USDCAD 1Hour Signal Chart

Follow signal progress on the chart below.

US Dollar vs Canadian 60 minute chart (click on chart to zoom)

USDCAD Comment

Good morning , This is our view regarding the US Dollar vs Canadian pair, following the late Asian session today Thursday October the 12th. By: Tom Parker – 4xquant.com


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.

πŸ”» Sell Signal Details

Time Th 2017.10.12 05:02
Pair USDCAD
Sell@ πŸ”» 1.2459
Stop @

None Re-check for Update!

1s TP @

None Re-check for Update!

2nd TP @

No 2nd TP!

US Dollar vs Canadian Sell signal information table


USDCAD Chart

USDCAD Daily Live Chart


(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,
A Short signal is available now for review on the right
)

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