2013.12.05 | USDCAD Market Analysis
USDCAD Trends & Fibonacci Retracement Levels
The USDCAD currency pair has been falling in forex market trading today with the USDCAD registering a high of 1.06830 and touching a low of 1.06613 on the day. Trends data shows the pair is continuing to climb in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the 1.0700 level to present the next obstacle to the upside with the 1.0650 level looking to provide near-term support below.
USDCAD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 197.8 pips
30-day current trend is BULLISH / Trend strength of 230.8 pips
60-day current trend is BULLISH / Trend strength of 343.3 pips
90-day current trend is BULLISH / Trend strength of 168.3 pips
180-day current trend is BULLISH / Trend strength of 328.1 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 1.07058
— 0.236 – 1.05819
— 0.382 – 1.05053
— 0.500 – 1.04433
— 0.618 – 1.03814
— 0.764 – 1.03047
— 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.
