Intraday term trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.1397
Kijun-Sen level: 1.1374
Ichimoku cloud top: 1.1352
Ichimoku cloud bottom: 1.1385
USD Has slightly retreated after making high of 1.1423 (2nd Dec ). Intraday trend is bullish as long as support 1.1370 (38.2% retracement of 1.12270 and 1.14581).
On the downside break below will target 1.134/1.1310. Overall trend reversal only below 1.1310.
The pair is facing minor resistance around 1.1400 and any indicative break above would extend gain to 1.1425/1.14580.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Sell
Recommendation: Buy USD/CAD around 1.13940-50, SL 1.1370, Targets 1.14235/1.14580.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.1397
Kijun-Sen level: 1.1374
Ichimoku cloud top: 1.1352
Ichimoku cloud bottom: 1.1385
USD Has slightly retreated after making high of 1.1423 (2nd Dec ). Intraday trend is bullish as long as support 1.1370 (38.2% retracement of 1.12270 and 1.14581).
On the downside break below will target 1.134/1.1310. Overall trend reversal only below 1.1310.
The pair is facing minor resistance around 1.1400 and any indicative break above would extend gain to 1.1425/1.14580.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Sell
Recommendation: Buy USD/CAD around 1.13940-50, SL 1.1370, Targets 1.14235/1.14580.