USD/CAD Analysis - page 13

New comment
 
Forex Mart is world's new trusted Forex trading partner, Forex Mart offers different partnership packages to maximize your profits and establish your presence in the industry.
Advantages:
- Unparalleled trading conditions for clients
- 5 types of Partnership
- High affiliate commissions
- User-friendly interface and extensive statistics
- Complete marketing tools
- Personal affiliate manager

Start your Forex trading experience with Forex Mart. Enjoy competitive rates, glitch-free trading platforms, and instant trade executions.
* Minimum Deposit of 1 USD / 1 EUR / 1 GBP / 1 RUB
* Clients funds are separated from our assets
* No debt
* Comprehensive educational materials
* Currencies: USD, EUR and GBP
* 24/5 Customer Support
Create a live account today.

Unparalleled Customer Support
We put much importance on your trading convenience. Our customer support is open 24 hours a day and five days a week to accommodate your Forex trading concerns and needs.
 
USD/CAD found some support at 1.2855 and bounced off of it after forming a double bottom and a spinning top candlestick on the one-hour time frame. I think its next target is likely 1.2970 - 1.2980.
 
Neutral on this pair for now.
 
The range is getting tighter on the USDCAD. At the moment, the 1.2900 is acting as support and the 1.3000 as resistance.
 
USD/CAD just broke above 1.2980. I think the move to the upside will continue and we will see it reach the resistance zone around 1.3110 - 1.3120.
 
The pair is still struggling to break above 1.3020, but unless it forms a double top here the move to the upside will continue, I think.
 
Bearish on the pair.
 
The pair bounced off 1.3095 and the last closed candlestick on the four-hour time frame is a doji, I think there will be a move to the downside towards 1.3000 - 1.2990.
 
The pair also formed a shooting star candlestick on the four-hour time frame below the resistance at 1.3095, but the pair is still consolidating sideways. Time will tell whether these signals are valid or not.
 
Bullish on the short-term.
1...67891011121314151617181920...62
New comment