The currency pair US dollar to Canadian dollar USD/CAD is trading at 1.3434. The pair broke through the Ichimoku Cloud and traded above the upper limit, indicating an upward trend in the pair US Dollar Canadian dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.3390, from which one should expect an attempt of growth and development of the bullish trend for this pair with the purpose of growth near the level of 1.3550.
Ichimoku USD/CAD Prediction on April 5, 2017
Earlier, we received a weak signal for purchases of the pair USD US Dollar, due to crossing of signal lines at the level of 1.3340. The 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 1.3310, 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 1.3460.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
