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TrollTrading

USDCAD short term: buy

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TrollTrading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns USDCAD usdcadlong usdcadforecast usdcadanalysis usdcadsetup
3
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trendanalysis chartpattern usdcad usdcadlong usdcadforecast usdcadanalysis usdcadsetup
The last time the pair fell to area 1.130xx area was back in 31 Jul 2019, where it was rejected. Projecting the same outcome, we have aligned a fib retracement to that price level and suggest taking short term long positions on the the upside swing. The CCI is oversold on the daily chart, which implies that a correction is in order soon. We suggest swinging up towards the 1.316xx area for pragmatic traders, and up to 1.322xx area for the more adventurous ones.

Skrrt Skrrt Esketit.

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