Technical view – USD/CAD

Technical view – USD/CAD

Technical view – USD/CAD

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC

Open	High	Low	Close	Change
0.9865	0.9886	0.9811	0.9846	-0.0024

Weekly Support and Resistance

Resistance
Support
R3	1.0180
R2	0.9950
R1	0.9890
S1	0.9820
S2	0.9760
S3	0.9700

USD/CAD ended the week with losses of 0.24%. The pair was trading in a tight 75 pip range with no indication of breaking out of the 0.9820- 0.9950 range. The trend remains bearish with crucial resistances at 0.9890 and 0.9950 while crucial supports are placed at 0.9820 and 0.9760.

Trend direction

• Short term trend- Bullish; Medium and long- term trend- Bearish

Recommendations

• Long:

  • Hold long USD/CAD positions initiated at 0.9850 with a SAR at 0.9800 for a target of 0.9890.
  • Long USD/CAD if the pair breaks 1.0100 with a stop loss at 0.9940 for a profit target of 1.0150

• Short:

  • Short USD/CAD if the pair breaks 0.9800 with a stop loss at 0.9840 for a profit target of 0.9725.

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC

Open	High	Low	Close	Change
0.9964	0.9976	0.9833	0.9870	-0.0099

Weekly Support and Resistance

Resistance
Support
R3	1.0175
R2	0.9960
R1	0.9875
S1	0.9825
S2	0.9700
S3	0.9500

USD/CAD ended the week with losses of 0.99%. The pair failed to break the 1.0000 mark for the third week in a row and could remain in the 0.9825- 0.9950 range for some more time. Only a break and close above 0.9960 or below 0.9800 will determine the direction of the trend. For now, the near- term trend remains bullish for an immediate target of 0.9960.

Trend direction

• Short term trend- Bullish; Medium and long- term trend- Bearish

Recommendations

• Long:

  • Hold long USD/CAD positions initiated at 0.9850 with a SAR at 0.9800 for a target of 0.9950.

• Short:

  • Short USD/CAD if the pair breaks 0.9800 with a stop loss at 0.9850 for a profit target of 0.9700.

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC

Open	High	Low	Close	Change
0.9929	0.9971	0.9902	0.9969	0.0039

Weekly Support and Resistance

Resistance
Support
R3	1.0150
R2	1.0060
R1	1.0020
S1	0.9960
S2	0.9925
S3	0.9850

USD/CAD closed the week in the green, higher by 0.39%. The pair failed to close below crucial near term support at 0.9925 and could head higher to break the 1.0000 mark this week. The upside target is placed at 1.0150 while supports are placed at 0.9900 and 0.9850.

FeeForexChart.com

Trend direction

• Short and medium term trend- Bullish
• Long- term trend- Bearish

Recommendations

• Long:

  • Long at 0.9925 with stop loss at 0.9875 for a profit target of 1.0010
  • Also, Long at 0.9850 with a SAR at 0.9800 (close below 0.9850) for a target of 1.0000

• Short:

  • Short, if the pair closes below 0.9850 or break of 0.9800, S/L at 0.9875, target- 0.9725

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC

Open	High	Low	Close	Change
0.9865	0.9953	0.9827	0.9930	0.0076

Weekly Support and Resistance

Resistance
Support
R3	1.0140
R2	1.0060
R1	0.9960
S1	0.9880
S2	0.9840
S3	0.9775

USD/CAD closed the week in the green, up by 0.77%. The pair has been unable to close below the crucial support at 0.9820 and has bounced off the levels on several occasions in the recent past. Although a correction towards 0.9840- 0.9880 is not ruled out, the near- term trend looks bullish.

FreeForexSignal

Trend direction

• The short, medium and long- term trend for the pair remain bearish

Recommendations

• Long:

  • Initiate long positions if the pair closes above 0.9960 or at the break of 1.0010 with a stop at 0.9940 for a profit target of 1.0125
  • Long also at 0.9850 with a stop at 0.9800 for a profit target of 1.0050

• Long:

  • –

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC

Open	High	Low	Close	Change
0.9981	0.9888	0.9821	0.9854	-0.0028

Weekly Support and Resistance

Resistance
Support
R3	0.9980
R2	0.9940
R1	0.9880
S1	0.9825
S2	0.9780
S3	0.9630

USD/CAD closed the week lower by 0.28%, its second successive weekly close in the negative. The pair has closed the last four out of five weeks in the negative territory and is currently in a bearish trend with immediate support at 0.9820, followed by 0.9780

Trend direction

• The short, medium and long- term trend for the pair remain bearish

Recommendations

• Short:

  • Short the pair at 0.9880 with a stop at 0.9910 for a profit target of 0.9790.

• Long:

  • Long positions in the currency pair should be initiated ONLY at 0.9700, which is a crucial long- term support with a stop at 0.9640 for a profit target of 0.9950.

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC

Open	High	Low	Close	Change
0.9938	0.9954	0.9872	0.9882	-0.0060

Weekly Support and Resistance

Resistance
Support
R3	1.0000
R2	0.9960
R1	0.9925
S1	0.9870
S2	0.9820
S3	0.9680

USD/CAD closed the week lower by 0.60%. The pair closed below the crucial support at 0.9910, and is currently in a near- term bearish trend with immediate support at 0.9820.

usd/cad weekly chart

Trend direction

• The medium and long- term trend for the pair also remain bearish.

Recommendations

• Long:

  • Exit long position initiated at 0.9910 with a stop at 0.9860 between 0.9890- 0.9900 and initiate fresh longs ONLY if the pair closes above 1.0000 or at the break of 1.0060, S/L at 0.9950, P/T- 1.0175.

• Short:

  • Short USD/CAD on rallies up to 1.0010.
  • Short the pair at 0.9920 with a stop at 0.9970 for a profit target of 0.9830. Short the pair also at 0.9960 with a stop at 1.0010 for a profit target of 0.9830.

Technical view – USD/CAD

SPOT USD/CAD Previous Week 0.9931 0.9961 0.9902 0.9942 (0.0015)

Supports- 0.9925 0.9825 0.9680 Resistances- 0.9945 1.0040 1.0150 View- Bullish Price range- 0.9900- 1.0150