ForecastCity_EU
Long

Don't miss the great buy opportunity in USDCAD

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3575). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 1.3745
TP2= @ 1.3685
TP3= @ 1.3660

SL= Break below S2

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Comments

Thank you for your insight.
Reply
nice chart
Reply
Thank you!
Reply
Upvoted. looks good to me.
Reply
Your analysis is very accurate. Thanks
Reply
RamsKani Shiva_forex
@Shiva_forex, but still not touh 1.3575
Reply
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