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EliteTradingSignals

USD/CAD BULLISH BIAS RIGHT NOW| LONG

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
EliteTradingSignals  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns Wave Analysis USDCAD LONG buy trading Bullish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis usdcad long buy trading bullish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

USD/CAD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 7H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.340 area.

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