ForecastCity_ME

💡Don't miss the great buy opportunity in USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.313). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 56.

Take Profits:
TP1= @ 1.3220
TP2= @ 1.3285
TP3= @ 1.3340
TP4= @ 1.3420
TP5= @ 1.3505

SL= Break below S3

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ForecastCity English Support Team ❤️
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Comments

I like the excellent analysis.
+1 Reply
@Lizabet, Thanks for your comment. We're glad you like it.
Reply
This chart really came in handy for me. Thanks man
+1 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, We're glad you found it useful. Hope you get the most out of it.
Reply
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