Canadian Dollar insight USDCAD Favors bearish trend November 23, 2017

Canadian Dollar insight USDCAD Favors bearish trend November 23, 2017

Canadian Dollar insight USDCAD Favors bearish trend November 23, 2017

  •  the USD is trading at 1.2771 against the CAD, 0.09% lower
  • change in the bullish trend in favor of the bearish trend.
  • continue the development of growth with the target at 1.2880.

USDCAD Favors bearish trend – Data indicated that Canada’s wholesale sales unexpectedly fell on a monthly basis in September.

This morning at 10:40 GMT, the USD is trading at 1.2771 against the CAD, 0.09% lower from the New York close. The pair witnessed a high of 1.2788 and a low of 1.2751 during the session. In the New York session yesterday, the US Dollar fell 0.2% against the This morning at 10:40 GMT,  the USD is trading at 1.2771 against t CAD, 0.09% low from the New York close. The pair witnessed a high of 1.2788 and a low of 1.2751 during the session. In the New York session yesterday, the US Dollar fell 0.2% against the Canadian Dollar to close at 1.2782. Data indicated that Canada’s wholesale sales unexpectedly fell on a monthly basis in September. The immediate downside, the first support level is seen at 1.2739, while on the upside, the first resistance level is situated at 1.2813.

USDCAD Favors bearish trend - Data indicated that Canada’s wholesale sales unexpectedly fell on a monthly basis in September.

USDCAD Favors bearish trend

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Earlier, a weak signal was received to buy of  US Dollar/Canadian Dollar, due to the crossing of signal lines at the level of 1.2720. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower level of the  Cloud with the closing of quotations below the level of 1.2715, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the pair is with the breakdown of the level of 1.2840.

 
DatePriceOpenHighLowChange %
Dec 12, 20171.28661.28541.28921.28130.08
Dec 11, 20171.28561.28541.28711.28310.09
Dec 08, 20171.28451.28511.28811.2803-0.05
Dec 07, 20171.28511.27901.28691.27830.48
Dec 06, 20171.27901.26881.28091.26500.80
Dec 05, 20171.26881.26701.27061.26220.14
Dec 04, 20171.26701.26861.27281.2654-0.10
Dec 01, 20171.26831.28971.29031.2681-1.65
Nov 30, 20171.28961.28661.29121.28490.24
Nov 29, 20171.28651.28111.28751.28020.38
Nov 28, 20171.28161.27681.28251.27510.37
Nov 27, 20171.27691.27121.27721.26780.42
Nov 24, 20171.27151.27121.27491.26910.02
Nov 23, 20171.27131.26961.27281.26710.16
Nov 22, 20171.26931.27781.27891.2692-0.67
Nov 21, 20171.27781.28201.28381.2747-0.33
Nov 20, 20171.28201.27671.28221.27530.45
Nov 17, 20171.27631.27581.28251.27110.05
Nov 16, 20171.27571.27651.27851.2726-0.05
Nov 15, 20171.27641.27321.27921.27120.26
Nov 14, 20171.27311.27331.27741.2698-0.02
Nov 13, 20171.27331.26841.27431.26770.40
Highest:1.2912Lowest:1.2622Difference:0.0290Average:1.2776Change %:1.4509

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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