USD/CAD Bullish Breakout: Trade Hits Target Successfully200 EMA (Blue) at 1.43070: Represents long-term trend resistance.
30 EMA (Red) at 1.42660: Represents short-term trend direction.
Price has strongly surged above the 30 EMA, indicating bullish momentum.
Support and Resistance Levels:
Support Zone (Red area at the bottom): Marked near 1.42150, where the price reversed.
Target Resistance (Blue at the top) at 1.43672: Marking the expected profit zone.
Trade Setup:
Entry Point: Near the support zone at 1.42451-1.42660.
Stop Loss: Placed below 1.42150, to minimize risk.
Target Point: 1.43672, aligning with a previous resistance level.
Price Movement: A strong bullish breakout occurred, moving rapidly toward the target.
Trade Analysis:
✅ Successful Long Trade: Price moved sharply upward after consolidating at support.
📈 Momentum Confirmation: The strong bullish candles indicate aggressive buying.
🎯 Target Achieved: The trade reached the projected 1.43672 level, generating a solid risk-to-reward outcome.
Potential Future Outlook:
If the price sustains above 1.43672, further upside could be seen toward 1.44000.
If it faces resistance, a pullback toward 1.43070 (200 EMA) may occur before another move.
Usdcadbuy
USDCAD EA MAN UPDATE >READ THE CHAPTIANKey Observations:
Support Zone & Trendline: The price is currently pulling back to a support zone, aligning with the ascending trendline, which may provide a bullish reaction.
EMA Confluence: The price is positioned above the 30 EMA (1.43193, red) and approaching the 200 EMA (1.43167, blue), indicating strengthening bullish momentum.
Target Point: If the price holds at the support and resumes its uptrend, the next target is around 1.43803 - 1.43689.
A break and close above the recent high could confirm further bullish movement towards the target zone. However, if the support fails, a deeper retracement may occu
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2515).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.2602
TP2= @ 1.2646
TP3= @ 1.2731
TP4= @ 1.2787
TP5= @ 1.2872
SL= Break below S2
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 1.2446
TP2= @ 1.2481
TP3= @ 1.2529
TP4= @ 1.2572
TP5= @ 1.2591
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2347).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.2405
TP2= @ 1.2434
TP3= @ 1.2480
TP4= @ 1.2525
TP5= @ 1.2594
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BUY USDCAD!!!USDCAD has given us a beautiful retracement to the downside and this has given a great opportunity to take a long in this pair.
This region holds strong support(Weekly and Monthly) at prices that are supposed to bounce from here to the region of 1.38900 approx.
So, we can take a long position here :)
FOLLOW US FOR MORE!!!