LiteForex_Official

USD/CAD: general review

OANDA:USDCAD   美元/加元
37 0 1
Current trend

Yesterday CAD was strengthening against US dollar             .

This happened despite the weakening of international trade data published by the Statistics Canada and the decline in Ivey's business activity index from 61.0 to 55.2 points. The fall in the pair was largely due to an unexpected increase in the US trade balance deficit; the figure came out worse than forecasted, reaching USD 53.1 billion, which indicates a decrease in demand for US exports, which could cause a reduction in trade, weakening the USD exchange rate.

Today, the pair began to grow and is now trading at around 1.2510 mark. Traders should focus on the data on construction permits in Canada (16:30 GMT+2), as well as the release of data on the change in the stock of oil             and oil             products from the EIA             in the US (18:30 GMT+2). The market is expected to be moderately volatile.

Support and resistance

On the H4 chart the instrument is trading between the upper and middle lines of Bollinger Bands . MACD histogram is in the positive area keeping a signal for the opening of long positions.

Support levels: 1.2480, 1.2450, 1.2420, 1.2400.

Resistance levels: 1.2510, 1.2525, 1.2550, 1.2575, 1.2600.

Trading tips

Buy orders may be opened from the current level with the target at 1.2560 and stop-loss at 1.2480 mark.

Short positions may be opened from the level of 1.2480 with the target at 1.2420 and stop-loss at 1.2510.

Implementation time: 1-3 days.

US Dollar             vs Canadian

Buy Sell Spread
1.25165 1.25141 24

Scenario

Timeframe Day's Range
Recommendations BUY
Entry Point 1.2506
Take Profit 1.2560
Stop Loss 1.2480
Support levels 1.2400, 1.2420, 1.2450, 1.2480, 1.2510, 1.2525, 1.2550, 1.2575, 1.2600

Alternative scenario

Recommendations SELL STOP
Entry Point 1.2480
Take Profit 1.2420
Stop Loss 1.2510
Support levels 1.2400, 1.2420, 1.2450, 1.2480, 1.2510, 1.2525, 1.2550, 1.2575, 1.2600
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出