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February 4, 2013

Weekly forex post – USD/CAD 4th – 9th February ,2013

Posted by: FreeForexSignal.com @ 04:25 GMT Category: Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC
Open High Low Close Change
1.0055 1.0100 0.9953 0.9963 -0.0093
Weekly Support and Resistance
Resistance
Support
R3 1.0170
R2 1.0100
R1 0.9990
   
S1 0.9940
S2 0.9925
S3 0.9860

The greenback ended the week with losses of 0.92%, falling below parity after six sessions. The pair should hold on to 0.9920- 0.9940; bottom of the near- tem bullish channel. However, crucial support placed at 0.9860, close below which the trend remains highly bearish in favour of the USD. usdcad weekly

Trend direction

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

Recommendations

  • Long:
    • Long USD/CAD at 0.9930 with a stop loss at 0.9890 for a profit target of 0.9990
    • Long USD/CAD at 0.9860 with a stop loss at 0.9810 for a profit target of 0.9990
  • Short:
    • Short USD/CAD at 0.9810 with a stop loss at 0.9870 for a profit target of 0.9720
Post ID: 3754
January 28, 2013

Weekly forex post – USD/CAD 28th January – 02nd February ,2013

Posted by: FreeForexSignal.com @ 03:39 GMT Category: Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC
Open High Low Close Change
0.9918 1.0100 0.9900 1.0056 0.0140
Weekly Support and Resistance
Resistance
Support
R3 1.0225
R2 1.0160
R1 1.0130
   
S1 1.0040
S2 0.9950
S3 0.9900

USD/CAD ended the week with gains of 1.42%, extending last week’s gains and closing above parity for the first time since November last year. The pair should rally to 1.0150- 1.0225 from current levels before any meaningful correction can be seen. usdcad weekly

Trend direction

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

Recommendations

  • Long:
    • Hold on to long USD/CAD positions initiated at 1.0050 with a stop loss at 1.0010 for a profit target of 1.0150
  • Short:
    • Short USD/CAD at 1.0225 with a stop loss at 1.0275 for a profit target of 1.0150
Post ID: 3655
January 21, 2013

Weekly forex post – USD/CAD 21th – 27th January ,2013

Posted by: FreeForexSignal.com @ 01:03 GMT Category: Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

USD/CAD this week

SPOT USD/CAD Previous week OHLC
Open High Low Close Change
0.9839 0.9946 0.9828 0.9916 0.0070
Weekly Support and Resistance
Resistance
Support
R3 1.0150
R2 1.0025
R1 0.9950
   
S1 0.9850
S2 0.9750
S3 0.9700

USD/CAD ended the week with gains of 0.62%. The pair retraced a bit after grazing 0.9950, top end of the near- term bearish channel. The range remains between 0.9825- 0.9950 with the near-term trend being bearish and 0.9950 being a crucial resistance. Close above 0.9950- 1.0025, the pair could rally to 1.0150. Supports are placed at 0.9850 followed by 0.9700- 0.9750. usdcad chart weekly

Trend direction

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

Recommendations

  • Short:
    • Short USD/CAD at 0.9950 with a stop loss at 1.0010 for a profit target of 0.9850
  • Long:
    • Long USD/CAD at the break of 1.0050 with a stop loss at 0.9990 for a profit target of 1.0150
Post ID: 3576
January 14, 2013

Weekly forex post – USD/CAD 14th – 20th January ,2013

Posted by: FreeForexSignal.com @ 07:00 GMT Category: Signals,USD/CAD,Weekly Forex

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.

usdcad-chart

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.
Post ID: 3492
January 7, 2013

Weekly forex post – USD/CAD 7th – 13th January ,2013

Posted by: FreeForexSignal.com @ 05:26 GMT Category: Signals,USD/CAD,Weekly Forex

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.

usdcad weekly chart

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.
Post ID: 3407
December 31, 2012

Weekly forex post – USD/CAD 31th December, 2012 – 6th January ,2013

Posted by: FreeForexSignal.com @ 08:55 GMT Category: Signals,USD/CAD,Weekly Forex

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.

usdcad weekly

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
Post ID: 3325
December 24, 2012

Weekly forex post – USD/CAD 24th – 30th December ,2012

Posted by: FreeForexSignal.com @ 03:46 GMT Category: USD/CAD,Weekly Forex

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.

usdcad weekly chart

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:
Post ID: 3258
December 17, 2012

Weekly forex post – USD/CAD 17th – 23rd December ,2012

Posted by: FreeForexSignal.com @ 01:53 GMT Category: Signals,USD/CAD,Weekly Forex

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

usd/cad weekly

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.
Post ID: 3152
December 10, 2012

Weekly forex post – USD/CAD 10th – 16th December ,2012

Posted by: FreeForexSignal.com @ 06:18 GMT Category: Signals,USD/CAD,Weekly Forex

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

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.
Post ID: 3037
December 3, 2012

Weekly forex post – USD/CAD 3rd – 9th December ,2012

Posted by: FreeForexSignal.com @ 04:20 GMT Category: Forex Market News,Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

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

udscad weekly chart

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

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Post ID: 2839
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