Did you read our previous report on USDCAD index? If not, click here.
We had strongly recommended,
On USDCAD Index, 50% Correction awaiting ahead because it had overbought in the previous week.
The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.
Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.
USD CAD has touched the first target 1.31954 level and going for the another one 1.30478 – 1.29520 levels.
For subscribers, the exact time for exit and what EUR USD index indicate.
Get free forex & currency ideas, chart setups, and analysis for the upcoming session: Forex Signals →
Want to get premium trading alerts on GBPUSD, EURUSD, USDINR, XAUUSD, etc., and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Forex Signals
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Research Reports, Premium screens, and much more. You΄ll quickly identify which commodities to buy, which to sell, and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.