USD/CAD - bullish on daily, Scary on weekly

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
As pointed a week ago, USD/CAD             turned higher from near Leg D (78.6%) of Cypher on the daily chart.

The pair has completed 38.2% retracement of CD and could move to 61.8% as there is scope for further correction in WTI oil             .

Meanwhile, on the right hand side, we see weekly chart which shows head and shoulder pattern with neckline support at 1.24-1.2350 levels. A bearish break below the same would open doors for a sell off to 1.15. This is a scary scenario for CAD bears/USD bulls.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out