USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
USD/CAD: 55 Moving Average acting as support
2019-11-11 • Updated
The 55 Moving Average is acting as support, so there's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case, the pair is likely going to reach the previously tested resistance at 1.3446. If a pullback from this level happens next, the price is likely going to test the 55 Moving Average once again.
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USD/CAD trade is in profit
USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips.
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