Technical analysis prediction for the 1st of august 2018

Instrument : usd cad

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position : Long position

price prediction : 1.3150


weekly chart


Daily chart


usd cad mkt trend is strong bullish bias, technical view on the weekly chart suggest a strong bullish trend in the long term speculation, Ema signal is uptrend, Rsi (59.09), Macd signal is uptrend while on the daily chart view, mkt trend remains strongly bullish bias and rise above dynamic resistance level towards 1.3150 level could be likely in the coming months, Ema signal is uptrend, Rsi 60.19), Macd signal is uptrend and prediction for the 1st of august is 1.3150
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