USD/CAD: the CAD plans to storm

USD/CAD: the CAD plans to storm

Recommendations:

SELL 1.3055

SL 1.311

TP1 1.2955 TP2 1.292 TP3 1.28

On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.  The break of the support at 1.3055 will pull the pair out of the upward short-term channel and will activate the “Bat” pattern. Its 88.6% target corresponds to 1.28.

usdcad_d.png

On H1, bears are going to storm the bottom line of the upward channel. If they succeed, the AB=CD pattern with the 200% target will be implemented.

usdcad_60.png

Similar

USD/ZAR met resistance

USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera