When looking at USD/CAD, I saw a Buy opportunity. In daily time frame we can see higher high and higher low. Price also crossed the 200 MA. Which clearly indicates it should go up.
In 4 hour time chart, stochastic indicator is heading upward. Till last week USD/CAD was looking bearish. But from this week it is in upward trend. Price above 200 MA is also correlating with daily time frame.
Conclusion:- As charts shows buy trade in USD/CAD for Forex traders. I trade binary options and looks like it will stay well above 1.31799 for the end of the day( 23:00 GMT). So I am going to place a call trade here.
