TomProTrader

USDCAD: Can We Break Level That's Been Hindering Price? #Forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
682 9 11
Traders,

Looks like we have a bullish scenario here. With the 20 moving average supporting on a trend line with hidden bull divergence. I think this could be a good potential long if we manage to break that long term resistance that has been able to stop price moving higher for so long. If oil             continues down into next weeks trading, this will immediately add synergy to this trade.

For longer term investors of USDCAD             , you're going to want to secretly hope for Oil             to break below 2009 demand where USDCAD             will pick up significant points and oil             will plummet.

Best of luck,
Tom

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at least will try to break ...
+1 Reply
Yep. which is why my idea is titled with- "can we?"

Tom
Reply
IvanLabrie PRO TomProTrader
haha :p
Can we?
I think we can.
Reply
stream IvanLabrie
yes we can ..then we will fly down .. in any case
Reply
I'd rather not jump to conclusions...I trade on a per swing basis.
Reply
stream IvanLabrie
there is already break throu 1.38 , now short to 1.275 .. Good luck ..
Reply
Was looking at this one. Can be a great rally once this is broken up.
I doubt the upside in oil personally but you never know.
+1 Reply
I'm glad you doubt the upside in Oil, because I'm anticipating the downside.

Tom
+1 Reply
IvanLabrie PRO TomProTrader
You know my view on Sinopec, China, Oil...not looking good imho.
Cheers mate!
+1 Reply
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