Will USD/CAD keep falling?

Will USD/CAD keep falling?

2019-11-11 • Updated

Trade idea

SELL 1.3240; TP1 1.3200; TP2 1.3115; SL 1.3255

On W1, USD/CAD formed last week a bearish candlestick with the long upper wick. This is a sign that traders are eager to sell the USD on its attempts to recover. On D1, the pair formed a bearish flag and then corrected up to the previous support and now resistance provided by this pattern. Yesterday the recovery slowed down ahead of the resistance line connecting January highs. The daily Awesome Oscillator is declining. USD/CAD is will likely resume its decline moving towards the lower border of the weekly rising channel targeting the 100-day MA at 1.3200 and probably even the 200-day MA at 1.3115.



Levels to trade EUR/USD

EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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