Get started
Dana16

USD/CAD - 1.275 or 1.280 - Three Possible Scenarios

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Dana16  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance Trend Lines USD CAD Forex trading Technical Analysis tradeidea
9
5
trendanalysis supportandresistance trendline usd cad forex trading technicalanalysis tradeidea
At the moment, the price is approaching the resistance level which I expect to turn bearish.

If the trendline is respected, a breakout under 1.275, my targets will be: 1.265 and 1.260.

Note: the trendline resistance (1.275) might not be respected and price might move forward to 1.280 (horizontal resistance).

If you have a different view, please share, I would love to hear your analysis.

Related Ideas

Dana16
- USD/CAD - 4h - Down and UP -
Dana16 about USDCAD 12
Dana16
USD/CAD - The Resistance Level
Dana16
Strong Resistance USD/CAD - SHORT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.