FUND Sell 21.01.2021 09:55
USD/CAD: downward trend
The pair is showing a downtrend, trading at 1.2614.
TECH Sell 20.01.2021 08:47
USD/CAD: wave analysis
The pair is in a correction, a fall is possible.
On the daily chart, the downward wave of the higher level (C) of 4 develops, within which the fifth wave 5 of (C) form. Now, the third wave of the lower level iii of 5 has developed, and a local correction is ending to form as the wave iv of 5. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.2550–1.2400. In this scenario, critical stop loss level is 1.2954.
FUND Buy 19.01.2021 08:38
USD/CAD: the instrument shows flat trades
Today, during the Asian session, the USD/CAD pair is declining, offsetting yesterday's growth, which allowed renewing local highs since January 11.
FUND Sell 12.01.2021 12:39
USD/CAD: the pair resumed its decline
The USD/CAD pair started the week with growth towards 1.2830.
TECH Buy 11.01.2021 10:27
USD/CAD: technical analysis
On the H4 chart, there is a change from the downtrend to the uptrend. The instrument is testing the upper border of Bollinger Bands for a breakout; the indicator cloud is expanding, the preservation of the uptrend is likely in the short term. The MACD histogram is at the zero level, its volumes are minimal; the signal line reversed upwards, a sell signal lost its relevance. Stochastic is crossing the overbought zone from below, forming a signal to open buy positions.