USD CAD Technical Analysis January 31, 2019
The USD declined 0.19% against the CAD on Wednesday and closed at 1.3146. Today in European session while USD CAD technical analysis January 31, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3131, which is 0.11% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3083 and a fall through could take it to the next support level of 1.3018. The pair is expected to find its first resistance at 1.3245, and a rise through could take it to the next resistance level of 1.3345. For today the expected trading range is between 1.3082, Support and 1.3245 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3083 Support 2: 1.3018 Support 3: 1.2920
Resistance Levels: Resistance 1: 1.3245 Resistance 2: 1.3345 Resistance 3: 1.3410
USD/CAD Buying Opportunity for Intraday Trading January 31, 2019
Buy near the support area 1.3083 and 1.3018 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 January 31, 2019
Sell near the resistance area 1.3245 and 1.3345 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 January 31, 2019
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