USDCAD forecast

The primary trend of USDCAD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.2270. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 1.2275 at upside then we can expect it to test the level of 1.2320/1.2370.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY:- USDCAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

Gold Forecast

The gold markets fell during the course of the week, crashing through the vital for hundred dollars level. Because of this, we feel that the market is probably going to continue lower, but we also recognize that there is going to be a significant amount of volatility, making this a market that you do not want to trade from a longer-term perspective. We believe that short-term traders will continue to dominate the marketplace, so therefore we will look to shorter-term charts for trade set ups.

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FORECAST
Gold markets fell during the session on Friday, slicing through the $1180 level. Because of this, it appears that the market is ready to continue going a bit lower, especially considering that the US dollar has broken out. A stronger US dollar should continue to put significant pressure on gold markets, and commodities in general. With that, it’s very likely that this market should continue to drift down and trying to find support somewhere near the $1160 level, or perhaps the $11,400 level. We believe that the market will probably bounce from that area.

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Crude Oil Technical Analysis and Trading Recommendations

Crude Oil Analysis: 

Analysis of crude oil for March 12, shows that the price continues downward movement and overcome the level of support S2- 100,10. Downward movement may continue with the objectives of S3- 98,16 and S4- 96,96, if the price remains below the level of 100.10. Upward correction may begin with the objectives of 102.03 and 103.23, if the price consolidates above 100.10. Rising trend line is no longer supporting the bankers on the increase, the price is below it, so now become relevant short positions. Awesome indicator shows the current downward movement since the last bar closed red. OsMA also turned down, indicating that the downward movement of the character and in the longer term. Rebound from 98.16 level could trigger a round of upward correction.

Trading recommendations: 

In the course of analyzing the movement in oil prices, we can conclude that it is now considered a warrant for sale with the aims of 98.16 and 96.96. Stop loss above exhibiting the nearest resistance level. When entering transactions in profitability in the black. If the price will bounce from 98.16, it may witness the beginning of the corrective movement, as well as turn up Awesome or OsMA (may expire). Long positions are not relevant now.