TRDVMA

USDCAD Analysis with a focus on minor timeframe

FX:USDCAD   U.S. Dollar/Canadian Dollar
27 1 1

15min chart below. Notice the wedge and volatility. The price will possibly turn lower, as there is no evident strength. Price is at the top line of the channel as shown on the chart. A possibility is even a retrace back to the lower channel line at around 1.27 levels. This I can not be sure, however I don't see any major breakout in the up direction at this moment, until somewhat the Oil             shows major drop or a surprise FED announcement. Longs shall wait, shorts may try quick in and outs. Good Trades
TRDVMA PRO
6 months ago
snapshot


here is the 15min chart
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