USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.348. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.343. TP4: S2=1.3395. Set the stoploss of these orders at breakout of R2=1.349. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.349. In this situation, there is an expectation to reach the target R3=1.3555. Set the stoploss of reverse orders at breakout of R1=1.348. 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!Shortby ForecastCity_EU116
By looking at resistance and support levels market will bearish Market will BEARISH till S1 which can also taken as TP and S2 can be taken as T2. Currently market touches resistance R1 and R2 also so now market will fall. Longby AnmolDey0
USDCADLooking for a long Usdcad Watching for a positive reaction candle close on 15m / 30m chart. Rejection from killzone. (61.8 Fib) Trend line Good luck traders. Regards Longby Gbambam0
USDCAD Intraday ForecastAs 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 R2=1.3515. In this situation, there is an expectation to reach the target R3=1.3585. Set the stoploss of reverse orders at breakout of R1=1.35. 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!Shortby ForecastCity_EU5
Support Bounce for USDFX:USDCAD Gain in Momentum R:R > 2.5 Max Risk - 2% of capital Longby wayofstocksUpdated 1
USD/CAD Technical analysisThe resistance of 1.33914 seems invincible for the bulls, holding it down for a month. The pair has now formed a double top pattern at the resistance and broke the critical support of 1.33668 too. The breakout of the support also yielded a follow through in the RSI indicator, which also formed a double top pattern. Now, the pair is being resisted by the broken support. Hence, we expect the pair to move to the support at 1.33370. Shortby traderpulse0
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. Longby forexinworldUpdated 1
USDCAD - 04/04/2019 - Daily Forecast - Elliott Wave AnalysisUSDCAD - 04/04/2019 - Daily Forecast - Elliott Wave AnalysisLongby ShardaFX0