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.
USD/CAD is trading in the red on the H4 chart at 1.1516. It has dropped as the Dollar Index has slipped lower from 92.35 today’s high. DXY’s further decline after the US data release could bring further drop in USD/CAD.
Technically, USD/CAD is still expected to drop despite the most recent rebound. The price has come back higher to retest the up-channel’s support, the uptrend line before dropping deeper. It remains to see how it will react after the US Unemployment Claims release.
The economic indicator is expected to drop from 400K to 382K in the previous week. Worse than expected figures could weaken the USD.
USD/CAD Technical Analysis!
USD/CAD has registered only a false breakout with great separation above the 38.2% retracement level and through the uptrend line. It is located at 1.2505 level at the time of writing below the 23.6% (1.2513) level.
The breakdown through the minor uptrend line signaled a potential decline. Dropping and stabilizing below the 1.2498 weekly pivot point may signal a broader decline.
USD/CAD’s rebound was expected after its sell-off. It has come back trying to retest the uptrend line before dropping again. The selling pressure is high as long as it stays under the descending pitchfork’s upper median line (UML).
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 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
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus