1 year agoTrade Started..
1 year ago
1 year ago
USDCAD 1Hour Signal Chart
Follow signal progress on the chart below.
US Dollar vs Canadian pair, Has surged higher during the Asian session early this morning. With the pair gaining nearly 12 pips, it continue’s to move down in a strong BEARISH trend as it did in the past days ( view Daily chart below ).
On the other hand, USDCAD is holding well above the long term 200 days simple moving average (thats why we dont recommend any long trades on the USDCAD for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BEARISH trend.
CONCLUSION: As per above general BEARISH trend; Only Short trades to be considered following completion of any counter trend rising correction on the 60-minute chart.
🔻 Sell Signal Details
|Time||Th 2017.10.12 05:02|
|1s TP @|
|2nd TP @|
(Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) on the 60-minute chart,