fuse-forex
Short

Consolidation likely for USDCAD with bias for the downside.

FX:USDCAD   U.S. Dollar / Canadian Dollar
48 0 10
Pair sits in a tight range and the USD continues to hold a bearish bias. Since oil             has been such a hot topic, and is often correlated with CAD strength, we do think this pair is headed for 1.28 over the coming weeks. This is in conjunction with the fact that oil             prices have stabilized considerably over the past few weeks. A far reaching call from a lot of major sources that were predicting prices as low as $15 a barrel for the year. Major resistance comes in at 1.3174 with the Daily 200EMA but moving into London we expect price short term to be capped at 1.3115 and back into support around 1.2970.
Comment: Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice.
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
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