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 Aug 7, 2019

1

USD CAD Technical Analysis Aug 7, 2019

USD CAD Technical Analysis: The USD rose 0.51% against the CAD on Tuesday and closed at 1.3278. Today in European session while USD CAD technical Analysis Aug 7, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3275, which is 0.02% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3212 and a fall through could take it to the next support level of 1.3147. The pair is expected to find its first resistance at 1.3317, and a rise through could take it to the next resistance level of 1.3355. For today the expected trading range is between 1.3141, Support and 1.3280 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3212, Support 2: 1.3147, Support 3: 1.3110
Resistance Levels: Resistance 1: 1.3317, Resistance 2: 1.3355, Resistance 3: 1.3422

USD/CAD Buying Opportunity for Intraday Trading Aug 7, 2019

Buy near the support area 1.3212 and 1.3147 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

USD/CAD Selling Opportunity for Intraday Trading Aug 7, 2019

Sell near the resistance area 1.3317 and 1.3355 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis Aug 7, 2019
GBP/USD Technical Analysis Aug 7, 2019
USD/JPY Technical Analysis Aug 7, 2019

1 Comment
  1. Danish Hussain says

    Best serves easytradingtips

Leave A Reply

Your email address will not be published.