2013.11.28 | USDCAD Market Analysis
USDCAD Trends & Fibonacci Retracement Levels
The USDCAD currency pair has been declining in forex market trading today with the USDCAD registering a high of 1.05956 and a low of 1.05697 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading over the 21 period linear short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in an uptrend that established a new fibonacci retracement cycle high at 1.0601 level on Wednesday.
USDCAD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 172.0 pips
30-day current trend is BULLISH / Trend strength of 217.9 pips
60-day current trend is BULLISH / Trend strength of 224.7 pips
90-day current trend is BULLISH / Trend strength of 126.1 pips
180-day current trend is BULLISH / Trend strength of 297.8 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 1.06012
— 0.236 – 1.05020
— 0.382 – 1.04406
— 0.500 – 1.03910
— 0.618 – 1.03414
— 0.764 – 1.02800
— 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.
