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: Bearish
USD/CAD is presently rising on the upside. Since May 10, the pair has been fluctuating between levels 1.2050 and 1.2200. Today the upward move is facing resistance at the 21-day SMA. On the upside, if price breaks above the moving averages, the uptrend will resume. The downtrend will resume if price breaks below level 1.2050..
Daily Chart Indicators Reading:
The moving averages are sloping downward indicating the downtrend. USD/CAD has risen to level 41 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone below the centerline 50.
USD/CAD Medium-term Trend: Bearish
On the 4-hour chart, the USD/CAD is fluctuating. The market is fluctuating in a range between levels 1.2050 and 1.2200. Today, the price has broken above SMAs to reach 1.2160. The upward move is facing rejection at the recent high. The current price fluctuation has been ongoing for two weeks.
4-hour Chart Indicators Reading
USD/CAD is above the 80% range of the daily stochastic. It indicates that the pair has reached the overbought region of the market. Sellers will emerge to push prices down. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.
General Outlook for USD/CAD
USD/CAD pair has been in a sideways trend. The selling pressure will resume if price breaks below level 1.2050 support. Similarly, the uptrend will resume if price breaks above the SMAs and the bullish momentum is sustained.
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
- Min Deposit
- 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
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- 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