USD/CAD Analysis - page 6
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The retracement to the 1.3200 level on the USDCAD may be short-lived and the pair may continue lower.
There's a distinct hammer candlestick on the four-hour time-frame, it is likely it will continue moving to the upside towards 1.3140, maybe even 1.3180.
.
The pair is testing 1.3000 again and I think this time it will succeed breaking below that level and continuing towards 1.2940.
The bearish trend stays in place on the USDCAD, but a pullback to the 1.2900 level could cause the zone to act as resistance. The 1.2700 could be support.
The pair might be forming a double top at the 1.2900 level, and I think it may start moving to the downside again.
I’m having a little loss right now, but I think I’ll close the deal with profit.
There is a bullish trend developing on USD/CAD pair.
The pair has almost reached the support at 1.2660. Even if it breaks below that support first there will likely be a retracement first. I for one will be opening longs soon.
Looking to sell around 1.29.
The pair broke below 1.2650, the next immediate target is at 1.2600, but I think we will see it fall much lower than that level in the coming weeks. I initially thought we would see some retracement once it reached 1.2660, but apparently the bearish trend is still too strong.