FOREX ANALYSIS BY MARIUS GHISEA (AUGUST 10-14)

USD/CAD FORECAST

According to the daily chart, USD/CAD will be in downtrend. If the price falls under EMA 14, this will be a confirmation for downtrend. The MACD also indicates a downturn for this pair in the long term. A target can be 1.25.USDCADdaily-page-001

At this moment, price is stuck in a tight range, according to the 8 hour chart. The USD/CAD currency pair can break out of the range and fall under 1.3040. The MACD on 8 hour chart indicates also this downtrend.

USDCAD 8 h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
Rate this post:
(No Ratings Yet)
Loading...

  Recommended by ProfitF

Forex Broker | Binary Broker | ForexVPS | FX-Signals | BO-signals

FBS-profitF

Improve Your Trading Skills - Don't miss our new posts!

---