The currency pair US Dollar to Canadian Dollar USD/CAD finished the trading week at 1.3493. The pair is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair US Dollar Canadian dollar. A drop in quotes near the level of 1.3410 is expected, from which one should expect an attempt to grow and develop a bullish tendency for a pair with a target of growth near the level of 1.3630.
Ichimoku Kinko Hyo Forecast USD/CAD on April 24 — 28, 2017
Earlier, a weak signal was generated for the sale of the pair USD US Dollar, due to the intersection of signal lines at 1.3362 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 1.3200, 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 1.3520.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
