The currency pair US Dollar to Canadian Dollar USD/CAD is closing the trading week at 1.3652. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Canadian dollar. The fall of quotations near the level of 1.3510 is expected, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 1.3770.
Ichimoku Kinko Hyo USD/CAD Forecast May 1 — 5, 2017
Previously, a strong signal was generated for the purchases of the pair USD/CAD, due to the crossing of signal lines at 1.3350 level. 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 1.3270, which will indicate a shift 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 1.3690.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
