TRDVMA

USDCAD Not Ripe for Long Entry. Stay on the sideline.

FX:USDCAD   U.S. Dollar / Canadian Dollar
The initial 5 wave move is almost nearing the end while BB indicator (on chart) is overbought. Also there is a strong resistance (red line) to surpass. All these considered, I would suggest to keep away from buying long into USDCAD for a while. Today's rally is just a reaction to S&P equity dump and most likely will be short lived. There will be good opportunity to jump in long shortly.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out