CAD

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (81.3). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....

Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too...

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.344. TP4: S2=1.341. Set the stoploss of these orders at breakout of R2=1.3515. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...

Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed...

Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5360 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...

WE HAVE TAKEN A LONG NZD CAD nice dodgi bounce in an area of interest looking for target of 92

USDCAD approached its support at 1.3342(38.2% Fibonacci retracement , horizontal pullback support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 1.3465( horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses...

USDCAD approached its support at 1.3342(38.2% Fibonacci retracement , horizontal pullback support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 1.3465( horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses...

Midterm forecast: While the price is above the support 0.9105, resumption of uptrend is expected. We make sure when the resistance at 0.9775 breaks. If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too...

As we can see in this graphic, AUDCAD has reached an overbought state. CAD is falling due most likely to Trump tweet this morning, where he tweets about the price of USOIL, affecting then the CAD. Candlesticks signals and RSI overbought and AUD Fundamentals indicate that this is a good time to sell. How to trade? SELL between: 0.9465 - 0.9480 Take profits: Close...

Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5115 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the resistance #1 at 48 and it prevented price from more gains. A peak is...

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3180 would begin in Midterm. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 1.3180 on 11/22/2018, so more gains maximum to Trend...

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.3175. TP4: S2=1.3155. Set the stoploss of these orders at breakout of R2=1.3245. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3265. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.332. TP4: R2=1.335. Set the stoploss of these orders at breakout of S2=1.3245. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

having a strong resistance at 0.95835(yellow line) + overbought condition ---> confirm a trend change go short ...

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3170 would begin in Midterm. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.3050 on 11/02/2018, so more gains to resistance(s) 1.3225 and maximum to...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.308. TP4: R2=1.3125. Set the stoploss of these orders at breakout of S2=1.2995. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2865. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.278. TP4: S2=1.276. Set the stoploss of these orders at breakout of R2=1.289. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...