USDCAD Analysis
USDCAD starts to bounce back from the higher low zone.
A Big bullish Engulfing Candle closed above the highs of last (previous) 2 bear candles. This confirms the Buyers Pressure.
After the confirmation of this Engulfing candle, USDCAD Buy signal is given.
USDCAD market has gone down and covered up the bullish engulfing candle and also broken the higher low zone of the Uptrend line which reaches the stop-loss price.
But, still, USDCAD is moving in a parallel channel range. wait for the breakout from this parallel channel range to see big movements on USDCAD.
Get Each forex signal with Chart Analysis and Reason for buying or selling the trade which helps you to Trade with confidence on your trading account.
Want to boost your profits? Get more trading signals at premium or supreme signal plan at an accurate time. Try now: forexgdp.com/forex-signals/
