If the price will not break 1.2900 than we see a upwards movement 1.3400
There is a uptrend movement. Set Entry level - 1.30975, TP - 1.31270, SL - 1.30675
BUY USDCAD as it rejected the weekly trend line and the daily trendline is broken... Buy till 1.35xx and then wait for a reversal to short all the way down again
USDCAD LONG AGAIN IN THE TREND FOR 1.35 LEVELs
Morning traders, Buying has begun like clockwork this morning. With the outlook of near-term USD strength and the risk of a setback in oil prices, we still risks skewed towards a higher usd/cad over the coming months. Aim for 1.35 in the month ahead, wishing you all a great holiday ahead. Please like and comment your ideas!
Uptrend from late 2016 should support the greenback against the Loonie. Fair value around 1.40.
USDCAD is at pre-election lows. USD has appreciated against most other major currencies - except CAD. This needs to be corrected. There is much uncertainty regarding trade agreements between Canada and USA post-Trump. There is an increasing yield differential between US and Canadian rates. USDCAD is an attractive buy at these levels.
A GAP IS NOT CLOSED YET AND THE RESISTANCE HOLD STRONG DOWN THERE SO IS HEADING UP FOR SURE SO I CAN SAY TO USE BIGGER LOT SIZE THAN USUALLY ! 1/4 RISK RATIO !
CAD is showing signs of strength, but they are all pumped up by the elections in the US. Its just a matter of time until it will start to go back up. Which colour do you think is more plausible?
Hi traders, not so much on my radar today, but i still want to share one of my short term analysis. As i've explained in the attached analysis USDCAD was at a decision point this week; now it seems to have decided to go up, this is easily understandable from my chart: we have two consecutive break of structure to the upside. This is enough to call it a bullish...
Opening : 1.3000 stoploss 1.2964 takeprofit : 1.3381 R/r ratio = 1:10.4
Will the retracement for the target transpire in this market? I'm not sure but if you can handle the risk, Why not strive for the reward? Good Luck!