha hoga 1.3335 level se aur target hoga 1.3060 magar agar ya level cross kar jata ha to phir 1.3450 agla level hoga.
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TimeFrame -1h
The pair is still in a bearish trend and is targeting the 1.3150 in a short and medium term after the pair broke the support level at 1.3234 .if the pair stays down 1.3234 and close under ,this will confirm the bearish trend for the upcoming days .targeting 1.3000 .
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the basic technical analysis leads to show a downward direction thanks for the drawn channel on the hour chart frame of the USDCAD while the cost is close to the upper edge of the channel it should be taken as a reasonable sell requisitions targeting the enclosed area of 1.3225 close to that StepMA meter keeps display a marker on the short run which fosters the significance of making a short entry for the entire day. Also The set of stochastics seems to suggest an oversold by getting the most lines goes towards the low area at the value of 20 which can be an indication of a shortcoming of the downward tendency or a beginning of a newer upward course to build up off the day.
[img=http://imagizer.imageshack.com/img923/888/gUNJ7J.gif]
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the first location of the price for USDCAD now was above the base turn pivot price of 1.3325 that implies the probability of upward direction through today. Also as the moving crosses tells the MA20 which is the fast moving currently have a location below the slow moving 48 MA to indicate about being in bearish direction that may remain for a serious long time. and also a non neglectable signal is set as the price keeps moving below the line of the trend magic indicator to gaves a bigger chance of the downward trend on the current time. working with this investigation it can revealed the market is at upward direction and shouldnt break the support position at 1.3252 and we can also find the target near the location of 1.3421 following by 1.3485 for intraday buy orders
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.
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.
The USDCAD pair is "eyeing" the 1.3150 level
USDCAD
March 10, 2016, 09:39
Sell on a level breakthrough of 1.3227 with 1.3150 target. Stop loss = 1.3277.
Reason for the trading strategy
The oil prices have responded positively to the publication of statistics on the US oil and petrochemical stocks last week. According to the US Department of Energy, oil inventories rose by 3.88 million barrels, but gasoline stocks fell by 4.526 million, and the distillate inventories declined by 1.119 million barrels. As expected, the Bank of Canada has maintained its benchmark interest rate unchanged at 0.5%. The news support the Loonie.
USDCAD, H1
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Time frame -1H
Yesterday the pair traded with a positive way , hoping to reach the first target at 1.3525 .But this last hour the pair started a bearish movement after the BoC rate . 1.3350 was an area of support which will lead to more bearish movement if it comes to break and stays below 1.3234 level.
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pair- usd/cad
time frame-h1
technical analysis-
the price is setup 123 chart pattern. up movement is rejecting with fibo resistance level 76.4 at the price 1.3450 level and turning down side. this movement may be break the lower support at 1.3255 level. short with stop loss above the point three 1.3455 level.
good luck
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i think USDCAD will go up to reach the level 0.9888
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.
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