The currency Pair US Dollar to Canadian dollar USD/CAD is closing the trading month at 1.3663. The pair broke through Ichimoku Cloud and began to trade above its upper limit, which indicates that there is an upward trend in the pair US Dollar Canadian dollar. A test is expected near the upper boundary of the Ichimoku Cloud at 1.3560, from which one should expect an attempt at growth and development of the bullish trend for the pair US Dollar to Canadian dollar near the level of 1.4290.
Ichimoku Kinko Hyo Forecast USD/CAD for May 2017
Earlier, a medium strength signal was generated for purchases of the US dollar pair, the Canadian dollar, due to the intersection of signal lines at 1.3280 level. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.2820, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the local maximum area at 1.3870.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
