USD/CAD Bullish Trade Setup: Key Support, Entry, and Target Anal

This chart is a technical analysis of the USD/CAD currency pair on a 3-hour timeframe. Here’s a breakdown of the key elements:

Key Observations:

1. Exponential Moving Averages (EMAs):

200 EMA (Blue Line) at 1.43318 – A long-term trend indicator.

30 EMA (Red Line) at 1.43135 – A short-term trend indicator.

The price is currently trading above both EMAs, suggesting a bullish bias.



2. Support and Resistance Levels:

A support zone (purple box) around 1.43010 to 1.43141 has been identified, which the price is expected to respect.

The target level (EA TARGET POINT) is set at 1.44511, indicating a bullish price movement expectation.



3. Entry, Stop Loss & Take Profit:

Entry Point: Near the 1.43318 level (current price area).

Stop Loss: Placed below the supp