Technician
Long

#USDCAD at Crossroads #forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
3012 6 67
USDCAD             is retesting a potential key support area:


We might see a bounce from here, thus i would target 1.3000 as a first target for the potential bullish scenario
If we break below 1.2800 with daily closing, I would close longs and short targeting 1.2660 as an initial target.

The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at http://thefxchannel.com
My Best Regards
Technician
Trade closed: target reached: Upside remains favored..
MEGA 70% DISCOUNT ON 3 AND 6 MONTHS PACKAGES . Get it before offer expires : https://thefxchannel.com
Great one. Missed it !
Reply
Target reached too, but agree, upside is favored :)
Reply
Rocketman Piet.Hein
What happened to all the anti-dollar sentiment?
Reply
Well investors are still convinced that the u.s. economy is doing not bad and the fed will probably hike soon.
Reply
Great analysis as always. Counting waves to this one i believe that in that support zone we have wave iv completion. So i believe there is one more rally before a massive drop. Well done Technician..!
+2 Reply
Technician PRO Fxprotrader
Thanks mate. Its going as expected.
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out