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As we noticed, the Canadian is rising very strongly, so after any violent bearish rise, a re-correction must be made.
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the...
Last week The pair broke 1.3260 resistance and manage to hit 2nd resistance 1.3420, Currently Pair back at the support level 1.3250 holding Bullish momentum.USD/CAD continues to pressure the immediate upside obstacles signaling strong buyers. A valid breakout could bring a long opportunity. The price is bullish and it tries to capture more bullish energy before...
As you can see it is a pair that we can determine its movement very easily, if you look at the analysis, it is a pair that constantly moves through triangular patterns (ascending, descending and symmetrical).
We expect a bullish movement during the next few days.
To determine the input we will base ourselves on some triangle pattern that is formed at...
Usd / Cad chance to drop 100pips!
In the last analysis I described USD / CAD is under the downward trendline.
during the week the price has been directly below the trendline and has broken the validation line to sell.
then I will run my trading plan to start selling with SL and TP according to the picture.
Dear friends, in my previous USD/CAD idea, I mentioned about
buying it. At that time price was at 1.3189
As you can see, whoever bought at that time easily made 220+ pips profit.
Currently, USD/CAD has faced a rejection at the 100-day EMA and a bearish
The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout.
Now, it has taken down a bearish trendline as well.
Hence, we expect the pair to be bullish in the short-term.