USD/Cad Reaches the Oversold Region, May Reverse at Level 1.2535

USD/Cad Reaches the Oversold Region, May Reverse at Level 1.2535

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bearish
The Loonie is on a downward move. The price broke level 1.2600 to resume the downward move. Nonetheless, on February 16 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272Fibonacci extension and reverse. That is at the low of level 1.2539.

USD/CAD – Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has fallen to level 36 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50. It is approaching the oversold region.

USD/CAD Medium-term Trend: Bearish
On the 4-hour chart, the pair is in a downtrend. On February 19 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that the pair will fall to level 1.272 Fibonacci extension and reverse. That is at the low of 1.2535.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping southward indicating the downtrend. The Loonie is in the oversold region above the 20% range of the daily stochastic. Buyers are likely to emerge.

General Outlook for USD/CAD
The USD/CAD has resumed a downward move. The pair has fallen into the oversold region. The Fibonacci tool has indicated a possible reversal at level 1.272 or 1.2535.

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USDCAD rejects weekly pivot (HEDGE)

USDCAD rejects weekly pivot (HEDGE)

Key Support: 1.2629 – 1.2580
Key: Resistance: 1.2650(weekly Pivot)

Long Term View (4H)
The USDCAD is in a big bearish move, and has been for the past 3 weeks, breaking through and retesting the monthly pivot last week. Sell trades only are in play until this structure breaks.

Intraday
The USD/Cad has rallied from today´s lows to test and reject the weekly pivot which is in confluence with a mayor key level and the 50% pullback level of the full wave down.

The immediate resistance at the previous highs is capping the downside int he USDCAD. Should the previous highs break shorts are in play to at least retest this week´s lows

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USD/CAD Retests Level 1.2740, Resumes Downward

USD/CAD Retests Level 1.2740, Resumes Downward

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bearish
The Loonie is on a downward move. The downtrend was a result of the rejection at 1.2850 High. The pair fell to level 1.263 and corrected upward. The upward correction also faced another rejection at 1.2750. Nonetheless, the selling pressure will resume if the price breaks below level 1.2600. However, since January, the bulls are yet to break level 1.2600.

USD/CAD – Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has fallen to level 46 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50.

USD/CAD Medium-term Trend: Bullish
On the 4-hour chart, the pair is making a brief uptrend. On February 16 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that the pair will rise to level 1.272 Fibonacci extension and reverse. That is at the high of level 1.2746 the market will reverse and returned to 78.6% Fibonacci retracement level.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping southward indicating the downtrend. The Loonie is in the oversold region above the 25% range of the daily stochastic. Buyers are likely to emerge.

General Outlook for USD/CAD
The USD/CAD has resumed a downward move after retesting level 1.2750. The Fibonacci has indicated a downward movement of the pair. The price action has confirmed the Fibonacci level as price resumes downward.

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USD/JPY Falls to Level 102.50 and Resumes an Uptrend

USD/JPY Falls to Level 102.50 and Resumes an Uptrend

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Bullish
The USD/JPY is in an upward move. On February 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.0 Fibonacci extensions or level 108.18.

USD/JPY – Daily Chart

Daily Chart Indicators Reading:
Presently, the SMAs are sloping upward indicating the uptrend. The index is at level 60 of the Relative Strength Index period 14. This indicates that the pair is now in the uptrend zone and above the centerline 50.

USD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On February 12 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.618 Fibonacci extensions or level 105.58.

USD/JPY – 30 Mins Chart

4-hour Chart Indicators Reading
The USD/JPY pair is currently above the 50% range of the daily stochastic. It indicates that the pair is in a bullish momentum. The Yen has fallen but it may resume upward.

General Outlook for USD/JPY
USD/JPY was earlier in a downward move. The price fell to level 102.50 and commenced an upward move. According to the Fibonacci tool, the market will rise to level 1.5.58 and later reach a high a level



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USD/CAD Resumes Downtrend After Retesting Level 1.2800

USD/CAD Resumes Downtrend After Retesting Level 1.2800

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bearish
The Loonie was earlier in an upward move but faces rejection at level 1.2800. The pair has resumed selling pressure. On December 14, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.618 Fibonacci extension or level 1.2406.

USD/CAD -Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has fallen to level 44 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50.

USD/CAD Medium-term Trend: Bearish
On the 4-hour chart, the pair has resumed downward. Initially, the Loonie was fluctuating between levels 1.2760 and 1.2840. The bears broke level 1.2760 to resume the downtrend.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping southward indicating the downtrend. The Loonie is in the oversold region above the 25% range of the daily stochastic. Buyers are likely to emerge.

General Outlook for USD/CAD
The USD/CAD has resumed a downward move after retesting level 1.2800. The selling pressure will persist as the pair will fall to reach the low at 1.2400.

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USD/CAD Is Making a Possible Move but Faces Resistance at Level 1.2850

USD/CAD Is Making a Possible Move but Faces Resistance at Level 1.2850

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bullish
The Loonie is making an upward move. Since on January 28, the price could not break above level 1.2850. In the meantime, the pair is trading below the resistance level. A break above the resistance will signal the resumption of the uptrend.

USD/CAD – Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has risen to level 52 of the Relative Strength Index period 14. The pair has enough room to rally on the upside.

USD/CAD Medium-term Trend: Bullish
On the 4-hour chart, the pair fell to level 1.2765 and resumed upward. On February 1 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the pair will rise to level 2.618 Fibonacci extension. That is the high of 1.3028.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping northward indicating the uptrend. The Loonie is above the 25% range of the daily stochastic. It is in a bullish momentum. The pair is out of the oversold region of the market. Buyers are likely to emerge.

General Outlook for USD/CAD
The USD/CAD has resumed upward move after falling to level 1.2765. The current uptrend is facing resistance at level 1.2850. The Fibonacci tool has indicated a possible move to level 2.618 or 1.3028.


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USD/CAD Is in a Sideways Trend, Initiates an Uptrend

USD/CAD Is in a Sideways Trend, Initiates an Uptrend

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bullish
On January 21, the Loonie rebounded above level 1.2620 to resume an upward move. The uptrend continued today after the bulls break the resistance at 1.2689. The pair has risen to level 1.2762 at the time of writing.

USD/CAD – Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has risen to level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand.

USD/CAD Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On January 25 uptrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The pair will rise to level 1.618 Fibonacci extension. That is the high of 1.2896.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping northward indicating the uptrend. The Loonie is above the 40% range of the daily stochastic. It is in a bullish momentum. The pair is out of the oversold region of the market. Buyers are likely to emerge.

General Outlook for USD/CAD
The USD/CAD is now in an uptrend. The pair is currently facing resistance at level 1.2810. The Fibonacci tool has indicated an upward move to the high of level 1.2896.


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USDCAD rejects the 1.2600

USDCAD rejects the 1.2600

Last week the USDCAD rejected the 1.2600 level and wee are looking for opportunities to go long.

We are looking at a bounce of the weekly lows and a break above the POC of the volume of the entire move to the downside.
We are targeting next key level to the upside. Clean and simple setup.

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USD/CAD Is in an Oversold Region as Buyers Are Likely to Emerge

USD/CAD Is in an Oversold Region as Buyers Are Likely to Emerge

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bearish
The Loonie is likely to continue its downward move. The recent upward move has been repelled by the 21-day SMA. Presently, the pair is falling and has fallen to the low of 1.2690. The loonie may reach the low of 1.2620.

USD/CAD – Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has fallen to level 43 of the Relative Strength Index period 14. It is below the centerline 50. A further downward move is likely.

USD/CAD Medium-term Trend: Bearish
On the 4-hour chart, the pair fell as the uptrend reaches the high of 1.2799. In the last 48 hours, the downward move has persisted. The overall trend has been bearish. The pair may resume upward if the price falls and reaches the low of 1.2620.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping northward indicating the uptrend. The Loonie has fallen below the 20% range of the daily stochastic. It is in a bearish momentum. The pair is still in the oversold region of the market. Buyers are likely to emerge.

General Outlook for USD/CAD
The USD/CAD is likely to continue its downward move as price faces rejection at the recent high. The price sometimes fluctuates as the market continues its downward move. In the previous price action, the pair fell and rebounded above 1.2650 on January 14.


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USD/CAD Rebounds Above Level 1.2700, Resumes Uptrend

USD/CAD Rebounds Above Level 1.2700, Resumes Uptrend

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

USD/CAD Price Long-term Trend: Bearish
The Loonie is making an upward move. On January 11, the pair was resisted at level 1.2800 as price fell to the previous low. Today, the USD/CAD has resumed an upward move to retest level 1.2800 high. If price breaks the recent high, the upside momentum will resume.

USD/CAD – Daily Chart

Daily Chart Indicators Reading:
The 50-day and the 21-day SMAs are sloping downward indicating the downtrend. The Loonie has fallen to level 44 of the Relative Strength Index period 14. It is below the centerline 50. A further downward move is likely.

USD/CAD Medium-term Trend: Bullish
On the 4-hour chart, the pair rebounds above level 1.2700. On the January 11 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the index will rise to level 1.618 Fibonacci extensions. That is a high of 1.2509.

USD/CAD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, the SMAs are sloping northward indicating the uptrend. The Loonie is above the 20% range of the daily stochastic. It is in a bullish momentum. The pair is still in the oversold region.

General Outlook for USD/CAD
The USD/CAD has resumed its upward move. The upward move is currently facing resistance at level 1.2800. According to the Fibonacci tool analysis; the market will reach level 1.618 Fibonacci extension or 1.2943.


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