Technical Analysis

Forex Market Update – USDCAD Can Buyers Continue After Their Rest?

Forex Market Update – USDCAD Can Buyers Continue After Their Rest?

It looks likes buyers are taking a rest( creation of flag ) after the “1st Impulsive Wave”. If the move up continues, buying the flag breakout is not a bad idea. The move up is likely to test the “High” with a possible extension to the 0.27 fib. level. 6.1.8. Family.

Forex Market Update

In Other View Point – USDCAD – Buy, and don’t miss the SELL

Good Morning Traders. Hope you have a nice weekend and preparing for Christmas. Scroll down for trade setup. If you take a look at the daily chart, you would see that, there is a huge impulse down & all the current sideways movement are corrections. So definitely there will be another impulse down again. We will try to post a sell setup when we see it so you would not miss the trade. Trade with care.

Forex Market Update

In Another View point – USDCAD: can this be a clue for OIL?

In the week chart, we are expecting USDCAD will drop down to 1.137 around. But this will take at least 4month to go. In this chart, there are double certain that USDCAD cant make any higher than 1.35. Redline and yellow channel both broke. Can this be a clue to oil’s movement? Lets see!

Forex Market Update

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Mohammmad Riad

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