Potentially forming a bullish bat pattern
Hey Forex Traders! Exciting news! The USDCAD pair is potentially forming a bullish bat pattern near a robust demand zone at 1.35500. This is a great opportunity for us to dive in and make some profits! Let’s take a closer look at the current market conditions. The USDCAD pair has been in a downtrend, but […]
USD/CAD – The pair stays within the bearish flag pattern
The USD/CAD pair is consolidating in the bullish corrective phase. The buyers look too thin to hold and may be dominated by the sellers again. The pair stays within the bearish flag pattern and is on the verge of a bearish breakout. The 100-day moving average could hamper the path of bears. The 200-day SMA […]
USD/CAD – Will the flag pattern stay valid?
The USD/CAD price maintains a bullish bias after finding strong support at 1.3521. The pair is now standing around a key resistance level at 1.3700. The pair is eying Canadian GDP and US Core PCE Index data to find further fresh impetus. The daily chart shows further rising prospects as the 20-day, and 50-day SMAs […]
