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Usdcad4hr

Forex Market Analysis and Trading Tips 9th Feb 2016 SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3980 and support at the level of 1.3840. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair. INDICATORS:- MACD is sustaining in its positive territory indicating the bullish trend in the pair. RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair. STRATEGY: USD/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Short
by piponomics
2
USDCAD - Weekly Forecast!Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth of USDCAD. But if the price decline to the Last Friday's support 1.43628, you can (with the little money) carefully buy with the hedging target 1.45014. We thank you for the positive feedback of our market analysis! Best refards, Powerful Traders.
Long
by POWERFUL_TRADERS
3
Short for CAD next weekPlease feel free to leave me any comment or recommendation of constructive criticism so I can improve or make commentary more clear for you to read;or if you agree or like this idea support by thumbs up. Thank you.Sam USDCAD is offering relative aggressive trade with entry at current levels based on consecutive shooting stars at resistance levels. Accompanied with negative GDP readings from last week we might see next few days in bearish tone approaching 1.22 level. I closed position from 18.5.2015 in profit and entered into short-term bearish trend I expect to develop. Traget is 1.22 where I would rejoin bullish long term view unless fundamentals change.
Short
by FX_Trader_Analyst