The USD/CAD has framed a bearish zi-zoom with clear dismissals as appeared in the diagram. In the event that the value makes a pullback towards the POC zone, we may see another short moving weight.

The POC zone 1.3195-1.3210 ought to give a dismissal if the value makes a retracement in the zone. Now, the cost is amidst no place, and the best is to hold up quietly. The pattern is bearish with various value focuses which make the Point Of Confluence. Targets are 1.3110 and 1.3080.

Just a break over the diving trendline could influence bears to lose the steam and put the pair into an unbiased area.

USD/CAD Daily Analysis,February 25-2019.

PENDING ORDER BUY  USD/CAD@ 1.3146       SL:  1. 3123              TP1: 1.3161     TP2: 1.3176     TP3: 1.3191

PENDING ORDER SELL  USD/CAD @ 1.3117     SL:  1.3140              TP1: 1.3102     TP2: 1.3087     TP3: 1.3072

usdcad daily analysis

John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.