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USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1. On the D1, it was limited by the declining 50-day MA and formed a big candlestick yesterday that signals that sellers have the power to pull the prices lower. The decline below the support at 1.268...
10.02.2021
12
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125. The decline below this level will confirm a top and open the way down to 1.3100/1.3085. The outlook for buyers will improve only if USD/CAD manages to rise...
23.10.2020
10
Main / For Traders / Forex Analysis / Trading plan 09.09.202019:28 USDCAD breaks out of bearish channels Relevance up to 19:00 2020-09-10 UTC+2 USDCAD today challenged the key resistance at 1.3230. Price has broken out of the bearish channels and this is a very important trend revers...
09.09.2020
9
Main / For Traders / Forex Analysis / Trading plan 07.09.202017:33 Trading plan for USDCAD Relevance up to 17:00 2020-09-08 UTC+2 Since last week when USDCAD was challenging the upper channel boundary and our bounce target of 1.31-1.3150, we are bearish looking for a trend reversal t...
07.09.2020
17