Browsing all articles tagged with USD/CAD
Jun
17

USD/CAD Technical June 17

Bollinger bands are showing sell signals for USD/CAD. Break of 1.0142 level is needed to confirm the bearish trend. If pair manage to break this level today and H4 candle closure below support level then USD/CAD will continue its bearish trend.

The scenario will be vanished, If pair manage to break 1.0234 level and H4 candle closure above it then it will show bullish strength that will take USD/CAD further up towards northward.

Jun
13

USD/CAD D1 Technical June 13

USD/CAD is showing a mix trend. Pair is trading in a range to 1.0160-1.0290 level. Break of any level will clear the trend. Bollinger bands are showing buy signals for the pair.

According to previous event, resistance is at 1.0250 level. If USD/CAD manage to break its resistance then pair will target 1.0290 level. Price action on 1.0290 level should be carefully watch. D1 and H4 candle chart are showing group of sellers in this zone. So, if pair get a pull back and H4 candle closure below 1.0290 level then it will provide a valid sell entry targeting 1.0200 level.

On the contrary, Break of 1.0290 level will provide more strength to USD/CAD and pair will then continue to move towards northward.

High impact Data’s of USD can change the scenario. Data’s like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
10

USD/CAD D1 Technical June 10

USD/CAD is under pressure now. Pair has tested 1.0160 level but get a bounce. Bollinger bands are not providing clear signals yet. Price action on 1.0160 level should be carefully watch.

If pair manage to break support level and H4 candle closure below 1.0160 level then USD/CAD will continue its bearish trend.

The scenario will be vanished. If USD/CAD manage to break through its resistance 1.0234 level and D1 closure above this level will allow pair to move upward and target 1.0290 level.

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.

 

Jun
4

USD/CAD D1 Technical June 04

USD/CAD is showing mix trend. pair is trading in a range of 1.0250-1.0420 level. Break of any level will clear the trend.

Pair is expected to be in bullish mood above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullishness in the pair 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 will open gate towards south and pair will target then 1.0200 level.

High impact Data’s can affect the move of USD/CAD. Data’s like Trade Balance.

May
31

USD/CAD D1 Technical May 31

USD/CAD manage to hold physical level 1.0300 and get a bounce. Now pair is expected to continue its bullish trend and test its resistance at 1.0390 level. If par manage to break 1.0390 level it will then target 1.0420-45 level.

Price action on 1.0445 level should be carefully watch. If USD/CAD get a pull back from this area and D1 closure below 1.0390 level then it will indicate strong bearish strength which will open gate towards south and pair will then target 1.0300-250-200 level respectively.

May
30

USD/CAD D1 Technical May 30

 

USD/CAD got a strong pull back from 1.0420 level and dropped around 100 pips. As the trend line is also broken. So, pair is expected to face its support at 1.0280 level.

Price action on this level should be carefully handle. If pair manage to break support level and give a day closure below 1.0280 level then pair will get more bearish strength that will take USD/CAD towards 1.0200 level.

But if USD/CAD hold 1.0280 level and manage to break 1.0390 level then  pair will continue its bullish trend and target 1.0445 level.

High imapct Data’s of USD can change the scenario. Data’s like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
29

USD/CAD D1 Technical May 29

USD/CAD mange to break 1.0390 level yesterday. Now pair will face its weekly resistance at 1.0445 level. W1 is showing group of sellers in this zone.  Bollinger bands are not providing clear signals due to overbought of USD/CAD.

So, it is important to watch price action on 1.0445 level. If pair get pull back from this level and H4 or D1 candle closure below 1.0390 level then it will clearly indicate bearish strength and USD/CAD will then start moving southward and first target will be 1.0300-0280 level respectively.

This scenario will be vanished. If pair manage to overcome its resistance and H4 or D1 candle chart closure above 1.0445 level. It will then indicate USD/CAD still have bullish strength which will take pair further upward.

High impact News of CAD can affect the trend of USD/CAD. News like BOC Rate Statement, Overnight Rate.

May
28

USD/CAD D1 Technical May 28

USD/CAD is in bullish mood. Pair get support around 1.0300 level and now pair will face resistance at 1.0390 level. If USD/CAD manage to break this level then pair will target 1.0420-45 level respectively.

If pair manage to reached 1.0445 level then price action should be watch. W1 is showing strong resistance at this zone. Pair can get a strong pull back from 1.0445-50 level. if pair get pull back from resistance zone and D1 or H4 candle chart closure below 1.0390 level then it will provide a valid sell entry point.

 

May
27

USD/CAD D1 Technical May 27

The resistance become support now 1.0280 level. Price action on this level should be handle carefully. If USD/CAD hold this level and H4 candle closure above 1.0280 level then pair is expected to continue its northward trend.

But if USD/CAD fails to hold 1.0280 level and H4 candle closure below support then pair will fall towards south and target 1.0200 level.