0,9884. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,9900. The downtrend should continue to gather momentum.
=> We could take a short position at 0,9890. We will put the stop loss above 0,9920 (-30 pips). The targets are 0,9830 (+60 pips) 0,9800 (+90 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
0,9900 - 0,9940
0,9860 - 0,9830