Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2477. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar/Canadian Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near 1.2460, from which it is expected to rebound and continue the development of the bullish trend with a target at 1.2540. An additional signal in favor of the growth of the pair is the support level test.
Canadian Dollar forecast USD/CAD on October 16, 2017
Earlier, a weak signal was received for the sell of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2525. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 1.2430, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the pair is with the breakdown of the upper boundary of the Cloud and the closing above the level of 1.2570.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
