3cAnalysis - DAILY SPOT USDCAD - Wednesdays trade idea and technicals

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3cAnalysis

Steve Lucas

DAILY SPOT USDCAD - Wednesday's trade idea and technicals

Monday’s small daily Hammer at the 200 day average rate switched Tuesday’s signals to temporarily bullish. However, rather than this sentiment traded sideways inside a small range for an unchanged close, the 2nd in a row. Signals for Wednesday are similar and remain positive, but yesterday’s lack of buying creates additional caution and the call is to buy on the open and then at 1.3260, yesterday’s low with a stop loss at 1.3215, a weekly Marabuzo line in February. Targets are to 1.3299, yesterday’s high, 1.3348, the 100 day average rate and 1.3369, Friday’s top.

12/06/2019 1 EN

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3cAnalysis

3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

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Steve Lucas

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Steve Lucas

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DAILY SPOT USDCAD - Wednesday's trade idea and technicals

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

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