Om Namah Shivay = I (am soul) respecting Shiva (Supreme soul)
USDCAD close up look seems a WXY down. The targets are reached as it seems. But there can have some alternatives.
This is just for educational purpose. No Trading advice here.
Om Namah Shivay
Om Namah Shivay
USDCAD close up look seems an impulse going down. The targets are reached as it seems.
Looks CAD is going to be stronger than dollar.
This is just for educational purpose. No Trading advice here.
Om Namah Shivay
Om Namah Shivay
USDCAD overall chart is a complete correction structure which is expected in currency market.
Looks CAD is going weaker than dollar.
This is just for educational purpose. No Trading advice here.
Om Namah Shivay
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.273). 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.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2605). 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...
US dollars to Canadian dollars
As long as the sub-number is 1.2727, the trend is still selling
Our team recommends that you be patient and enter the sell trades at 1.2665 and 1.2702. It should be noted that if a 2-hour candle gives a break above 1.2727, you should leave the selling positions.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2745). 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...
While extending Friday’s corrective pullback near the lowest since April 2018, USDCAD probes one week high. However, a confluence of 200-SMA and a falling trend line from November 13, 2020, can challenge the bulls. Although MACD suggests further upside past-1.2790 resistance confluence, the 1.2800 round-figure and the monthly top near 1.2835 will add to the upside...
