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Usdcaddaily

USDCAD- Short term uptrend before going down.Based on the wave theory, I believe there will be another 5th wave impulse before we see a continues downtrend to complete the major C wave. In this regard, we may expect a short term uptrend as the market wait for good news to take the risk out of their trade. As long as there is no clear direction between US-CHINA trade war, Bombing in Saudi and other Geo-Political issues, the investors might hold the USD as a risk creeps in the market. If you have comments regarding my chart, write it down in the comments below.
Long
by kingsanjose2011
USDCAD approaching support, potential for a bounce! USDCAD is expected to drop to 1.31650 where it could potentially react off and up to 1st resistance at 1.32255. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone