USD/CAD has turned sharply down at the start of January and has been declining since then.
Tag - cad - canadian dollar
5 important event to follow this week!
Canadian trade balance data is scheduled for today!
The pair formed a “hammer” on W1 and is now likely to retrace to higher levels.
Sometimes it’s worth analyzing big timeframes in order to get important trading hints…
Forex market started 2019 with extremely high volatility…
What opportunities the week will give us?
Read the important updates for today!
Trade signals on December 26
On the daily chart of USD/CAD, bulls managed to reach the 127.2% and 88.6% targets of the AB=CD and "Bat" patterns.
Trading hints for December 21
With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.