USDCAD. The price of the dollar will fall.Hello dear subscribers!
The price of the dollar continues to fall.
The price has broken through a key level,
and this is a sell signal.
Because the price should fall to the support level,
the target is there.
Good luck to you.
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This idea does not provide the financial advice.
Forex-usdcad
USD/CAD Korrektur und wieder Sell fortsetzung?Dieses Paar hat die letzten Wochen schön gearbeitet, aktuell sehen wir eine Korrektur der letzten Verkaufsbewegung.
Hier sehe ich erstmal 2 Szenarien als wahrscheinlich um den Trend Fortzusetzen. Der Aktuelle Reaktionsbereich entscheidet ob wir nochmal weiter buy gehen oder ob die Korrektur ausreicht und wir uns in Richtung Gap close fortbewegen werden.
USDCAD. The price will rise to the resistance line.Hello dear subscribers!
The price of the dollar will rise.
However, I highlighted the buy zone at the very bottom,
it is likely that there the price may still fall.
The target is below the resistance line.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
USD/CAD shows serious signs of weaknessThe USD/CAD just made a strong rejection at a long-term lower high. Because of this failure, I'm expecting at least a return to the 50-line (average) marked on the chart by the purple line. Recent strength in commodity currencies (NOR/CAD/AUD/NZD) provides confluence for this.
> Numerous factors suggest that commodity-currencies (NOR/CAD/AUD/NZD) will do well against the USD and EUR for the foreseeable future:
1. Oil (CL) is at multi-year lows, trading as of this writing (April 2020) at around $20. This is likely a bottom. Countries which depend on Oil cannot sustain these oil prices.
2. The ECB and Fed. Reserve are pumping in MASSIVE amounts of liquidity to stabilize the credit markets (bonds/repo/etc.). All of this is only inflation. There's no economy to speak of at this time. And suggests that these currencies will face serious devaluation.
usdcadWith the rise in oil prices, the Canadian dollar will be strengthened
Technically, we might see a drop after breaking the triangle on the chart
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Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.