1 Attachment(s)
Technical & Theoretical Analysis for USD/CAD
Technical and Theoretical analysis for USD/CAD:
Attachment 14720
The chart is with 4H time frame and analysis is with zigzag indicator based, from chart we may get clear idea about it that the pair was not a solo directional movement that it was so much volatile since last few weeks and I think it is too tough job to get a solo direction because every week we can see some effective news about CAD thats why that pair is too much volatile.
According to previous trend it may clear that the pair is on downtrend and there is also a support with 1.2739 and if it can cross it then it may go down more.
I think this pair will be better for short term trader who wants to get little bit profit with short time. I think you all understand what I mean that.
@>-@>-Happy trading