pepy Posted December 22, 2015 Share Posted December 22, 2015 Once again USDCAD failed to pass resistance level at 1.39962 on H1 chart and there is big possibility the price of this pair still trying to make a reversal. But it is best to keep ware that if the price break resistance level, there is a chance for strong bullish trend. Quote Link to comment Share on other sites More sharing options...
Prissila Posted January 20, 2016 Share Posted January 20, 2016 USD/CAD Trading Recommedations for January 20, 2016 A valid sell entry can be offered around 1.4650 (141.4% Fibonacci expansion). S/L should be located above 1.4700. Initial T/P levels should be located at 1.4550, 1.4300, and 1.4150. On the other hand, conservative traders should wait for a bearish engulfing candlestick closure below the level of 1.4100 (Fibonacci Expansion 100%) to sell the USD/CAD pair. S/L should be located above 1.4150. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 27, 2016 Author Share Posted January 27, 2016 The price seems falling down like many people expected before and the price is closed below 1.41652. This position affirmed that the decline will continue with the nearest target now at the support level 1.3996 and it is supported by the Stochastic which indicates a bullish signal that is strong enough and also breakout in MA25. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 4, 2016 Author Share Posted February 4, 2016 USDCAD as spotted on H1 chart fell sharply yesterday, but the movement was restrained by MA100 once more and it seems trying to make some comeback. Stochastic also been oversold indicated that it may lead to price saturation and if the price is not able to pass MA100, then there is a chance for the pair to rebound. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 26, 2016 Author Share Posted February 26, 2016 USDCAD on H1 chart, tend to falling down the price is below pivot and has potential to fall deeper up to support at 1.36836 which is the resistance to fall at deeper level. The potential is bearish supported by MA100 and MA20 crossover but it may not for long, because Stochastic is moving near oversold zone, and CCI is rising. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 29, 2016 Author Share Posted February 29, 2016 USDCAD's bearish movement seems hampered by early sentiment of USD. This pair also corrected make it worse for CAD, but potentially the bearish potential still open. So the price still able to continue its downtrend. So far no fundamental news that may affect the price, plus i see that MA25 and MA100 already did crossover, only RSI is rising plus Stochastic movement near oversold area which support today's correction. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 4, 2016 Author Share Posted March 4, 2016 USDCAD cannot make much movement yesterday and only able to closed slightly. NFP tonight maybe become a biggest factor for short term movement later, and continouing the bearish trend. Technically now the price is oversold, and USDCAD has chance to rise temporarily to 1.36002 at most. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 17, 2016 Author Share Posted March 17, 2016 Candlestick formed a bearish engulfing pattern on H4 chart and pass psychological level at 1.31000, the price also corrected to 1.31302 but bias of this pair is still sharp bearish with RSI(14) fall to around 33 and stochastic fall to 7. With this the next bias is support level at around 1.30856 and if can break it will fall further up to 1.30002. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 29, 2016 Author Share Posted March 29, 2016 On H1 chart it seems that USDCAD just fall down below MA20 yesterday, but still doubt will be back under pressure today. However, now a potential bullish must get confirmation with a break at 1.33072 which become resitance level if it wants to return to its bullish state. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 12, 2016 Author Share Posted April 12, 2016 H4 chart, there is possibility that the minus of news for the USD today wil affect USD or even CAD's reaction to each other, so i think it would be sideways in between 1.2850 0 1.2950 plus RSI 14 and KDJ also supported this with showing that there are not enough bullish nor bearish sentiment. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 19, 2016 Author Share Posted April 19, 2016 On H1 timeframe, it seems that according to heiken ashi this pair is under bearish pressure, yet the same indicator such as RSI also showing the same result indicated that the price will have continuity, also one thing worth to mention is the pair opened below pivot level today means that more huge pressure, so my prediction this pair is under bearish pressure up to NY session start tonight. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 28, 2016 Author Share Posted April 28, 2016 The pressure on USDCDA this morning stopped at 1.25643 which is today's support, Stochastic also shown that the price in oversold range. According to my analysis, USDCAD may rebound first and rise above MA21 before start to show a sign for bearish trend and fall further. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 16, 2016 Author Share Posted May 16, 2016 This time i choose M15 chart one on the opening and find three white soldiers following by other bullish candle and it means bullish trend. The price also break the upper band at 1.29605. Not only that RSI(14) and Stochastic is simultaneously rise to higher level. This strong bullish may meet its match aat 1.30000 Quote Link to comment Share on other sites More sharing options...
pepy Posted May 18, 2016 Author Share Posted May 18, 2016 The price of USDCAD on H1 chart today still show the strong trend with the position still above pivot. EMA50 stilll below the price too and Ichimoku give bullish signal. I myself see this pair still has chance to rise but limited for now since RSI and KDJ already shwoing an indication the price will moving towards overbought area. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 24, 2016 Author Share Posted May 24, 2016 USDCAD able to pass MA100 and right now move above of that line plus it is above pivot too indicated which bullish tendency still continue and could brough the price to resistance level at 1.32956. This strong trend is the same with other indicators except RSI with falling to level 45. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 27, 2016 Author Share Posted May 27, 2016 Yesterday, UsdCad happened to experience a sharp rebound to the area at 1.29002 up to 1.30002. Overall bias for this pair still bullish, with Sma(25) cut the middle band and macd (12,26,9) low higher. If able to break the upper band at 1.30200 then the price can come back to 1.31007 Quote Link to comment Share on other sites More sharing options...
pepy Posted May 30, 2016 Author Share Posted May 30, 2016 Candlestick bearish engulfing pattern formed on H1 frame for usd/cad pair with the closing price is able to break middle band. Rsi (14) for this pair is falling to 51. Stochastic (5,3,3) also fall to the area of 55, and lastly Macd is showing low lower. So, strong bearish trend may go towards lower band at 1.29655. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 2, 2016 Author Share Posted June 2, 2016 Three inside down pattern seems formed on UsdCad 30 minutes frame this indication is bearish. The price also move down to middle band and closed below that middle band. RSI(14) fall to level 51 and Stochastic fall to level 45. Macd indicated the high lower, so bearish price bias towards level 1.3000. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 6, 2016 Author Share Posted June 6, 2016 Doji formed on H1's time frame chart of usdcad, the price seems is ascending and leave the lower band. RSI (14) in this case already oversold and waiting for turn. Stochastic (5,3,3) is also oversold in level 22, and Macd forms lowers high. Bias with those all is limited bullish which targetted the price up to 1.30303. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 8, 2016 Author Share Posted June 8, 2016 usdcad on one hour frame in this last 3 days saw 3 black crows formation formed, this thing indicated there is a strong pressure for this pair, Today with the current condition CAD still able to continue its weakening trend to the lower level or to be exact to around level 1.26802. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 9, 2016 Author Share Posted June 9, 2016 After 3 black crows now 3 rising pattern formed on H4 chart indicated the price may rise and break the resistance psychology level at 1.27003. RSI (14) ascend to area 37 and Stochastic (5,3,4) observed to rise at around level 63. Macd (12,26,9) forms lowers high. Bias may corrected and rise to area around level 1.2900 or even a bit higher Quote Link to comment Share on other sites More sharing options...
pepy Posted June 13, 2016 Author Share Posted June 13, 2016 Usdcad on H4 chart formed doji and successfully crossed the upper band also the price losed above that upper band. The next price closed below psychological level at 1.28002. Stochastic(5,3,3) observed around 97 and RSI(14) rise to. Macd (12,26,9)forms lowers high. The conclusion is the strong bullish bias, with resistance on the psychological level at 1.29007. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 20, 2016 Author Share Posted June 20, 2016 Gap down observed on USDCAD opening today on H1 chart, it seems the candle get a strong bearish sentiment after failed to break MA100 last week and this could be a signal for this pair to back to its bearish course. USDCAD pair has potential to fall down and may even touch level 1.27602. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 9, 2016 Author Share Posted July 9, 2016 Bullish engulfing pattern candle formed on Daily frame of USDCAD with Stochastict (5,3,3) rose to around level 69, RSI(14) rose to around area 54, while MACD (12,26,9) formed lowers high. By those all, the bias is clearly bullish but with medium resistance from seller and the resistance of this may meet at upper band or to be pricese at 1.31252. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 15, 2016 Author Share Posted July 15, 2016 USDCAD is rising and successfully break pivot point at 1.29164 on H1 chart and at the same time Morning star doji formed followed by few not so strong or rather weak bullish candle. Indicators is overall bearish for this pair, only MACD forming lowers high so the price's bias is bullish with resistance is located between 1.29634 -1.30368. Quote Link to comment Share on other sites More sharing options...
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