newbie2016
Long

USDCAD Reversal in Trend.

FX:USDCAD   U.S. Dollar/Canadian Dollar
240 0 17
Potential Double Bottom formation on 4hr and Daily chart is in process.

As far as prices are above 1.28, A jump towards 1.40 is likely.

Oil             fallen below Daily Rising Trendline .

Comment: Oil chart.

snapshot
Comment: There is a possibility of break of double bottom today.. trade with care at your own risk..!!!
Comment: As said earlier.. we can see break of double bottom.. so market plunged down and tested lows of 1.28.. and jumped up..

I will remain bullish on usdcad untill and unless we see daily close below 1.28. Daily close below 1.28 would suggest renewed downtrend and uptrend in oil.
Comment: Simple structure... no need to mention anything..

snapshot
Comment: Daily close above 1.318 with break of 1.322 will be very positive for usdcad bulls that can potentially lead for 1.34 and 1.37
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out