Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

USD CAD Technical Analysis December 7, 2018

0 13

USD CAD Technical Analysis December 7, 2018

The USD rose 0.20% against the CAD on Thursday and closed at 1.3380. Today in European session while USD CAD technical analysis December 7, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3395, which is 0.11% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3240 and a fall through could take it to the next support level of 1.3300. The pair is expected to find its first resistance at 1.3432, and a rise through could take it to the next resistance level of 1.3484. For today the expected trading range is between 1.3300, Support and 1.3384 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3340 Support 2: 1.3300 Support 3: 1.3250
Resistance Levels: Resistance 1: 1.3432 Resistance 2: 1.3484 Resistance 3: 1.3525

USD/CAD Buying Opportunity for Intraday Trading December 7, 2018

Buy near the support area 1.3340 and 1.3300 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

USD/CAD Selling Opportunity for Intraday Trading December 7, 2018

Sell near the resistance area 1.3432 and 1.3484 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis December 7, 2018
GBP/USD Technical Analysis December 7, 2018
USD/JPY Technical Analysis December 7, 2018

Leave A Reply

Your email address will not be published.