USDCAD - Buy at 1.2690 and 1.2666 (stop 1.2625), Thursday

FX:USDCAD   U.S. Dollar / Canadian Dollar
This week's positive call has been confirmed with yesterday's move to our 2nd upside target. The most bullish levels for 8 weeks have been reached with the market consolidating above the 100 day mvg avg . Overbought extremes are a concern, as is the proximity of the 200 day line. But our studies are bullish and so, our call for this morning is a Buy from 7am but leaving room to also Buy any Dip to 1.2666. The risk is 1.2625, yesterday's low, with an immediate target of 1.2715. A move through that point then exposes sentiment to 1.2742 and 1.2770.
Trade active: Only triggered first buy signals but 2nd target, 1.2742, met. Potential to 1.2770 but stop now a tight 1.2705
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out