Forex

USD CAD Moving towards 1.27

USD CAD was on uptrend till 2016 start but since then has shown a down trend which is expected to continue. Long term trend reversal can be seen on daily weekly and monthly charts on USD CAD. On daily chart it is confirmed by the Momentum indicator exactly at 100 and moving average coinciding with the price suggesting trend reversal.

Open: 1.3150
Take profit 1: 1.2950
Take Profit 2: 1.2720
Stop loss : 1.3290

Weekly chart confirms the down trend.

 

 

 

 

 

 

Monthly chart also confirms the down trend and long term reversal

No Comments Found

Leave a Reply