Get started

Usdcadsignal

USDCAD TA 1/7/19 SHORT to 1.28 updateUSD/CAD has broken through the ascending trend line. This is still looking like a great short. Im still personally waiting for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28 You could take a long right now but I am currently in some amazing trades so I am going to be patient and wait for a better set up Target : 1.28 Let me know what you think!
Short
by Layne_LV
USDCAD: Retesting Previous Setup PostedUSDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Upward momentum slowing - Price at Resistance Trend-Line (since June 18) - Stochastic Overbought momentum - Fundamentally, Canada's data is still strong, and Canada being a commodity currency was hit when oil price fell drastically, however, our view is that oil price has stabilize around this levels and this would provide a stop from USDCAD from weakening further. Suggested Trade: Entry @ Area of Interest 1.3200 - 1.3250 SL: 1.3318 TP: 1.3027 RR: Approx. 2.13 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
USDCAD OUTLOOK USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) and the 1-hour cycle is bullish against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair and prefer staying long from 1.297 equal legs area with a risk free trade. BUY USDCAD @1.3100/1.3120 target: 1.3300 Stop loss: 1.3050 Good luck !
Long
by Forextuitions