USD CAD

[Samirofi]

USD CAD negotiates the support 25/07/2013



The pair remains stable above the upside channel’s support line at 1.0295 after an attempt to break it, while EMA50 forms an intraday resistance barrier at 1.0345, which makes us need a confirmed breach to one of the mentioned levels to get clearer signals for the next trend.


Expected trading range for today is between: 1.0130 support and 1.0440 resistance.

Expected trend for today: Neutral

[PCMNewsdesk]

As you can see the bears pull the pair down after they have taken control of it at the beginning of this month. Recently it has touched the bearish trend line and according to the Demarker the bulls might have taken control of the pair at the support level around 1.0246 (23.6), so a trend reversal might be expected.

[PCMAnalyst]

In daily time frame we see reciprocal ab=cd formation along with bullish trend line. we expect to have to the price rallied if a positive divergence happens.

[PCMAnalyst]

The price is moving on the bullish trend line and we can see a harmonic pattern in daily TF. By happening a positive hidden divergence we expect it to go upward in direction with the trend.

[PCMAnalyst]

The price is fluctuating in a consolidation range in Monthly TF. And we are expecting to see it going on a trend, by getting out of the range. 1.0660 and 0.9592 will be considered as a resistance and a support respectively.

[PCMAnalyst]

The prices are restricted by a channel and is fluctuating in H4 TF. As long as it is moving inside this channel, buy in low and sell in high level of the channel could be a low risk strategy. We expect a trend oriented movement by getting out of the price from this area.

[Samirofi]

USD CAD leans on the moving average 05/08/2013



The pair continued its positive trading after it found a good support base above the EMA50, supported by Stochastic, keeping the trading inside the bullish channel, which targets initially 1.0600

Note that holding above 1.0320 will keep the expected bullish trend valid and active.

Expected trading range for today is between: 1.0300 support and 1.0500 resistance.

Expected trend for today: Bullish

[Samirofi]

USD CAD draws positive pattern 08/08/2013



The pair showed positive trading yesterday, to witness signs of positive technical patter with a confirmation level at 1.0440, therefore, breaching this level will push the price to visit 1.0625

Stochastic offers negative signals that might make the mission of achieving the waited rise hard, which makes us continue with the neutrality until confirming the breaching the mentioned level of breaking below 1.0325

Expected trading range for today is between: 1.0300 support and 1.0600 resistance.

Expected trend for today: Neutral

[Samirofi]

USD CAD confirms the break 12/08/2013



The pair’s trading settled below the previously broken bullish channel’s support, confirming the continuation of the intraday bearish trend, and the target is testing 1.0165

The bearish trend remains valid and active unless breaching 1.0345 and settling above it.

Expected trading range for today is between: 1.0160 support and 1.0400 resistance.

Expected trend for today: Bearish

[Samirofi]

USD CAD is stable 13/08/2013



The pair didn’t show any strong move yesterday, to remain stable below the bullish channels’ support, which makes us keep our bearish trend expectations which its main target located at 1.0165

Stochastic current positivity might cause a retest for the broken support before resuming the bearish trend.

Expected trading range for today is between: 1.0165 support and 1.0400 resistance.


Expected trend for today: Bearish