USD CAD

[PCMAnalyst]

hi

In this section Daily analysis will be inserted.

[PCMAnalyst]

hi

In this section weekly analysis will be inserted.

[PCMAnalyst]

hi

In this section monthly analysis will be inserted.

[PCMAnalyst]

time daily

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[PCMNewsdesk]

The USD gained in the past four weeks versus the CAD and touched a two and a half year high at the Fibonacci level 100 where it rebounded. The Demarker assumes in oversold market so we might expect that the bulls will push the pair above the next hurdle.

[PCMAnalyst]

time daily

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Result:

[Samirofi]

USD CAD visits the moving average 17/07/2013



The pair bounced to the downside to fluctuate now at the EMA50 which forms a support line at 1.0350, as breaking this level represents the key to head towards the upside channel’s support at 1.0260


Now, we prefer to stop aside temporarily to monitor the price behavior according to the intraday trend keys, these levels represented by 1.0350 support and 1.0425 resistance


Expected trading range for today is between: 1.0260 support and 1.0500 resistance.

Expected trend for today: Neutral

[PCMNewsdesk]

The USD had gained versus the CAD and touched a two and a half year high at 1.0609, before dropping along a bearish Fibonacci fan to the support around 1.0329, where it rebounded. There the rate experienced demand and traversed the fan. The Stochastic assumes further recovery but the OsMA is still slightly bearish, so we might expect that the bulls will push the pair above the next hurdle, before weakening again.

[Samirofi]

USD CAD in sideways track 18/07/2013



The pair traded in sideways range yesterday between the critical levels between 1.0350 support and 1.0425 resistance, where we mentioned in our last report that we need a clear breach above one of these levels to confirm the next trend.

Therefore, our neutral attitude remains valid until now, pointing that breaking 1.0350 will lead to visit the bullish channel’s support at 1.0260, while breaching 1.0425 will open the way towards the bullish channel’s resistance at 1.0630.

Expected trading range for today is between: 1.0260 support and 1.0500 resistance.

Expected trend for today: Neutral

[PCMAnalyst]

time daily

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