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Trading signals and online forecasts USD/CAD

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USD/CAD - Technical analysis of the USD/CAD currency pair on December 1
The resistance level of 1.2800 continued to be tested on the daily chart. It seems that it will not end well: the upper shadows of candles above 1.2800 and the absence of closures above shows that the probability of a pullback increases. The trend line has also been acting as resistance since the beginning of November, and the pair has declined from a strong resistance zone, where the trend line was close to 1.2800. The growth wave has exceeded 500 points, and this makes a pullback brewing. According to the directional movement indicators, however, only the weakening of the trend is visible so far (according to the decrease in the MACD histogram, however, it remains in the positive zone). For ADX, the growth trend remains very strong: the excess of DM+ over DM is very large at a high level of ADX. The sequence of growth of the relative highs and lows of the pair is not broken.On the four-hour chart, we can consider the movement in the range of 1.2730-1.2800. In this case, a short-term exit above 1.2800 can be considered a false breakdown, and this increases the probability of leaving the range down. This would change the short-term picture, as a reversal would become visible.  From the point of view of the levels, overcoming 1.2730 would be a signal that the support that had been manifested for three days did not stand, and the bulls succumbed to pressure.Resistance Level: 1.2800Support levels: 1.2730; ...
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USD/CAD - Technical analysis of the USD/CAD currency pair on November 25
On the daily chart, the pair declined from the "round" level of 1.2700, which is an important resistance. At the same time, the pair may exit downwards from an upward-pointing wedge, which would be a bearish signal (since if the trend continues, the direction of exit would have to be the direction of the previous movement, that is, growth). A negative factor is also the fact that the pair did not grow on favorable economic data from the United States. This shows that the direction of least resistance is now a decline, and a pullback from 1.2700 has a development perspective. A decline to the next "round" level of 1.2600 would not disrupt the sequence of growth of the pair's relative highs and lows. According to directional movement indicators, the trend remains growth: DM+ is significantly higher than DM-, the MACD histogram is in the positive zone, the MACD line has a positive slope.On the four-hour chart, the pair overcame the trend line, if you build it from November 10. Overcoming the trend line and the transition to a decrease in the relative highs and lows of the pair rather indicate a reversal on this scale. According to more short-term directional movement indicators, the trend has also become a decline: the MACD histogram is in the negative zone, the MACD line has a negative slope. The support level of 1.26555 is currently being tested. When anchoring below, the next target becomes the level of 1.2600.Resistance levels: 1.2700; 1.2800Support levels: 1.2655; ...
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USD/CAD - Technical analysis of the USD/CAD currency pair on November 23
On the daily chart, the growth continued, the pair reached the next "round" level of 1.2700. This is a strong resistance level and on Tuesday the closing may be above it, which would open the way for further growth to the next "round" level of 1.2800 (the July maximum is also near this level). However, now the size of the growth wave from 1.2300 has increased even more, to 400 points, without significant pullbacks. At the same time, there is also no significant rollback for a long time - a month. Approaching the resistance at 1.2800 increases the probability of a pullback due to the previously passed large movement. In addition, and this is not a technical consideration, the pair broke away from the fundamentals. From this point of view, there is no data that would correspond to a large decline in the Canadian dollar for the month. However, the pair's growth trend is still strong. According to directional movement indicators, the trend is growth: DM+ is significantly higher than DM-, the MACD histogram is in a positive zone, the MACD line has a positive slope. The sequence of growth of relative highs and lows is not broken.On the four-hour chart, the pair exited the upward triangle also upwards. Now the combination of the upper boundary of the triangle and the level of 1.2700 can be considered as the closest support for a pullback. The growth of the pair's relative minima remains on this scale. According to ADX, the growth trend is increasing: the excess of DM+ over DM is very large at a high level of ADX. So far, growth in the short term seems more likely. Stronger support during the pullback can be expected on the trend line, which is close to the level of the overcome resistance of 1.2655.Resistance Level: 1.2800Support levels: 1.2700; 1.2655USD/CAD - Technical ...
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USD/CAD - Technical analysis of the USD/CAD currency pair on November 19
On the daily chart, the growth continued, the pair reached a new high, but it is also clear that this movement is slowing down. On Thursday, a small "shooting star" formed, the candle on Friday may also have an upper shadow. The very size of the growth wave from 1,2300 is already quite large - 350 points, while the pullbacks were only small. The pair is already close to a strong resistance at 1.2700 (it showed up well in September).  For these reasons, the pair may be in the trend completion phase, and the probability of a pullback increases. According to directional movement indicators, the trend is growth: DM+ is higher than DM-, the MACD histogram is in a positive zone, the MACD line has a positive slope.On the four-hour chart, the pair received support from the previously overcome level of 1.2600. This confirms the continuation of the trend. The sequence of growth of the relative highs and lows of the pair is also preserved. Nevertheless, a well-marked bearish divergence of the pair's highs and the MACD histogram was formed. This makes further growth difficult, given the proximity of strong resistance at 1.2700, increases the likelihood of a pullback. Although there was no confirmation of the bearish divergence signal. The pair is in an upward-pointing triangle, and its lower border is near the support level of 1.2600 (thus, support is strengthening here). From the point of view of this figure, the exit from the triangle is more likely to go up. Rather, it is worth acting in the direction of the exit either above 1.2655 or below 1.2600.Resistance levels: 1.2655; 1.2700Support levels: 1.2600; 1.2500USD/CAD - Technical ...
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Articles about financial markets

Dollar falls, losing support from US government bonds
The dollar fell against the Canadian dollar and hovered near multi-month lows against European currencies on Tuesday as Treasury bond yields were little moved amid expectations the US Federal Reserve will not raise interest rates in the near future.Dallas Fed President Robert Kaplan reiterated on Monday that he does not expect interest rates to rise until next year, lowering expectations that inflationary pressures could force the Fed to change policy sooner than stated.Read more: Causes of inflation and scientific approaches to their studyThe yield on 10-year US Treasury bonds stood at 1.6454%, continuing a decline from last week's five-week high.The dollar index to a basket of six major currencies was down 0.19% to 89.991 by 09:34. The euro rose 0.25% to $1.2181, close to its lowest level since February 26. At the same time, the pound rose 0.31% to $1.4178. The British currency was supported by the lifting of coronavirus restrictions in the UK.The Canadian dollar rose 0.31% against the US dollar to $1.2029, almost hitting a six-year high, thanks to higher oil prices. "The Aussie rose 0.46% to $0.7799. The New Zealand dollar rose 0.58% to $0.7242.The mainland yuan rose 0.2% to 6.4257. The Japanese yen rose 0.1 per cent paired with the dollar, to 109.08 yen.In the cryptocurrency market, bitcoin rose 3.81% to $45.255 but remained near a three-month low following tweet from Tesla CEO Elon Musk. Etherium rose 7.58% to $3,529.95, recovering from a two-week low hit on Monday.Read more: The history of Federal Reserve (Fed) and its ...
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