#USDCAD: Price is constantly making new lows within the falling wedge. Expectations are for price to go further down. For now rallies should be used to get into shorts with a target of 1.2525. A close above 1.2760 will negate the bearish bias
#USDCAD: Price broke through the bottom of the channel. 3 months of sideways action & the bears are ready to take price lower to test the 1.2600 level. More buyers are seen @ 1.2550 where price is expected to bounce
USD/CAD has developed a nice bearish momentum after breaking the 4h timeframe trendline (around 1.30000). We are also in a descending channel on daily timeframe so the overall bias on the Loonie is bearish. The price has made a huge drop all the way to the 1.2920 area where it has found support. With the move to the downside yestersterday we have also broken the...
ECB's manipulations exposed.
"Central banks manipulate rates". Yeah, everyone in business have heard this mantra.
Although many have misconceptions about central bank manipulations, it is a fact! And I have good news: IT IS POSSIBLE TO SEE THEM MESSING WITH THE MARKET.
It's all in charts. Prices don't lie. Everybody can see it!
The only thing required is proper...
Right now price is correcting (on 4h basis) within an upward correction (daily basis) in direction of the downtrend line (on weekly basis). The idea is to trade what could be a final wave up before reaching the trend line.
Watching for a proper price action on bounce area .
Please, share a LIKE to show support.
Happy trading!
A five-cent range may serve for a change of direction on daily basis. If that is the case, the price would seek the falling trendline (blue-traced line).
Happy trading!
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