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USDCAD Descending Triangle Pattern.

USDCAD Descending Triangle Pattern.

by | May 4, 2020 | Forex Trade Ideas, USDCAD

USDCAD is trading in Descending Triangle Pattern. It may face the resistance of the trend line after giving a good rally in preceding days. But it will not able to break the trend line and its pullback from the trend line resistance. So, we might see USDCAD may take...
ANALYSIS ON USDCAD

ANALYSIS ON USDCAD

by | Apr 28, 2020 | Forex Trade Ideas, USDCAD

Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair gave a breakout from its symmetrical triangle. As per our analysis it...
USD/CAD Technical Analysis.

USD/CAD Technical Analysis.

by | Apr 28, 2020 | Forex Trade Ideas, USDCAD

Currently, USD/CAD is trading at 1.4004. The pair started a sideways trend on 21 April and now the price is consolidating in the resistance and support wedges . If the price breaks the resistance level at 1.4124, then it may touch its next resistance level at 1.4525....
USDCAD Trade On Short Side.

USDCAD Trade On Short Side.

by | Apr 27, 2020 | Forex Trade Ideas, USDCAD

USDCAD has given a good breakout from falling trendline from its top. Now it is trading in channel pattern, as you can see in the chart. Within the channel pattern, it is forming head and shoulder pattern, which is a trend reversal pattern, so we might think it will...
USDCAD Trading In Channel Pattern

USDCAD Trading In Channel Pattern

by | Apr 21, 2020 | Forex Trade Ideas, USDCAD

USDCAD is now trading in channel pattern after giving a good breakout from the falling wedge . The current price is at a 50% Fibonacci retracement level so, it might face some resistance at this level. At this level, we might see price consolidation or price breakout...