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USDCAD trend

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USDCAD trend

Postby tayalsmith » Mon Sep 28, 2015 7:13 am

The primary trend of USDCAD is bullish on charts. In its hourly chart, the pair is not sustaining at lower levels and bouncing back to continue its up-trend. Prices are consolidating with strong positive bias and its 200 DMA is also supporting the further up-trend. If it breaks its resistance level of 1.3355 & sustains above it then it is expected to show further bullish movement in next few days.

INDICATORS:-
RSI is sustaining in buying territory, supporting the upside movement in the market.

STRATEGY:- USDCAD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
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Re: USDCAD trend

Postby Jan Schoemaker » Mon Feb 05, 2018 4:00 pm

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Re: USDCAD trend

Postby Joy Bahadur » Fri Feb 16, 2018 6:20 pm

I mostly trade with USDJPY and EURNZD-great liquidity and spreads on them. But sometimes news can lead to me opening trades on USDINR or AUDJPY-when I can be confident enough.
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Re: USDCAD trend

Postby Sininfinity » Sat Feb 24, 2018 7:03 am

I think USD/CAD is going to make higher highs and higher lows in coming days. Though there is a reversal candle formed on daily chart but if I had to choose a side then it would be bullish.
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