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11:42
Forex Forecast USDCAD trading recommendations today 04/02/2020

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Technical review of the recommendations of the forex forecast pair USDCAD 02.04.2020

 

USDCAD The pair gradually reduced to crude oil prices the wake of strong growth, which added more than 10%. Positive opening of trading in Europe, as well as the positive dynamics of futures on US stock indexes may support further local decrease in pair. In general, we expect that in the near future currency market will mark the lateral dynamics of USDCAD pair.

 

 

 

The technical picture USDCAD:

The price is below the middle line of the Bollinger indicator below the SMA 14. SMA 5 and removals by its intersection gives a sell signal. Relative Strength Index RSI has crossed the level of 50% and declining. Stoch also falling steadily.

 

Recommendations for USDCAD traders trade:

In our view, traders should sell the pair USDCAD 1.4060 level after the intersection with the local purpose 1.3930.

See rate USDCAD online

 

Analytics Grand Capital

 

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.

 

 

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