Browsing all articles tagged with Building Permits m/m
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.

Jun
5

USD/CAD D1 Technical June 05

USD/CAD is showing mix trend. Pair is trading in a range of 1.0250-1.0390 level. Break of any level will clear the trend.

Pair is expected to remain bullish above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullish strength and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level. Then it will open gate towards south and pair will target then 1.0200 level.

High impact News can affect the pair. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI, Building Permits m/m.

 

May
6

USD/CAD D1 Technical May 06

USD/CAD is in bullish mood. Pair will test its resistance at 1.0130 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure above 1.0130 level then pair will further move towards north.

The scenario will be change, If USD/CAD didn’t manage to hold its support 1.0050 level and H4 closure below support level will take pair down towards 1.0000 level.

High impact News can  affect the pair. News like Ivey PMI, Building Permits m/m.

Nov
5

USDCAD/ D1 Technical November 5

Today USD/CAD has resistance at 0.9985-90 and support at 0.9920 level. Pair will face 0.9920 support level today. Break through this level will take USD/CAD to southward.
High impact News can affect the trend of pair. News like Building permits m/m and  ISM Non-Manufacturing PMI.

Aug
7

USD/CAD D1 Technical August 7

On daily chart USD/CAD is following a flag pattern in a bearish channel and has support at 0.9956, break of support will be strongly bearish, while on the upside 1.0043 is needed to be broke so that the cable will touch the upper limit of the bearish channel. Building Permits m/m, Ivey PMI, Fed Chairman Bernanke speaks later which will affect the rate of pair.