USD/CAD (26/1/18) *A Momentum Shift is spotted

FX:USDCAD   U.S. Dollar / Canadian Dollar
There are 2 things you need to know.

1. USDCAD's "overall trend" is still pointing to the downside.
So it is obvious that "shorting" this pair still carry a better probability

2. We have a nice Bullish looking candle in D1, it proved that there is an "immediate" trend momentum shift.
So, if you looking for a potential quick swing back, you can consider going Long with the great length of caution.

Summary, this pair may swing back up to the previous resistant levels, as a typical pullback during downtrend. I expect, it can swing back up to 1.25 level. But you have to be quick.

Trade Safe


The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out