2013.11.27 | USDCAD Market Analysis
USDCAD Trends & Fibonacci Retracement Levels
The USDCAD currency pair has been virtually unchanged in forex market trading today with the USDCAD registering a high of 1.05599 and a low of 1.05299 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over the short-term 21 period linear moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair is in an uptrend with prices between the newly formed fibonacci retracement top (0.00%) and the 1st pullback retracement level (23.6%).
USDCAD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 128.9 pips
30-day current trend is BULLISH / Trend strength of 205.7 pips
60-day current trend is BULLISH / Trend strength of 191.5 pips
90-day current trend is BULLISH / Trend strength of 115.9 pips
180-day current trend is BULLISH / Trend strength of 290.6 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 1.05816
— 0.236 – 1.04870
— 0.382 – 1.04285
— 0.500 – 1.03812
— 0.618 – 1.03339
— 0.764 – 1.02754
— 1.000 – 1.01808
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
