Breaks above topside trend line The USDCAD has moved to new 3 week highs and in the process has moved above a topside trend line
Hi traders, may be nearing a complex pattern within the higher degree wave B), with the current rally from 1.3158 representing sub-wave C) of Y).
Daily Pivots: (S1) 1.3133; (P) 1.3196; (R1) 1.3232; More… USD/CAD’s breach of 1.3258 suggests that rebound from 1.3063 has
The pair accelerated higher on Thursday and cracked important barrier at 1.3261 (Fibo 61.8% of 1.3386/1.3064 pullback) where upside
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s USD/CAD Signals Risk 0.75% per trade. Trades must be taken
Dollar/CAD moved higher in a week that saw lots of ups and down on the BOC decision and Trump’s new China tariffs. What’s next? Inflation and
USD/CAD’s retreat from 1.3385 extended to 1.3063 and breached 1.3067 but rebounded quickly. But such rebound lost momentum after
Daily Pivots: (S1) 1.3131; (P) 1.3175; (R1) 1.3200; More… USD/CAD retreated after hitting 1.3216 and intraday bias is turned
Tested 50% and backed off The BOC tightened yesterday and implied “gradual” hikes (whatever that means), but the CAD was caught in a USD run
Yesterday’s signals could have produced a long trade entry following the break of the very large bullish pin candlestick which rejected the support level at