USD/CAD

[Dmitriy Ushakov]

The pair went to South, due to the fact of FRS comments. To tell the truth, I would hold back from trading until the pair settled down.

 

[Dmitriy Ushakov]

The bears have attacked the psychological support level of 1.2002 one more time, and they broke it, but couldn't settle below it. A big demand returned the pair above 1.2010, and yesterday U.S. Dollar tested 1.2155 resistance area. But the bears increased their onslaught and the trend went back to the south.

 

[Dmitriy Ushakov]

US dollar is consolidating in the pair with Canadian dollar after its growth to resistance 1.2779. From the bottom side, fluctuations of the pair are restricted by support 1.2690. Inability to break above mentioned resistance increases risks of breaking support and in this case we shall expect decline in the direction of 1.2620. As long as the pair is traded above, chances for growth are here.

 

[Dmitriy Ushakov]

The CAD had growth yesterday, and the pair went down over 200 pips. Now it is trading at 1.2935 level at the lower border of the rising trading channel. If the pair passes the border, you should consider selling to the support levels 1,2899 and 1,2822. If the pair will rebound, it will be possible to open buy to the levels of resistance 1,3027 and 1,3104.

 

[Dmitriy Ushakov]

Currency pair USD/CAD continues to move within the ascending channel, but yesterday it was closed in the figure 32, where at the moment it is being traded, trying to pass resistance level 1.3275. So far, the pair failed to overcome this barrier, and indicators point to the possibility of a further decline and selling of the pair to support level 1.3244 and 1.3198, where you need to consider the possibility to buy.

 

[Dmitriy Ushakov]

Over recent trading session, USD/CAD pair is inactive, moving to the 32nd figure, apparently accumulating strength for serious movement. We would like to know which way the pair wants to go to? The pair continues to be traded within 1.3309 - 1.3153, and is now located in the narrow zone between resistance 1.3248 and support 1.3270 levels and support levels 1.3224 and 1.3202. Based on indicators, we shall think about Sale to the levels of support.

 

[Dmitriy Ushakov]

Analyzing the currency pair USD/CAD, we can say that we have resistance level 1.3070 and support 1.2970. Today, the pair shows signs of the downward movement . So, selling it should be preferrd to buying it. In terms of a short-term analysis, RSI tends to be bearish. Stochastic entered the overboughtness zone, so, I will sell.

 

[Dmitriy Ushakov]

From the week's support level 1.2830 the price continues a rising wave of medium-term bullish trend. Potential target of growth is present year's High - the resistance level 1.3445

 

[Dmitriy Ushakov]

Pending Buy Stop order did not work yesterday, but we still wait for the reaching the level of 1.3369. I'll put Take Profit in 20 points, and Stop Loss at 1.3310. Downward movement is not considered as the pair must first update Highs at 1.34 and 1.3450

 

[Dmitriy Ushakov]

Now the chart of the currency pair USD/CAD shows that yesterday the pair rebounded from the upper border of the descending trading channel and is traded in the 33th figure below resistance levels 1.3354 and 1.3393. Indicators point to the possibility of selling the pair today to support level 1.3303 and 1.3264.

 

[Dmitriy Ushakov]

Yesterday, the currency pair USD/CAD expanded the frames of the trading channel, having passed 207 points and updated high once again. At present, the pair is traded between the support level 1.3900 and 1.3815 and resistance levels 1.4022 and 1.4107. We open purchases above yesterday's high 1.3985. Sales only with Stop orders.

 

[Dmitriy Ushakov]

Today H1 chart of the currency pair USD/CAD clearly shows it how yesterday it had bounced up after reaching the botom of the trading channel. After this bounced, the pair hit its the channel's upper border and updated another High. At present, the pair is traded in the 42th figure and today buying to resistance levels 1.4284 and 1.4354 should be considered above yesterday's high - 1.4244. Support levels for today - 1.4174 and 1.4104.

 

[Dmitriy Ushakov]

On Tuesday the currency pair USD/CAD did back in the 40-th figure, where at the moment it is trading towards the upper boundary of the descending channel on the chart of H1. Indicators suggest that the pair should be sold to the support levels of 1,4023 and 1,3967. It is reasonable to buy the pair to the resistance levels of 1,4110 and 1,4167 if the pair is in the 41-th figure.

 

[Dmitriy Ushakov]

With the opening of the trading session, the currency pair USD/CAD has gone down and is currently trying to cross top of the channel on H1 to reach the levels of support 137.84 and 137.22. But the indicators are already in the oversoldness zone, hinting at the possibility of buying the pair . Resistance levels today are 138.74 and 139.36 - above the channel.

 

[Runo]

I think that the asset will go for breaking the bottom line after reflecting from the upper bound.

 

[Runo]

The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.

 

[Runo]

I thought the price would be more dynamic, but now it moves very inertly. I expected more.

 

[winchent13]

I think that USD/CAD asset will go down.

 

[winchent13]

I think that the asset will go for breaking the bottom line after reflecting from the upper bound.

 

[Runo]

The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.