You are not logged in.


Index » Medium Term : Charts, Analysis and Trade Ideas » 

USD/CAD : Resumption of the uptrend


Pages: 1

#1 ⇑ Haut ⇑ 11-02-2013 09:18:43

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

USD/CAD : Resumption of the uptrend

The pair USD/CAD has resumed its uptrend last Friday. The price broke the resistance at 1.0, giving us a buy signal. Thereafter, the next resistance at 1.0036 has been broken (new buy signal). On the medium term, a new bullish slant was formed (purple slant).

We recommend to trade only long positions as far as 1.0 is support. The next target is the resistance at 1.01. The breakout of this level will give a new buy signal and would allow the price to reach 1.0150. The bullish scenario is reinforced by a short term bullish slant (purple dotted line) which is now support (see previous analysis).

In case of return below 1.0, we will be neutral between this level and 0.9950.

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-11022013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-11022013.png







signature forex
 

#2 ⇑ Haut ⇑ 15-02-2013 09:43:09

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

The pair USD/CAD has made a double top on 1.0080 earlier this week before starting a correction. The price is back on its medium term bullish slant (the third point of contact) and we can therefore expect a new upward wave in the coming days to 1.0080 and 1.01 in extension.

We recommend to trade only long positions as far as 1.0 stay support. This level is currently tested. A return above the resistance at 1.0036 will reinforce our bullish feeling. The breakout of 1.0080 will give a new buy signal.

In case of return below 1.0, we will be neutral between this level and the major support 0.9950.

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-15022013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-15022013.png




signature forex
 

#3 ⇑ Haut ⇑ 18-02-2013 08:57:19

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

Last Friday, the pair USD/CAD  has resumed its upward trend and is currently testing the resistance at 1.0080. This level led twice to a correction last week. The rebound of the price has allowed the validation of our medium-term bullish slant (purple line - 3 points of contact).

We continue to advise long positions as far as the psychological level at 1.0 is support. The upward break of 1.0080 will give a new buy signal but the price must overcome another resistance at 1.01 (highs of late January) before a new upward acceleration towards 1.0150.

In case of return below 1.0, we will be neutral between this level and the major support 0.9950.

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-18022013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-18022013.png




signature forex
 

#4 ⇑ Haut ⇑ 20-02-2013 09:00:11

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

The pair USD/CAD continues its uptrend. Yesterday, the break of 1.0080 (new buy signal) caused a new upward acceleration. The price is now moving above 1.01. In the short term, the bullish slant (orange dotted line) still stand.

We continue to advise long positions as far as 1.0050 is support. The break of 1.0150 will give a new buy signal. The next resistance at 1.02 is a minor one and the price should then have in line of sight the resistance at 1.0223 (high of July in daily).

In case of return below 1.0050 (level of the medium term bullish slant), we will be neutral between this level and the psychological level at 1.0.

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-20022013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-20022013.png




signature forex
 

#5 ⇑ Haut ⇑ 21-02-2013 09:33:10

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

The pair USD/CAD continues its upward acceleration. The latter showed a new short term bullish slant (blue line). The break of 1.0150 gave us a new buy signal and the price is now in sight the daily resistance at 1.0223 (high of July).

We continue to advise long positions as far as 1.01 is support. This level corresponds to another short term bullish slant (purple dotted line). The next target is 1.0223. By extension, 1.0250 could be reached.

In case of return below 1.01, we will be neutral between this level and 1.0050 (level of medium term bullish slant).

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-21022013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-21022013.png




signature forex
 

#6 ⇑ Haut ⇑ 25-02-2013 09:09:28

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

The pair USD/CAD has continued its bullish rally and is currently testing the daily resistance at 1.0228 (high of July). The price continues to evolve above the short term bullish slant (blue line) and is now far away from its medium term bullish slant (purple line).

We continue to advise long positions as far as 1.0150 is support. A pullback on this level would be expected in case of breakout of the short term bullish slant. However, the break of 1.03 will give a new buy signal and open the way to 1.0350.

In case of return below 1.01, we will be neutral between this level and 1.0050 (level of medium term bullish slant).

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-25022013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-25022013.png




signature forex
 

#7 ⇑ Haut ⇑ 01-03-2013 09:08:54

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

Earlier this week, the pair USD/CAD has validated the break of the resistance at 1.0228 (highs of July), giving us a new buy signal. After a pullback on this level support, the bullish resumed towards the resistance at 1.0350. On the short term, the pullback has led to a break of the bullish slant (blue line) but the price continues to move along this slant as resistance.

We continue to advise long positions as far as 1.02 is support. The break of 1.0350 will give a new buy signal and should allow the price to test the daily resistance at 1.04 (highs of December 2011 and June 2012).

In case of return below 1.02, we will be neutral between this level and 1.0150 (level of the short term bullish slant - purple dotted line).

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-01032013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-01032013.png




signature forex
 

#8 ⇑ Haut ⇑ 05-03-2013 08:58:19

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

An area of ​​resistance is formed on 1.0309. The pair USD/CAD pair has tested this level several times without success and is currently making a correction. The former short-term bullish slant acted as resistance (blue line).

We continue to advise long positions as far as 1.0230 is support. The break of 1.0309 will give a new buy signal and should allow the price to test the daily resistance at 1.04 (highs of December 2011 and June 2012).

In case of return below 1.0230, we will be neutral between this level and 1.02 (level of the short term bullish slant - purple dotted line).

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-05032013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-05032013.png




signature forex
 

#9 ⇑ Haut ⇑ 13-03-2013 09:01:04

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

For more than a week, the pair USD/CAD moves horizontally between 1.0250 and 1.0330. The price has made ​​a double top on the resistance. This indecision is marked on the short term by a symmetrical triangle. The price is near the end of the pattern and we should  keep in focus the side of the output.

For now, we continue to advise long positions as far as 1.0230 is support. The break of 1.0330 will give a new buy signal and should allow the price to test the daily resistance at 1.04 (highs of December 15th 2011 and June 1st 2012).

In case of return below 1.0230, we will be neutral between this level and 1.02.

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-13032013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-13032013.png




signature forex
 

#10 ⇑ Haut ⇑ 20-03-2013 09:55:54

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

At the end of last week, the pair USD/CAD went out of its short-term symmetrical triangle (black lines) to make a pullback on 1.0180. Since the beginning of the week, the pair seems to resume its bullish trend. The price is currently testing the short-term resistance at 1.0281.

We continue to advise long positions as far as 1.0230 is support. A return above 1.0281 would reinforce our bullish sentiment. The break of 1.0328 which includes all last highs will give a new buy signal and would open the way to the daily resistance at 1.04.

In case of return below 1.0230, we will be neutral between this level and 1.0180 (last low). This level corresponds to the medium-term bullish slant (purple lines).

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-20032013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-20032013.png




signature forex
 

#11 ⇑ Haut ⇑ 26-03-2013 09:40:11

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: USD/CAD : Resumption of the uptrend

These last days, the pair USD/CAD finally continued its correction and is currently testing the medium term bullish slant (purple line), active since the beginning of the year. The correction is reflected by the presence of a medium term bearish slant (black line). In the short term, the price is part of a new downtrend channel (blue lines).

We are neutral at the moment between 1.0189 and 1.0229. We advise to wait an exit of this range to take position:

- Long in case of return above 1.0229. The break of 1.0250 will give a new buy signal and should allow the price to test again the resistance at 1.0328.

- Short if 1.0189 is broken (breakout of the bullish slant). The correction should then extend to 1.0150 and 1.01.

USD/CAD 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-26032013-2.png

USD/CAD 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdcad-26032013.png




signature forex
 

Index
  •  » Medium Term : Charts, Analysis and Trade Ideas » 

    USD/CAD : Resumption of the uptrend



  • Pages: 1