0,9918. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 0,9750 support.
=> We could take a short position at 0,9920. We will put the stop loss above 0,9950 (-30 pips). The targets are 0,9840 (+80 pips) 0,9750 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
0,9940 - 0,9980
0,9900 - 0,9840