ForecastCity

Don't miss the great sell opportunity in USDCAD

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3255). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.

Take Profits:
TP1= @ 1.3190
TP2= @ 1.3113
TP3= @ 1.3018

SL: Break Above R2
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Comments

Great analysis!
+4 Reply
ForecastCity RandyFuego
@RandyFuego, Thanks for your nice comment.
+2 Reply
I truly feel like I am learning quite a lot from you! Thanks!
+3 Reply
ForecastCity Best_Forecast
@Best_Forecast, You're welcome. That's our pleasure.
+2 Reply
fxniki Best_Forecast
@Best_Forecast, I feel the same about all of them. So helpful.
+2 Reply
Thanks for publishing a great sell opportunity in USDCAD.
+2 Reply
@fxniki, you're welcome
+2 Reply
Thanks... I will keep an eye on this
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome. We are happy you found it useful.
+2 Reply
fxniki Forecast_Crypto
+2 Reply
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