JamesKabyemela
Short

The 3rd and last push down before USDCAD resumes back north.

FX:USDCAD   U.S. Dollar / Canadian Dollar
As Illustrated on the chart, the market would probably go short after it retraces back at the prices between 1.26446-1.26706, looking for the support area . Backed up with the moving averages as they move close to each other, indicating the possibility of a crossover down.
Normally when the market trends, It tends to move in waves of ABCD . Now the market is trying to form a point C to make a big move down to 1.24939. The possibility of this happening today is quite high due to economic news that will be getting announced later today.
NB: Economic news usually act as a catalyst.
Three major impact news on USD and CAD. The trade balance of each country's economy and the unemployment claims in the US which could weaken the USD.
This analysis is opened minded, let's wait and see how the market will play out :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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