Daily price is on breakdown for the Ichimoku cloud to be crossed to below on open daily bar for the reversal of the price movement to the primary bearish market condition: the price is breaking 1.2864 support level for now for the bearish breakdown to be continuing and with 1.2654 level as a daily bearish target.If D1 price breaks 1.2864 support level on close bar so the bearish trend will be started.If not so the price will be on bullish ranging within between Senkou Span line of Ichimoku cloud and 1.3119 resistance level located in the bullish area of the chart.
SUMMARY : possible breakdown
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Sergey Golubev, 2016.07.06 08:55
USD/CAD Technical Analysis - daily bearish ranging near 200-day SMA reversal area (adapted from the article)
is located near and below SMA with period 200 (200 SMA) in the bearish area of the chart for the ranging within 1.3472 "bullish reversal" resistance level and 1.2654 "bearish continuation" support level:
If the price will break 1.3472 resistance level so the reversal of the daily price movement to the primary bullish market condition will be started.If price will break 1.2654 support so the bearish trend will be continuing.If not so the price will be on bearish ranging within the levels.
SUMMARY : ranging
Sergey Golubev, 2016.07.06 15:35
USD/CAD Intra-Day Fundamentals: Canadian Trade Balance and 28 pips price movement
2016-07-06 12:30 GMT | [CAD - International Merchandise Trade]
if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - International Merchandise Trade] = Difference in value between imported and exported goods during the reported month.
USD/CAD M5: 28 pips price movement by Canadian Trade Balance news event
Sergey Golubev, 2016.07.08 14:48
USD/CAD Intra-Day Fundamentals: Canada's Employment Change and 57 pips price movement
2016-07-08 12:30 GMT | [CAD - Employment Change]
[CAD - Employment Change] = Change in the number of employed people during the previous month.
"Employment was unchanged in June (0.0%). The unemployment rate
declined 0.1 percentage points to 6.8%, as the number of people
searching for work edged down. In the second quarter of 2016,
employment was little changed (+11,000 or +0.1%). This was the smallest
quarterly change in employment in two years."
USD/CAD M5: 57 pips price movement by Canada's Employment Change news event