USD/CAD Forecast October 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 04 October 2016 08:37 UTC
The USD/CAD pair initially fell during the day on Monday but turned right back around to form a nice-looking hammer. This was mainly due to the fact that the oil markets got a little bit of a jolt early, but gave back most of the gains. I believe this point in time that we will continue to grind higher, and a break above the hammer would be a bullish sign, and pullbacks at this point in time should be buying opportunities going forward as the US dollar continues to strengthen overall in the Forex world.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.