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hercule5000
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100 % forex
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OANDA:USDCAD 67% | 2 FX:USDCAD 33% | 1
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chartpattern daily fed hike trendanalysis usdcad weekly Less Tags Show All Tags
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TP1 @1.30
USDCAD
, 1DLong
USDCAD: TP1 @1.30
Updated 

A new higher high has been reached during the current session. 1.2815 new support. TP1 @1.30

One last drop before the big push.
USDCAD
, 1WShort
USDCAD: One last drop before the big push.
Updated 

It's kinda obvious for me that the USD will dominate CAD during the following months. With the increasing probability of 4 rate hikes from the FED and sluggish oil prices, I see nothing but weakness from CAD. Long term trendline approching, placed short entry at 1.32, SL at 1.33, TP at 1.28 (old resistance now found as support). Since the long term trendline...

Rejected at 1.3, back to 1.27
USDCAD
, 1WShort
USDCAD: Rejected at 1.3, back to 1.27
Updated 

Nice shooting star on weekly. Rejected at 1.3, feels like false break. Weekly trend still down in my opinion.

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