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U.S. Dollar / Canadian Dollar
Updated

USDCAD trading signals

170
SELL USDCAD signal at the Fibonacci 1.618 resistance zone around 1.38500 to catch the recovery of wave 4 according to the Elliot wave model. The recovery point can be at the Fibonacci 1.0 zone, which coincides with the critical point of EMA 34.
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USD/CAD stalls below 1.3850 with downside attempts limited
The Dollar remains capped below 1.3850 with the upside bias intact. A moderate rebound in Oil prices has given some support to the CAD earlier today. USD/CAD remains bullish, with the support area above 1.3800 holding bears for now.
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Technical IndicatorstradingtradingsignalsTrend AnalysisWave Analysis
TVS-Trader
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1

MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.