Dollar Canadian Tags Monthly Trendline

Morning dynamic traders, below is a monthly USDCAD chart showing a resistance trendine. We covered situations like this on the dynamic trader webinars and as a result please put this forex pair on your watch list unless you are an aggressive dynamic trader in which case you will have taken a short position on the day after September 11th.



Advanced GET USDCAD Monthly Chart.

The USDCAD daily chart below shows price has touched the MOB and tagged 886 with a reversal candle followed by about a 150 pip drop. Above the MOB we have a resistance zone and at the pivot low we have a support level.

Watch this pair for a breakout / breakdown opportunity and at that time confirm the break with our usual confluence of events.



Advanced GET USDCAD Daily Chart.

Good trading...

Javid Shaik
Forex Analyst