Forex: USD/CAD nears trading band support

The USD/CAD currency pair is currently heading towards a trading band support near the 1.3500 level on the 4-hour chart. Will this currency pair continue to weaken and we will see a test of the aforementioned support, where the bulls could regain control? However, the Stochastic indicator is already indicating an oversold condition, so further declines may be limited.

Formation of the USD/CAD currency pair (4-hour chart – H4):

Source: Babypips, TradingView

Forex: USD/CAD lowers trading band resistance

On the daily chart, the USD/CAD pair is pulling back from the resistance of the trading band near the psychological level of 1.2800 which has been there since the beginning of this year. At the same time, the Stochastic indicator is already sending an overbought condition, so further growth may be limited. Opening a short position near the current levels and Stop-Loss above the mentioned resistance can be a good trading plan, especially if you target the support of the trading band near the 1.2325 level.
Forex: USD/CAD lowers trading band resistance

On the 4-hour chart, USD/CAD is pulling back from the resistance of the trading band near the 1.2140 level that has been there since the beginning of this month. At the same time, the Stochastic indicator is already leaving the overbought area, so the bears may come again. Will we see this trend and a gradual weakening towards the trading band support near the 1.2025 level?
Forex: USD/CAD lowers trading band support

The USD/CAD currency pair is currently jumping up from the trading band support near the 1.2960 level on the 1-hour chart. Meanwhile, the Stochastic indicator has already left the oversold zone, so the bulls may come again. So will we see further consolidation of this currency pair and a possible test of the resistance of the trading band near the psychological level of 1.3000?
Forex: USD/CAD lowers trading band support

On the 4-hour chart, the USD/CAD currency pair is currently rising to the upside from the support of the trading band near the 1.2450 level, which has been active since mid-January. Will the bulls regain strength at current levels and will we strengthen back towards the resistance of the trading bands near the 1.2850 level? However, the Stochastic indicator is already indicating an overbought condition, so further growth may be limited.
Forex: USD/CAD pulls back from rising channel support

On the 4-hour chart, the USD/CAD currency pair is currently jumping up from the support of the rising trend center, which corresponds to the SMA 100 moving average. A price divergence has emerged simultaneously between the price and the Stochastic indicator , so. further decline may be limited. Will the bulls regain strength at current levels and will we strengthen back towards trendline resistance or at least its midline?
Forex: USD/CAD cycles from trend channel support

On the daily chart, the USD/CAD currency pair is jumping higher from the support of the long-term bullish trend center, which also corresponds to the SMA 100 and SMA 200 moving averages. Opening a long position near the current levels it could be good. trading plan, especially if you target the previous swing around 1.3800.
Forex: USD/CAD is nearing the mid-line of the trading range

The USD/CAD currency pair is consolidating into a trading range on the weekly chart and is now approaching its midline, which is the key S/R zone. What? will we see consolidation in this S/R area mentioned and a return to lower levels? Or will there be success and we will gradually strengthen the resistance of the trade band?
Forex: USD/CAD nears trading band resistance

The USD/CAD currency pair is currently approaching a trading band resistance near the 1.2800 level on the daily chart. At the same time, the Stochastic indicator is already sending an overbought condition, so further growth may be limited. Will the bears gain strength around current levels again and will we weaken towards the support of the trading band or at least its midline?
Forex: USD/CAD nears trading band resistance

The USD/CAD currency pair is currently approaching the resistance of a trading band near the 1.2850 level on the 4-hour chart, which has not been significantly broken to the top since late December last year. At the same time, the Stochastic indicator is already sending an overbought condition, so further growth may be limited. Will the bears gain strength near current levels again and will we weaken back towards the trading band support near the 1.2475 level?
Forex: USD/CAD nears trading band support

On the 4-hour chart, the USD/CAD currency pair is heading towards the support of a trading band near the 1.2850 level. Will this currency pair continue to weaken and will we see a test of the support mentioned above, where the bulls could regain control? However, the Stochastic indicator is already close to the oversold zone, so further declines may be limited.
Forex: USD/CAD nears rising trend support

The USD/CAD currency pair is currently nearing the support of the ascending channel on the 15-minute chart. Will this currency pair continue to weaken and we will see a test of the said support, where the bulls could regain control?
Forex: USD/CAD nears trend center support

The USD/CAD currency pair is trading in a long-term uptrend on the daily chart and is currently nearing its support, which also corresponds to the SMA 100 and SMA 200 moving averages. ?
FOREX: USD CAD returns to parity of 1.0000

The USD CAD currency pair does not indicate any change in outlook.
FOREX: USD CAD – strong resistance at 1.0656

USD/CAD continues to move higher as it rose to the 1.0656 level where it formed an interim peak.
Forex: USD/CAD bullish

Despite the recent intraday correction, our outlook remains positive.
FOREX: USD CAD continues to decline

The USD CAD currency pair continues to decline at the moment.
Forex: USD/CAD is still in a bearish channel

On the 4-hour chart, the USD/CAD currency pair has been trading in a downtrend for over a week…
FOREX: USD CAD still moving sideways

USD CAD currency pair after reversion from parity value.
Forex: USD/CAD – The candlestick chart suggests a lower price

On the daily chart of the currency pair USD/JPY, below the upper descending line…
Forex: USD/CAD – Technical Analysis

A consolidation will take place above the parity level before a possible test of the October highs in the 1.0660 area.

Forex analysis and reports

Business courses

Profitable Trading in the Financial Markets Using ROBOTS (Seminar Recordings)

We present to you a unique seminar with representatives of the professional development team and a team of full-time traders who trade using automated trading systems (AOS) at FXstreet.cz. The main content of the seminar is professional use, optimization and at the same time profitable trading using live trading systems for the MetaTrader trading platform, including practical demonstrations. Among other things, you will learn how to backtest the benefits of AOS and then actually use AOS in practice to achieve profitable results. We will show you how to build a complete structure and logic of the business system for converting to a fully automatic form in the AOS model. We will also let you know our perspective, trading methods and strategies using AOS.

New Seminar: Business Psychology and Professional Money Management (Seminar Recording)

A brand new seminar from the FXstreet.cz workshop, this time focusing on trading psychology and money management. And this topic is quite important and at the same time, unfortunately, the most underrated and neglected topic of many traders. This seminar complements our other courses, which focus more on the technical side of business. The success of a trader depends mainly on his psyche and trading method. Come learn the most important tools, tips and advice to help you succeed. This unique seminar is sure to change your trading approach and thus your overall results.

Profitable stock trading – practical seminar (Seminar recording)

The seminar “Profitable trading – a practical seminar” is intended for anyone who is interested in building their own, and above all, a profitable portfolio to share and learn to trade stocks and stock indices profitably. The world of investing is changing and changing fast. The key to success is to build a strong and stable portfolio that can withstand any situation for a long time. The seminar is intended for beginners as well as for medium traders and investors.

Forex Expert – a course for advanced traders (Seminar recording)

Seminar Forex Expert It is intended for graduates of the course Junior Business School and for advanced forex traders. We will teach you our profitable day and swing trading strategies and move you to greater profits. This is one of FXstreet.cz’s best rated seminars and we focus mainly on correlation strategies and market analysis. Discount: Seminar graduates Junior Business School they have this seminar for 5,200 CZK.

Exclusive VIP Seminar: Business like a banker! (Seminar recordings)

We introduce you to a unique seminar, which promotes seminar participants among business elites. During the seminar, you will learn information not available to the public about how forex works, facts about retail brokers and other information not available to the public from banks and businesses at the institutional level.

Junior trading school – Forex I-II (Seminar recording)

seminar”Youth business school – Forex I-II“It is intended for new investors and traders. If you want to try something new, stand out from the crowd and succeed in trading financial markets, then this course is for you. Although the seminar is focused on the forex market (financial trading). ), so it is also suitable for all novice traders in the financial markets, and all the information from this seminar can also be successfully applied to commodities, stocks, stock indices or cryptocurrencies.

Literature

$C:\fakepath\kathy-lien-08112017.jpg$

The world’s best seller about business in Czech! Successful Traders: How Ordinary People Beat Wall Street at Its Own Game

One of Kathy Lien’s best-selling books is now published in Czech translation! It features a series of interviews with Kathy Lien and the most successful entrepreneurs. This book has been an inspiration to thousands of readers around the world. In it, you will meet the stories of ordinary people who were able to get rich thanks to the systematic observance of special rules in business. Regardless of their profession, they are successful businessmen and investors today. This book will introduce you to their business methods and strategies to help you understand how to use your hard work to find success in the seemingly difficult world of business.

Forex: USD/CAD nears trading band support

Read more

Amani

Read more

Related posts:

Amani