Be it a clear downside break of the 10-week-old ascending trend line or sustained trading below the 200-SMA, not to forget the latest fall below one-week-long rising trend line, USDCAD has it all to keep its place on the bear’s radar. The quote’s further downside, however, hinges on the Bank of Canada (BoC) monetary policy decision and the US Consumer Price Index...
USDCAD is tarding beloow 1 H and 4 H EMA(200)
iN DOWN TRAND .Now making bearish risIng chanal
AND just touch 1 H ema(200).
Once if it make beraish candlsrick pattern near 1 H EMA(200)
It may fall sharply
EDUCATIONAL PURPOSE ONLY
USDCAD buy preference above lows and above 1.3550.
This is price action and still one hour before US opening hours so consider that voltility it will be a factor today for information about employment.
Market is holding into dollar at this levels
Trading Ideas-
Short positions below 1.3863 with targets at 1.3204 & 1.2955
Alternative scenario
If price sustain above 1.3863 look for 1.3985 & 1.4226 as targets.
Supports and resistances
1.3204 & 1.2955
1.3985 & 1.4226
USDCAD is below 1.36 pushing sellers to 1.3550 and 1.3540 with extention to 1.3530.
All this lows have high buy potencial.
I suggest to wait on buyers and attention to get stuck with a short at this lows.
EURUSD is holding buyers above 1.08, waiting more information. IF above 1.0830 all buyers back to TP 1.0850
Sell expected below 1.0815 to 1.08, below 1.08 all sellers back
IF above 1.0830 all buyers back to TP 1.0850
GBPUSD is holding buyers above 1.23, waiting sellers below 1.23 to 1.2290 below 1.2290 sellers back to 1.2260 and 1.2250
IF above 1.2340 possible buy...
