ForecastCity
Long

A trading opportunity to buy in USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4040). 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.
. The RSI is at 62.

Take Profits:
TP1= @ 1.4115
TP2= @ 1.4261
TP3= @ 1.4667

SL= Break below S2
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Comments

Great analyse
+5 Reply
@Kamryn, Thank you
+3 Reply
Agree with you, nice idea
+4 Reply
ForecastCity Evgeniy2108
@Evgeniy2108, Thanks for sharing your opinion about it. we enjoyed your comment. 🙏
Reply
Great analysis 😊
+3 Reply
@Chnesty, Thanks 🙏
Reply
You are one of my favorite analysts!
+3 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, It's our pleasure. 👍
Reply
@ForecastCity always enjoy your posts.
+3 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, We enjoy your comments and thanks for your support.
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