FxWirePro
Long

USD/CAD Daily Outlook

FX:USDCAD   U.S. Dollar/Canadian Dollar
103 1 1
USD/CAD             has recovered after making low of 1.16038. Overall trend is bullish as long 1.1600 support holds.
On the downside break below 1.1600 will take the pair to 1.1550/1.1500 in short term. The pairs minor resistance is around 1.1665 and any indicative break above would extend gain to 1.1742 (161.8% retracement of 1.16724 and 1.15589).
The minor is around 1.1626 (50 day Hourly EMA).

Indicators (1 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendations: Buy USD/CAD             around 1.1640, SL 1.1625,Target 1.16725/1.1742
ghuri
2 years ago
can you please also add the entry levels, stop loss and opened and closed Profit and Loss as well as Risk%
Reply
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