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Usdcadlong

FULL ANALYSIS OF USDCAD!!!!Okay, so what kind of situation do we have here in this pair... Today USDCAD got support around at 1.37500 area. Now, prices might test 1.39000 levels before continuation to the downtrend ( As the region is broken). But it's not the right time to enter short as we have to see the market reaction at 1.39000 levels. If prices get a rejection from there then we will be taking a good short from there!!! At this time, we can take a long to 1.39000 target approx. If not taking long then wait and keep this pair on your watchlist!!! FOLLOW ME FOR MORE!!!!!
by ng_forex
USDCAD Intraday ForecastAs we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.3105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.3155. TP4: R2=1.318. Set the stoploss of these orders at breakout of S2=1.3095. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3095. In this situation, there is an expectation to reach the target S3=1.303. Set the stoploss of reverse orders at breakout of S1=1.3105. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
The USD/CAD pair continues to move upwards from the level of 1.3the pair rose from the level of 1.3371 (the level of 1.3371 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3401. Today, the first support level is seen at 1.3371 followed by 1.3322, while daily resistance 1 is seen at 1.3445. According to the previous events, the USD/CAD pair is still moving between the levels of 1.3371 and 1.3445; for that we expect a range of 74 pips (1.3445 - 1.3371). On the one-hour chart, immediate resistance is seen at 1.3445, which coincides withthe double top. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100), Therefore, if the trend is able to break out through the first resistance level of 1.3445, we should see the pair climbing towards the daily resistance at 1.3504 to test it. It would also be wise to consider where to place stop loss; this should be set below the second support of 1.3322.
Long
by forexinworld
USDCAD still bullish?USDCAD was on bullish trend from last week, but we can see a consolidation from last 2 days the question is " is this the end of shot bullish trend" so here is what i think from last few days it has been resting on weekly pivot and testing its support and below that is the fibo 50 Percent support in any chance if it breaks the pivot i might end up hitting fibo 50. fibo 50 being a strong resistance one no will act as a good support and will push the price higher to targets 1.3835, (extensive target)1.4160 in alternate scenario price breaks below fibo 50 (1.3572) lower tragets are 1.3460 , 1.3309 Happy Trading
by kr_sonu12