Usdcaddaily
USDCAD - UPDATEANALYSIS ON USDCAD
Welcome to my analysis
-
30 Min Chart
-
Interesting Point of interest In the USDCAD pair.
- Price below 200 day EMA on 30min chart.
- watch red and green horizontal ray lines for sell.
- MACD showing bearish divergence on 15min time frame.
- Watch out as we could have one more pullback before going down
Expecting more move to the downside for now.
Stay Tuned
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.32941 where it could potentially drop further to 1.32385.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD- Short term uptrend before going down.Based on the wave theory, I believe there will be another 5th wave impulse before we see a continues downtrend to complete the major C wave.
In this regard, we may expect a short term uptrend as the market wait for good news to take the risk out of their trade. As long as there is no clear direction between US-CHINA
trade war, Bombing in Saudi and other Geo-Political issues, the investors might hold the USD as a risk creeps in the market.
If you have comments regarding my chart, write it down in the comments below.