FX:USDCAD   U.S. Dollar / Canadian Dollar
Good afternoon traders,

Looking at an interesting setup in US dollar versus Canadian dollar with a triple top forming around 1.34 with a third attempt to trade above that level failing and pointing to a pull back lower for the pair. More recently we just had slightly weaker than expected Manufacturing data from Canada which failed to give any real boost to US dollar suggesting we may have ran out of steam at this resistance level .

That view is confirmed when we take a look at various other technical indicators including volumes, bollinger bands , rsi and, as per our trading view chart for this pair- the stochastic data also turning over and pointing to the pair heading lower.

As always this is not a trade recommendation and simply technical observation.

Good luck trading

from the Team at forexTrdr

find us on instagram, twitter and Alexa flash briefings
Trade active: Take profit 1 and 2 hit. Running with profits locked in
Trade closed: target reached


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out