FxWirePro
Long

USD/CAD Short Term Outlook

FX:USDCAD   U.S. Dollar / Canadian Dollar
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1
USD/CAD has taken support at 1.24473 ( trend line joining 1.2364 and 1.23914) and recovered from that that level. Short term trend is bullish as long as support 1.2550 holds.

On the downside any break below 1.2550 will drag the pair further down till 1.2480/1.2440.

The pair is facing resistance around ichimoku cloud top (1.2696) and any indicative break above would extend gains till 1.2797/1.2835.

Indicators (4 Hours Chart)

CCI (50) - Buy

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Buy USD/CAD around 1.2650, SL 1.2545, Targets 1.2835/1.2900.

Comments

What do you think? Is there possibility we can hit 1.2835?
Reply
FxWirePro GASTANTheCat
S it will hit 1.2835
Reply
GASTANTheCat FxWirePro
Oh...so good news?! :D if I can ask, whats your prediction about when we can expect hitting 1.2835? Im pretty curious :D I watching your predictions and recommendations for a few days and they are the most precise ive found! Youve got it in your blood :) thank you :)
Reply
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