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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD forming a bottom?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3700. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3725 will confirm the bullish momentum. We look to Buy at 1.3700 (stop at 1.3676) Our profit targets will be 1.3760 and 1.3775 Resistance: 1.3725 / 1.3740 / 1.3750 Support: 1.3700 / 1.3680 / 1.3675 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCAD - 4hrs ( Sell Trade Target Range 120 PIP ) Pair Name : USD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 1.37000 Area Reasons - Major Turn level - Visible range Hvn - inner Channel Break - Day / week low - Fixed Range Hvn Bullish Reversal 1.36000 Area Reasons - Major Turn level - Visible Range HVN - Fixed Range Lvn - Quarters Area - Fibo Golden - Major Choch
Short
by GoldenEngine
1