Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.1900, 1.1800, 1.1700
USD/CAD Price Long-term Trend: Ranging
USD/CAD is in a range-bound move since May 10. The currency pair has rebounded to break above the 21-day SMA. The pair will resume an uptrend if price breaks above the 50-day SMA. The market is presently fluctuating between levels 1.2040 and 1.2200. The trend will resume if the range-bound levels are breached.
Daily Chart Indicators Reading:
USD/CAD is at level 44 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are pointing downward indicating the downtrend.
USD/CAD Medium-term Trend: Ranging
On the 4-hour chart, the USD/CAD is trading in a horizontal channel. The pair is fluctuating between levels 1.2020 and 1.2130. Buyers have retested the resistance level on five occasions without breaking it. The bears have retested the support level a good number of times but the bulls have the upper hand. In the meantime, the pair is rising upward.
4-hour Chart Indicators Reading
USD/CAD is above the 50% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways move.
General Outlook for USD/CAD
USD/CAD pair is in a sideways trend. The currency pair is rising to retest the resistance level. Since May 10, the currency pair is yet to trend. The range-bound move will continue if the key levels remain unbroken.
You can purchase crypto coins here: Buy Coins
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
