USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3339 (50% Fibonacci retracement ).

Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

If you would like the pivots for all pairs and our Forager Robot execution tool, please join our Strategic Access Group at https://www.globalfxtradinggroup.com/sag. Steve moderates that group as well and I participate daily…

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency #traders #pip

babypips currency daytrader ea financialfreedom forex forexcourse forexdaily forexentourage forexfactory forexfamily forexgroup forexhelp forexhelptrading forexlife forexmoney forexscalping forexsignals forexsigns forextrade forextrader forextrading fx scalper swingtrader theforexarmy
Jeff Wecker
Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group