USDCAD
Upward Trend and Consolidation: From mid-October to late November, there was a notable upward trend, which then entered a consolidation phase.
Recent Price Action: The recent candlesticks show a mix of green (bullish) and red (bearish) candles, pointing to market indecision.
Potential Reversal: Given the consolidation and trendlines, there's potential for a reversal in the trend.
Support and Resistance Usage: These levels can help identify potential entry and exit points for trades.
Recent Price Action: The recent candlesticks show a mix of green (bullish) and red (bearish) candles, pointing to market indecision.
Potential Reversal: Given the consolidation and trendlines, there's potential for a reversal in the trend.
Support and Resistance Usage: These levels can help identify potential entry and exit points for trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.