Browsing all articles in USD/CAD
Jul
8

USD/CAD D1 Technical July 08

Pair is in bullish mood. Support is around 1.0555 level. If USD/CAD manage to hold its support level and H4 candle closure above 1.0555 then par will continue its uppish trend. Pair is expected to target 1.0660 level in this week. On W1 chart 1.0660 level is a strong resistance level pair can get a strong pull back from this are. So, pair action on this level should be carefully watch. If pair get a pull back and H4 candle closure below 1.0650 level the it will provide a valid sell entry point with stop loss just located above 1.0685 and take profit at 1.0400 level.

High impact news can affect the trend of USD/CAD. News like Building Permits m/m.

Jul
5

USD/CAD D1 Technical July 05

USD/ CAD is trapped in a range of 1.0555 to 1.0450 level. Bollinger bands are not providing clear signals due to oversold of pair. Break of any level will confirm trend.

Price action on 1.0555 level should be watch. If pair manage to reached that level and H4 candle closure above 1.0555 then USD/CAD will continue its uppish trend.

But if pair fails to break its resistance level and H4 candle closer below 1.0555 level then it will show bears are incharge that will take pair towards 1.0450 level.

High impact Data’s can affect the pair. Data’s like Non-Farm Employment Change, Unemployment Rate, Employment Change, Ivey PMI.

Jul
3

USD/CAD D1 Technical July 03

Pair is trading in a range of 1.0560-1.0450 level. Price action on 1.0560 level should be carefully watch. If USD/CAD manage to break its resistance and H4 candle closure above this level then pair will continue its trend and target 1.0600-660 level respectively.

The scenario will be change. If pair didn’t manage to break its resistance and H4 candle closure below 1.0560 level then pair will start moving towards southward.

High impact News can affect the move of USD/CAD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Trade Balance.

Jul
2

USD/CAD D1 Technical July 02

USD/CAD is trading in a range of  1.0420-1.0560 level.  Bollinger band  are not providing clear signals due to oversold of pair. Price action on 1.0560 level should be carefully watch. Break through resistance will allow USD/CAD to continue its bullish trend.

On the contrary. If USD/CAD didn’t manage to break its resistance and get a pullback hen pair will dropped towards southward and target will be 1.0420 level.

Jun
27

USD/CAD D1 Technical June 27

USD/CAD get a pull back from 1.0555 level and now trading at 1.0439 level. Support is now at 1.0390 level. There can be two scenario.

First if USD/CAD manage to break through its support and H4 candle closure below support then it will allow pair to further move towards southward. Secondly, If pair manage to hold its support level then pair will continue its uppish trend and target 1.0555-600 level.

High impact Data’s of USD can affect the movement of USD/CAD. Data’s like Unemployment Claims, Pending Home Sales m/m.

Jun
26

USD/CAD D1 Technical June 26

USD/CAD is in bullish mood above 1.0390 level. Pair is testing 1.0555 level but get a pull back. Today’s support is around 1.0445 level. If pair manage to hold this level and H4 candle closure above this level then USD./CAD will continue its uppish trend and target will be 1.0555-600-650 level respectively.

But if USD/CAD didn’t manage to hold 1.0445 level and H4 candle closure below support level then it will indicate pair got bearish strength that will take USD/CAD towards 1.0390 key level.

Jun
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

High impact News can affect the move of USD/CAD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Jun
24

USD/CAD D1 Technical June 24

USD/CAD is in bullish mood. Pair manage to overcome its resistance at 1.0445 and now USD/CAD is expected to face its next weekly resistance around 1.0520 level. Price action on this level should be watch carefully. Pair can get a strong pull back from this resistance zone. If pair fails to break this level and H4 candle closure below 1.0520 level then it will indicate lack of bullish strength and pair will then start moving towards southward and target 1.0445-400 level respectively.

Jun
19

USD/CAD D1 Technical June 19

USD/CAD is in bearish mood today. Bollinger bands are also showing sell signals for the pair. USD/CAD is expected to face its support at 1.0160 level today. If Pair manage to hold its support 1.0160 level and H4 candle closure above 1.0180 then pair will start moving towards northward.

Price action on 1.0160 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below support level then pair will continue its bearish trend.

High impact Data’s can affect the move of USD/CAD. Data’s like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, BOC Gov Poloz Speaks.

Jun
18

USD/CAD D1 Technical June 18

USD/CAD is in bullish mood today. Pair manage to hold its support 1.0145 level and start moving towards northward. Now pair is expected to test its resistance at 1.0250 level. Bollinger bands are not showing clear signals yet. If pair break 1.0250 level then it will allow pair to face 1.0290 level which is acting as a strong resistance.

Price action on 1.0250 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below resistance then pair will start bearish trend.

High impact Data’s of USD can affect the pair. News like Building Permits, Core CPI m/m.