Jump to content

USD/CAD Analysis


Klimov

Recommended Posts

USD couldn't continue its growth and break 1.2375-1.2400 resistance area. So, there will be strong decline risk until this resistance strong. If bulls settle above 1.2400 level, they can test 1.2500.

http://i11.pixs.ru/storage/0/4/7/USDCADM30p_9891437_17793047.png

Link to comment
Share on other sites

  • 4 weeks later...
  • 4 weeks later...

H1 chart of the currency pair USD/CAD now clearly shows that the pair is trading in the zone between the levels of resistance 1,313 and 1,3167 and support levels 1,3035 and 1,2981 at the upper border of the descending trading channel. If the pair will return to the channel, you should consider selling to the support levels. Otherwise, it is worth buying the pair to the resistance levels and to find the entry point into the market.

http://i10.pixs.ru/storage/1/6/9/USDCADH1pn_3867371_18404169.png

Link to comment
Share on other sites

During yesterday's trading session, currency pair USD/CAD passed 153 points to the North, returning to the figure 31, which it is going through correction now and is being traded near the support level 1.3108, rebounding from the top of the trading channel. Indicators show us the possibility of selling the pair to the support level at around 1.3041. Resistance levels today - 1.3194 and 1.3261.

http://i10.pixs.ru/storage/5/6/1/USDCADH1pn_2770979_18478561.png

Link to comment
Share on other sites

  • 2 weeks later...
  • 3 weeks later...

Finally, the pair USD/CAD has left the 32nd figure, passing to the South almost 100 points. Now it is being traded at the lower border of the Trade channel in the area between resistance levels 1.3196 and 1.3233 and 1.3135 support levels and 1.3098. Selling the pair can be considered below the border of the channel, but indicators hint about purchase of the pair to resistance levels. Let's see how we can handle that.

http://i11.pixs.ru/storage/4/3/9/USDCADH1pn_3126103_18816439.png

Link to comment
Share on other sites

  • 4 weeks later...

Yesterday's trading range of the currency pair USD/CAD was 124 points (1.2955 - 1.3079), and now it had bounced from the top of the channel on H4 chart, re-entered the 29th figure. The pair has overcome the barrier - support level 1.3024 and indicators hint at the possibility of selling the pair to the support level around 1.2969. Resistance levels today - 1.3093 and 1.3148 and the pair can approach to them only having passed the upper border of the trading channel.

http://i11.pixs.ru/storage/2/0/9/USDCADH1pn_6731880_19132209.png

Link to comment
Share on other sites

  • 2 weeks later...

Growth of the currency pair USD/CAD was 121 points on H1 for yesterday's trading session. At the moment we can see that the pair is traded at the upper border of the rising channel. If the pair passes the border of the channel, it is worth buying to the resistance levels 1.3309 and 1.3351. On rebound we should sell the pair to support level 1.3230 and 1.3188.

http://www.imageup.ru/img225/2263645/usdcadh1.png

Link to comment
Share on other sites

After three days of decline, the currency pair USD/CAD closed yesterday's trading session by little, but still an increase in 51 points. But now the pair is trying to re-establish the southern movement, breaking the support level at 1.3090, and it should be considered for sale to the support level 1.3065. Resistance levels today - 1.3116 and 1.3141.

http://www.imageup.ru/img271/2268435/usdcadh1.png

Link to comment
Share on other sites

  • 1 month later...

Currency pair USD/CAD continues to update the highs having reached yesterday the upper border of the upward trading channel and bounced. At this time, the pair is moving in a southerly direction and overcome if the level of support 1.3567, and indicators point to this, then it is sold to the support level 1.3513. Resistance levels today are located at elevations 1.3638 and 1.3992 above the trading channel.

http://www.imageup.ru/img95/2298301/usdcadh1.png

Link to comment
Share on other sites

  • 1 month later...

The mark 1.4300 was conquered by the currency pair USD / CAD, which is clearly seen on H1, where the pair bounced off the top of the rising channel. Currently the pair is already below the support level 1.4249 and indicators hint at the possibility of selling the pair to the support level 1.4185, where we are to re-assess the situation. Resistance levels for today - 1.4324 and 1.4388.

http://www.imageup.ru/img157/2322593/usdcadh1.png

Link to comment
Share on other sites

  • 2 weeks later...
  • 2 weeks later...

Yesterday the currency pair USD/CAD was moving in a southerly direction, by updating the local minimum in the 36th figure. But at the moment the pair is trading in the 37th figure above support levels 1,3728 and 1,3661. Today we buy the pair above the resistance level 1,3819, and sell below the support level 1,3728.

http://www.imageup.ru/img127/2343871/usdcadh1.png

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...