The Canadian dollar continues to drift this week. In the European session, USD/CAD is trading at 1.2037, down 0.08% on the day.
Canada's economy is expected to have surged ahead in the first quarter of the year. GDP grew at an impressive rate of 9.8% (YoY) in Q4. The consensus for Q1 stands at 6.8%, which would bring growth close to pre-Covid levels. These GDP...
Trading Signal:
There is a Trading Signal to Buy in USDCAD Currency Pair.
Traders can open their Buy Trades NOW
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Hello traders,
Wave C of 4 is supposed to materialise towards the resistance zone at 1.23652. Then wave 5 is supposed to materialise towards
the support zone at 1.18780.
Thanks.
💡Don't miss the great buy opportunity in USDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.20750).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound, and the beginning of an uptrend is expected.
. The...
USDCAD was in downtrend since april 2021(redline), Now it touch and close on weekly support level(blue horizontal line) . I expect to price come 1.23662 with in next weekend if it break red trend line then bullish call confirm with TP 1.50000
USDCAD Price Rejecting from price : 1.21265 many times.
And now its broken 2 times with respect to Trendline.
So its now confirmed that its BUY. May be its HUGE buy.
BUY USDCAD
TP 1 : 1.21568
TP 2 : 1.21792
TP 3: 1.22011
SL : 1.20760
Good Luck.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2080).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
