ForecastCity

Don't miss the great buy opportunity in USDCAD

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3333). 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 resistance.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.

Take Profits:
TP1= @ 1.3375
TP2= @ 1.3405
TP3= @ 1.3452
TP4= @ 1.3488
TP5= @ 1.3530

SL= Break below S2

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ForecastCity English Support Team ❤️
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Comments

Lovely analysis,
+1 Reply
@Sir_Ray, Thank you! We appreciate your comment.🙏
Reply
very cool view, thanks for sharing
+1 Reply
@Kamryn, We're happy to help! 💙
Reply
This is great.
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thank you! We appreciate your comment.🙏
Reply
very helpful
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, Thank you for your comment. It is appreciated. 🍀
Reply
Thanks. I liked this chart. It's the right choice.
+1 Reply
@fxniki, We're happy to help! 💙
Reply
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