The USDCAD analysis

mohmed-tarek

Trader
Apr 11, 2013
46
1
22
cairo
borsaforex.com
The USDCAD completed a 50% retrace of its last major up move last week, ending the week by forming a bullish fakey pin bar combo buy signal that shows rejection of that 50% retrace level as well as a support level near 1.0820 area. If price holds above that 1.0820 – 1.0810 support this week, we could see a move higher from this fakey / pin bar buy signal and a resumption of the recent up trend. Traders could consider a ‘tweaked retrace entry‘ if price rotates down to about the 50% level of Friday’s pin bar.

4c68d8a6ca0ec75a78675ad8dd548b00_L.jpg
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
On Friday the pair closed in descending trend and it was 1.2550 level. In the end there was a slight move to resistance level 1.2585 and the pair teturned to the previous level. I expect that Monydat will start from a roll down to resistance 1.2610
USDCADM30p_5928029_16594041.png
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
There was a performance of the Canada Bank on Thursday, which had an impact on the pair dynamics. The pair has settled and tested the 1.2494 level. It will be traded in the range of 1.2455 and 1.2498 some time.
USDCADM30p_8934928_16657718.png
 

FXWatcher

Trader
Mar 29, 2015
8
0
7
Europe
www.fxwatcher.com
Short-term

Strategy: Sell rallies
Entry: 1.2665/95
Target 1: 1.2560
Target 2: 1.2530
Stop: 1.2830
Pivot: 1.2595
S/T Outlook: sideways
M/T Outlook: sideways

usdcad300315.png


We saw the suspected price development here. We met our corrective move targets of 1.2575/95 from mid 1.24's. The pair saw 1.2630 area tested and is now trading 1.2625. The way it formed this correction suggests that the current strength might yield directly into 1.2670/1.2700 area where we would look for price pressures to start developing.

Medium-term

Strategy: HOLD SHORTS TRAIL STOPS
Entry: 1.2700
Target 1: 1.2150
Target 2: 1.2085
Stop: 1.2830
Pivot: 1.2385
S/T Outlook: sideways
M/T Outlook: sideways

usdcad120315.png


We reinstate our medium term outlook*....Usd/cad looks to have touched some interesting medium term levels around 1.2700. The way price has moved up seems to give some doubts over its sustainability. We would like to see a corrective move down into the above mentioned levels without making further gains above 1.2700/1.2750.
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
This pair has a bull pressure at the week beginning. They are trying to save the lost level of 1.2385. According to my projections, they are close to the decision. If they break the 1.2370 level, the next level will be 1, .2385.
USDCADM30p_3474868_17838774.png
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
There is no any changes. It has a slight growth. There is a strong upward trend, so some correction isn’t expected to appear.
USDCADH1pn_4611941_18108655.png
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
The currency pair USD/CAD rose from the lower border of the rising trading channel 155 points yesterday, and currently it is trading between the support level 1,3005 and the resistance levels 1,3176 and 1,3240. The indicators point to the possibility of further purchases to the resistance levels, but in the area of maximum worth to consider selling.
USDCADH1pn_7242030_18378055.png
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
Today the pair continued its southern trip, being traded currently at the lower border of the rising channel. If the pair hits it, you should open sales to support level 1.3158 and 1.3109, which is shown by indicators. On bounce from the border of the channel, you can buy the pair to the resistance levels 1.3233 and 1.3282.
USDCADH1pn_7196943_18730923.png
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
For the third week, the US dollar has been losing ground against the Canadian dollar from the resistance level 1.3445. Current price decline faces a strong support level 1.2830, from which the pair is likely to bounce up.
USDCADH1pn_4042622_19186345.png
 

lenon

Banned
Sep 8, 2015
111
1
79
Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.UASCAD.jpg
 

lenon

Banned
Sep 8, 2015
111
1
79
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. I think that USD/CAD asset will go down.USDCAD.jpg
 

lenon

Banned
Sep 8, 2015
111
1
79
Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.
USDCAD.jpg