ForecastCity
Long

Don't miss the great buy opportunity in USDCAD

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.396). 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 RSI is at 46.

Take Profits:
TP1= @ 1.4015
TP2= @ 1.4045
TP3= @ 1.4115

SL= Break below S2
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Comments

Already hit SL.
+6 Reply
@DakLah, Please read about the reverse direction here: http://www.forecastcity.com/en/node/119
+1 Reply
Sadly this one dumped, I had the same analysis but hit stop
+4 Reply
@h1fx, Basically trading is like mathematics and probability...

And we have to run it for LONG-RUN!

DO NOT BE SAD (or happy)! Do it Like a ROBOT!
Reply
@h1fx, Thanks fort following us.
Reply
We really do appreciate your efforts and analysis.. Thank you🙏
+3 Reply
ForecastCity Erickngugi
@Erickngugi, You're welcome
Reply
Good idea
+3 Reply
@chag95, Thanks. we hope you enjoy it.
+1 Reply
I think I'm gonna trade this one, thank you for sharing this Amazing content.
+3 Reply
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