UsdCad : 21/11/2017 Technical Analysis Report
Our Preference: Buy Above 1.2750 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the triangle pattern, after tesing the lower trend line on the triangle its bounce backing to uptrend and we got closing above the 38% Fibonacci retracement level so we can except on buying side and we can buy near lower trend line and except upto next key resistance levels of upper trend line :- which we have shown in attached image.
UsdCad : 27/11/2017 Technical Analysis Report From Centreforex
Our Preference: Buy Above 1.2750 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was broken the triangle pattern on lower side and In last week UsdCad was closed below the 38% Fibonacci retracement level, now the trend was changed to selling side, so we can except on selling side and we can sell below the key resistance level and except upto next key support levels :- which we have shown in attached image.
UsdCad : 07/12/2017 Technical Analysis Report From Centreforex
Our Preference: Buy Above 1.2800 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and yesterday its tested the lower trend line and closed above the 38% Fibonacci retracement level so its conforming for the buying side and we can buy near intraday key support level and except upto next key resistance levels :- which we have shown in attached image.
UsdCad : 13/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell below 1.2900 for the target of 1.2690 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and now its trading near key resistance of horizontal line and its trading in the equidistant channel line and its trading below the 50 % Fibonacci retracement level, so we can sell below the key resistance and except upto next key support levels :- which we have shown in attached image.
UsdCad : 19/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell below 1.2900 for the target of 1.2690 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and now new intraday upper trend line was formed as major key resistance level and its trading in the equidistant channel line and its trading below the 50 % Fibonacci retracement level, so we can sell below the key resistance and except upto next key support levels :- which we have shown in attached image.
By Subramanian From Centreforex
