USD CAD Technical Analysis February 5, 2019
The USD rose 0.12% against the CAD on Monday and closed at 1.3108. Today in European session while USD CAD technical analysis February 5, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3115, which is 0.05% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3080 and a fall through could take it to the next support level of 1.3050. The pair is expected to find its first resistance at 1.3142, and a rise through could take it to the next resistance level of 1.3175. For today the expected trading range is between 1.3050, Support and 1.3175 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3080 Support 2: 1.3050 Support 3: 1.3020
Resistance Levels: Resistance 1: 1.3142 Resistance 2: 1.3175 Resistance 3: 1.3200
USD/CAD Buying Opportunity for Intraday Trading February 5, 2019
Buy near the support area 1.3080 and 1.3050 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 February 5, 2019
Sell near the resistance area 1.3142 and 1.3175 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 February 5, 2019
GBP/USD Technical Analysis February 5, 2019
USD/JPY Technical Analysis February 5, 2019