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USD/CAD daily analysis.


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Not just Hanging man spotted on 1 hour chart of USDCAD, but there was breakout and it happened with the price which break EMA100 line and closed down below. RSI(14) and Stochastic(5,3,3) seems fell down to 24 and 30 respectively while MACD formed lower low in green zone which means bearish. Parabolic SAR is moving above the price means bearish. Based on that all, the bias is bearish with target at 1.3055

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Oversold has been spotted on Stochastic also RSI where the same thing happened. This matched with the evening star formed on USDHCF's 4 hour time frame. MACD in the red zone but with higher low from previous lower low. So i see the reversal here. Based on that i estimate the price of this pair is under bullish bias and will rise up to around level 0.97550

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USDCAD's price on 1 hour time frame formed morning star and before even break EMA100. Parabolic SAR is moving below the current price with EMA100 indicated the bullish trend. RSI rise to 59 while Stochastic rise to level 60. MACD(12,26,9) formed higher high on green zone. The bias based on that all is bullish, target for this pair is at 1.3205

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USDCAD on 1 hour time frame chart formed hanging man and the price just break the middle band. Mostly indicators in this chart are bearish. RSI and Stochastic fall to around level 45 and 53. MACD also formed lower low, but Parabolic SAR is bullish. Based on that i think the price overall under bearish trend and target for the bearish is at 1.3175

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UDSCAD on 1 hour chart just break EMA100 line and thus drive the price to lower level. Parabolic SAR also move above the price means it is bearish. RSI and Stochastic both slightly rise, while MACD(12,26,9) show us bearish signal and formed lower low on red zone.

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USDCAD on this chart is doing well, according to the result of all indicators most of its are bullish. RSI(14) in this chart rise to level 56, while MACD(12,26,9) formed lower high on green zone, Parabolic SAR is moving below the current price and so do EMA100. Stochastic is the only one which show bearish signal with fall to level 34. So overall this pair based on the analysis is bullish and this pair may rise up to around 1.3195

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USDCAD on 1 hour chart observed to be bullish as the price able to rise and break the middle band and closed above. RSI and Stochastic in this chart show the signal for bullish with rise to higher level than the previous one. MACD and Parabolic SAR are both showing the bullish signals too. Also with the rejection by EMA100, the bias of this pair is bullish with resistance at 1.3205

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USDCAD on 1 hour time frame chart pointed the price is above EMA100, Pivot line, and Parabolic SAR, and not to mention that RSI and Stochastic both rise to level 66 and 67. MACD also support this bullish sentiment with forms higher high on green zone. So overall based on the analysis then this pair is expected to be bullish with resistance at 0.9910

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USDCAD show the price on 1 hour chart fall free and the price right now is keep moving below EMA100 and Parabolic SAR. Based on that we can say it is bearish and not just that RSI and Stochastic which both fall down to level 44 and 25 clearly indicated the bearish sentiment. Based on the analysis of 1 hour chart, this pair is predicted to be bearish with support at 1.3208

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The price of USDCAD observed to be able to break the lower channel and closed below on 4 hour chart. The price on its lowest able to touch the murray math line at 1.3062. Parabolic SAR and EMA100 is above the price where RSI and Stochastic fall down both to level 18 and 30 respectively. The bias is a strong bearish sentiment and has potential to fall to the second support at 1.30000

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USDCAD still strong enough and able to break EMA20 successfully also closed above. Price opening is above pivot line, while RSI(14) rose to around level 53 and Stochastic(5,3,3) rose to around level 85 on the overbought zone. Parabolic SAR is below the price and MACD forms lower high on the green zone. Based on the condition and analysis above it seems the price predicted to be bullish with resistance at 1.3133

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Usdcad still show the bullish bias even the price fall down briefly and try to test the pivot line but rejected. The price is still above pivot and above the middle channel too. The condition is RSI and Stochastic are both rise to higher level where RSI towards 76 while Stochastic towards 80 near overbought zone. Parabolic SAR is moving below the price and MACD(12,26,9) formed a higher high formation. So this pair expected to be bullish with resistance at 1.3375

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Bearish engulfing pattern formed on USCAD's 4 hour time frame chart. The price able to break the pivot point line at 1.3313 and closed above the 6/8 murray math at around 1.3306 RSI (14) in this chart seems fall down to around level 61. Stochastic(5,3,3) fall down to around level 38. MACD(12,26,9) formed higher low. So the bias is strong bearish with support at around 1.3230i

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USDCAD on 1 hour time frame chart show that the price is below EMA100 and Parabolic SAR right now, there is a breakthrough below where the price could ended the bullish bias with happened this week. RSI in this chart observed to be falling down around level 43 and Stochastic which fall down to around level 37. MACD formed higher low so i can say the graph chart must be weakening here with support at 1.3331

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USDCAD is pretty much bullish thanks for the bullish engulfing pattern with few white candle following and also the price seems failed bu not yet rejected by EMA50. RSI in this chart which before has been into oversold zone now ris to around level 54, Stochastic also rise to level 44. MACD in this chart is different with higher low on the red zone which pretty much bearish. Based on the analysis, i think this pair may rise to the resistance around 1.3402

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USDCAD on H1 chart failed to break EMA100 in the last session thus pushed the price higher. Morning star formed here indicated the reversal which means this pair will be bullish. RSI(14) also rise to level 55, MACD formed higher low on green zone, while Parabolic SAR is below the price right now. Based on that then thsi pair expected to be bullish with resistance at 1.3420

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USDCAD dominated by bearish sentiment after the price failed to break EMA100 and also pivot line. RSI(14) and Stochastic(5,3,3) are both fall down to level 45 and 37. MACD in this chart is bearish with the lower lows formation. Based on my analysis, correction may happened in future but overall this pair will weakening to the support around 1.3371

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USCAD based on 4 hour time frame chart it seems that RSI and Stochastic both fall towards 56 and 43 respectively maybe price wait for correction first before it will start back to rise since the price in this chart seems getting stronger with 3 white soldiers and few gaps. MACD and Parabolic SAR are both bullish too. With the current condition it seems USDCAD may rise towards resistance at 1.3430

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USDCAD on H1 chart show the possibility for this pair to be bearish, with successful rejection of EMA100 and pressure from Parabolic SAR with gravestone doji formed before. Not to mention other leading indicator suh as RSI(14) and Stochastic(5,3,3) fall down to 49 and 33 respectively. MACD(12,26,9) formed lower lows. So based on that fact and my analysis USDCAD will fall towards support at 1.3355

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USDCAD on 30 minutes chart successfully formed bearish engulfing pattern which put the price down below and able to break the lower band. Stochastic and RSI plus MACD are bearish, where Stochastic and RSI fall to 15 and 40 while MACD formed lower low. Parabolic SAR is still below the current price but nearing its breakout. So based on that it seems in this chart, USDCAD will fall towards 1.3407 at most.

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With USDCAD successfully closed the gap with new high this pair right now is moving above pivot and also EMA100. RSI and Stochastic seems moving around level 60 and 87 respectively. MACD in this chart formed higher high formation while Parabolic SAR is moving above the price signalling for bullish sentiment. The resistance which will be faced at 1.3570

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  • 2 weeks later...

USDCAD based on 30 minutes chart observed a bearish engulfing pattern spotted which able to break the lower band and the price successfully closed below. The other indicators such as MACD is showing bearish signal, and both leading indicators: RSI and Stoch fall both to level 45 and 23 respectively. Based on that this pair expected to bearish with target at 1.3450.

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USDCAD on 30 minutes chart showing that the price tried to break the middle band but rejected and instead the price rejected and under bearish sentiment right now. Hanging man also spotted in few candles back. At this rate this pair may fall deeper considering leading indicators which are RSI and Stochastic both fall towards 44 and 67 respectively. So the next target is support at 1.3394

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  • 2 weeks later...

As we can see before a strong bearish sentiment overwhelm this pair, but right now it hampered by the second support at 1.3122, it also show the signal to reverse. RSI and Stoch both rise towards level 34 and level respectively, so there is chance for this pair to strengthening. In its potential to rise, this pair predicted to rise around the first support at 1.3169 even up to pivot level at 1.3182

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Based on 1 hour time frame chart it seems that USDCAD today playing below the pivot level. Flat channel / rectangle formed on this chart today followed by small tendency to rise, at mid term there is a tendency for the pair to rise up through pivot level at 1.3379 and towards the next resistance 1.3423, considering that most other indicators are bullish leaving only Stochastic with bearish signal.

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