USD/CAD

[RVD Support 8]

This Thread is made for the discussion of USDversus CAD.
You can give here forecasts, explanation about the market And Technical Analysis.

[saiansh23]

This is the best risk reward opportunity for long term trades with stop around 1.0350 and target 1.0831 which is 61.8% of the retracement target from the decline from the top to bottom And as this is the minimum target we can get upto 50% target as well at 1.10801 But only time will tell Currently we have a clear breakout of symettric triangle at 1.0400 last week and price manage to rally towards 1.0550 area before a test of 1.0450 We can expect a minor correction towards the area of 1.0400 but as long as 1.0400 and 1.0350 we can expect
a move towards 1.0831 which is the minimum target for the retracement and I will update the chart when we get there
As this is the first weekly update from my side If there are any other best risk reward opportunities then I will surely post here them all

Regards
Check the chart

[topman]

USD/CAD, H1 :
Date 2013.06.26
Time 17:00
-------------------


Pattern : ABCD Bearish.
Description : If the price can breakout 1.04843 then it would be increase to 1.05135, and at other hand if the price breakdown 1.04453 then price will decline to 1.04218 or 1.03824.

[saiansh23]

USD/CAD
A break back above 1.0510 is good for long trades But we need one last confirmation of continuation with a break
above 1.0560 for a test of 1.0650 and then continuation towards 1.0831 which is 38.2% of the whole decline from
top to bottom and then 50% at 1.10680 and It can be extended toawrds 1.1683 which is 61.8% of But I see this as
correction Check the chart
Regards

[topman]

On this pair, a trend tunnel already gave a bullish sign so lets start to make bullish plan for tomorrow trades. I expect the price will hunt 1.05608 then continue to 1.05868, stop level can be placed on 1.04852 because bearish is indicated continue after hit that barrier. For alternative trade, we can buy from the dip on 1.05868 or 1.04538.

chart :

[hafnaoui]

The pair moves in sideways range near the upside channel’s resistance, and holding below this resistance allows us to keep our intraday negative trading, waiting to test 1.0295 initially.
Carefully note that breaching above 1.0550 will provide positive motive that pushes the price to reach upside targets near 1.0660

[hafnaoui]

The pair still stuck with the sideways range that appears in the image, fluctuating near the upside channel’s resistance, while stochastic continues to provide bearish trend signals.
Therefore, we continue to suggest the intraday bearish trend, and the targets at 1.0420 followed by 1.0315, while breaching 1.0560 will stop these expectations and lead the price to turn to the upside.

[hafnaoui]

The pair continues to trade near the upside channel’s resistance, and we notice the recent trading within a potential rising wedge formation, this pattern is negative, which supports the waited negative trading.
Therefore, we keep our intraday bearish overview which targets 1.0320 area initially, while achieving it requires holding below 1.0585

[hafnaoui]

The pair continues to fluctuate around the upside channel’s resistance, while stochastic provides a positive overlapping signal that might assist to push the price for more positivity.
Now, we need to stop aside temporarily, in order to confirm the price behavior according to the critical levels between 1.0580 resistance and 1.0490 support, these levels have the keys to detect the next price trend.

[sadikmoh]

See that the pair timeframe to 4 hours walking in the semi-ascending channel support trapped between 1.04230 and 1.06066 resistance to wait even one break levels, closing and loyal reputation daily.Whether buying or selling.

[debian]

USD / CAD Pairs todays looks to continue downward trend, the current price will go to support 1 area , and shown in the picture that the price movement USD / CAD is in line with trend channel that shows the direction of down

Important points that need to be considered in analyzing the wave analysis technical at support 1 because the price has broken the support 1 line and will move to support 2

[Mic612]

Yesterday USD Cad hit 1.0610 As per Experts views it may go 1.0700 or higher nd then it will Return back to its point It has Direct relation to USD and USD gets strong it gets strong and vice versa

[lastnet]

we must follow the trend and as it going down we should sell our currency fast and make a pending order with buy on the value 1.04960

[john smith]

usd / cad combine has formed a converging triangle by the hourly chart, the higher boundary of one's triangle-and short-term bottom slope - the medium-term, primarily forward to actually break the northern border - 0437 which may open the procedure to the 0500 figure, the pivot purpose is located by the south below the 0400 figure.

[alexsandrkg]

On steam USDCAD on opening of week new updating, calculation shows have entered into a turn zone, on the hour schedule a double bottom with an inclination in to the left, the analysis so specifies all to buy, stop has put on level 1,0320 first purpose at level 1,0380 further recoil good and in a weekend level 1,0430 will follow, the previous minimum will change structure not strongly.