Hi guy, the "Loonie" aka Canadian dollar is near a strong support weekly. This support is an ascending trendline which might announce a strong rebound of the Canadian dollar.
Possible scenarios:
Possible scenarios:
- USDCAD: USD on a resistance and CAD on a support = Short on USDCAD
- EURCAD: Downtrend continuation expected on the pair
- GBPCAD: Downtrend continuation expected on the pair
- NZDCAD: Bearish. Come-back on 0.8700 expected¸
- AUDCAD: Neutral
- CADJPY: Bullish
Note
What happened today is exactly what I forecasted on all CAD crossed pairs.Note
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My free forex signals in real time: bit.ly/3RTlKwZ
My track record: bit.ly/4jFJ6nj
My track record: bit.ly/4jFJ6nj
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.