A weekly USDCAD trend reversal could be happening.
First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards.
Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength.
The Final confirmation for this setup will be a strong break and retest of that critical price structure, to signal an entry point.
First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards.
Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength.
The Final confirmation for this setup will be a strong break and retest of that critical price structure, to signal an entry point.
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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.
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.