USDCAD at top side resistance

By velmunis
Updated
USDCAD
CAD pairs are mostly influenced by the price movements in oil market

*USDCAD has break the major resistance zone 1.41000 and run up to 1.46800 and stalled

*The upward trend-line was broken in One hour chart

*We can expect short term fall back as its in overbought condition

*We can enter at the 1.44700 level which is 78.6% Fibonacci level

*Potential take profit will be 1.41750 which is 50.0 % Fibonacci level

*In between this level there is major deciding level is there which is 6.8% Fibonacci

* Leave your valuable comments below


Trade active
Our primary entry got triggered now
Trade closed: stop reached
Trade closed manually
wrongly updated..even before its reaching our entry point it has reached the target level
Chart PatternsTrend AnalysisUSDCADusdcadanalysisusdcadforecastusdcadideausdcadsellusdcadsetupusdcadshortusdcadsignal
velmunis

Related publications

Disclaimer