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ForecastCity_EU
Mar 31, 2020 4:37 PM

Don't miss the great sell opportunity in USDCAD Short

U.S. Dollar/Canadian DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4185). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 1.4013
TP2= @ 1.3920
TP3= @ 1.3464

SL: Break Above R2
Comments
PatilsMoneytree
sara-kian-fx
Thank you for your insight.
Forecast_Crypto
keep it up!
Forecast_Crypto
Great analysis so far
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