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FuturesForexClasses

USDCAD / H4 / Daily Forex Technical Analysis / 4.26.2019

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
FuturesForexClasses  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD dailyanalysis Technical Analysis Forex forexsignals forextrading forextradingzones forexanalysis forexforecast
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trendanalysis chartpattern indicator usdcad dailyanalysis technicalanalysis forex forexsignals forextrading forextradingzones forexanalysis forexforecast
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 26th, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 4 hour time frame we are looking for a minor pull back towards the 1.34606 area and see if it acts as support. If price action retraces back and the 1.34606 area holds as support, it could be an area of interest for a trade within optimal parameters, but we must see rejection at this area with bullish continuation to the upside. An entry for a Long position near the 1.34471 area, with a Stop Loss near the 1.34191, with a target of 1.35094 could ensure a profitable trade with a 2.23 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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