AdrianRaymondFX

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About me I worked for 4 years as a currency analyst for Forex Capital Markets, Inc. (FXCM) in Paris, France. Focused primarily on macroeconomic developments that drive currency and metals markets, I use technical analysis to identify trade setups.
Joined France AdrianRaymondFX
Markets Allocation
100 % forex
Top Mentioned Symbols
USDCAD 100% | 1
AdrianRaymondFX AdrianRaymondFX USDCAD, D, Long ,
USDCAD: USDCAD testing long-term trend support
117 0 5
USDCAD, D Long
USDCAD testing long-term trend support

So long as USDCAD trades above 1.31 this week, there's a case to be made for a bullish reversal on this trend line support (despite the recent spike in oil prices). If prices continue falling past 1.31 without any rapid sell-off, I will probably disregard this trend line. A strong break below would expose the 1.27/28 area in the near term. I would target 1.35/36 ...

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USDCAD
U.S. Dollar/Canadian Dollar
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