USD CAD

[Samirofi]

USD CAD resumes the decline 15/08/2013



The pair remained stable above the broken upside channel’s support line, to keep the bearish trend valid and active, waiting for our main target at 1.0170

EMA50 supports our negative expectations which remain valid conditioned by stability above below 1.0360

Expected trading range for today is between: 1.0170 support and 1.0400 resistance.

Expected trend for today: Bearish

[PCMAnalyst]

The price is in a bullish trend and after having an inverted ab=cd pattern formed we can see a reversal in the price in weekly TF. As long as the trend line doesn't break lower, we predict a rise for it.

[Samirofi]

USD CAD below the moving average 19/08/2013



The pair remains stable below the bullish channel’s support and below the EMA50, keeping our bearish trend expectations on the intraday basis, while Stochastic positivity explains the reasons of the last sideways trading.

In general, the bearish trend remains valid waiting for testing 1.0180, pointing that breaching above 1.0380 will turn the price back to the bullish channel and then turns the intraday trading to the upside.

Expected trading range for today is between: 1.0180 support and 1.0400 resistance.

Expected trend for today: Bearish

[Samirofi]

USD CAD retests 20/08/2013



The pair provides some bullish bias to retest the previously broken bullish channel’s support which turns into resistance now at 1.0380

Holding above the mentioned level keeps the bearish trend valid on the intraday basis, and our waited targets at 1.0180, pointing that Stochastic loses its bullish momentum gradually to support the negative suggested expectations.

Expected trading range for today is between: 1.0180 support and 1.0440 resistance.

Expected trend for today: Bearish

[Samirofi]

USD CAD is stable 13/09/2013



The pair remains stable below the previously broken support line, which keeps our bearish overview valid on the intraday basis, waiting the main target at 1.0215, and stochastic still offering positive signals that might push to retest the broken support before resuming the bearish trend.


Note that the bearish bias will remain valid unless breaching above 1.0370-1.0395 levels

Expected trading range for today is between: 1.0215 support and 1.0395 resistance.

Expected trend for today: Bearish

[PCMAnalyst]

The price is inside a bearish channel in the daily TF and we can see a reversal by the formation. As long as the lower channel holds, still bullish case is expected.

[PCMAnalyst]

The price is inside a bearish channel in the daily TF and we can see a reversal by the formation. As long as the lower channel holds, still bullish case is expected.

As mentioned in the previous forecast we will be witnessing a price reversal by forming a harmonic pattern on the lower bearish channel. We expect to have it climbed to upper channel around 1.0520 if the demand just persists.

[PCMAnalyst]

The price is inside a bearish channel in the daily TF and we can see a reversal by the formation. As long as the lower channel holds, still bullish case is expected.

As mentioned in the previous forecast we will be witnessing a price reversal by forming a harmonic pattern on the lower bearish channel. We expect to have it climbed to upper channel around 1.0520 if the demand just persists.

[David-Trader]

USDCAD Analysis

USDCAD’s fall from 1.0496 extends to as low as 1.0397. Resistance is at 1.0455, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0350 area.

Key resistance is at 1.0496, only break above this level could trigger another rise towards 1.0600.

[David-Trader]

After touching 1.0496 resistance , USD/CAD pulls back from 1.0503 its consolidation of the uptrend from 1.0182 (Sep 19th Low).

Pullback the lower line of the price channel on 4hour chart .Resistance would be the 1.0503 only break this level could go another rise 1.0600 levels.

Currently the overall trend looking bullish only.