USDCAD Indicates a Market Dip Scheme

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

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.

USDCAD Price Analysis – February 16

USDCAD indicates a scheme for a dip in an up-trending market. Following price elevation to various key levels of importance, the market is still determined to trade lower despite the prevailing bullish strength. The market picture shows the buyers’ and sellers’ mechanisms of holding price influence. An upward momentum seems to keep the market strength above old price levels as buyers maintain the price prestige.

USDCAD Key Zones:

Resistance Zones: 1.29700, 1.27870
Support Zones: 1.24480, 1.20060

USDCAD Indicates a Market Dip SchemeUSDCAD Long Term Trend: Bullish

The bear merchants were the first to invest in the market direction. The sellers broke through several pending orders in the market. From October 2020 to May 2021, the bear trend emerged when the market reached the critical zone. From this level, the bulls changed the direction of price tendency. The bullish ride waved price activity forward as it progressed along the trend line channel.

The price first emerged from the 1.24480 and 1.27870 levels of influence before retesting the trend line channel. The bulls from here continue to give way to the rise in the market till the price ultimately gets to the 1.29700 significant zone. However, the market is now accumulating near the 1.27870 level before dropping. The Stochastic Oscillator indicates that though the price is in the high region, the market forces seek to cause a dip in the uptrend market.

USDCAD Indicates a Market Dip SchemeUSDCAD Short Term Trend: Bearish

The 4-hour chart of the market shows the market diffusion of both buyers and sellers in the market. The Stochastic and Relative Volume Strength indicators suggest that the price will plunge from the uptrend phase back to the trendline and retest the 1.24480 level of significance before the bullish phase continues.

You can purchase crypto coins here: Buy coins

Note: 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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *