Usdcaddaily
USDCAD might reverse very soonUSDCAD is facing stiff resistance at the 1.3300-1.3340 area which is expected.
At this point, both the sellers and buyers are on the sidelines waiting for a move to happen.
In my opinion, price will reverse very soon. However, there might be a fake breakout of the resistance level to generate some liquidity before dropping.
I have already executed sell orders and I will look to add some more if I see rejection or a fake breakout at the resistance
USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
Nice push to the downside with USDCAD. Looking like bears are in control. Potential shorts soon. It's still too early to tell right now. We need to see is USDCAD can pull back to the upside a bit. I still believe we could push up and retest the outer trend line still.
USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
Looking very interesting, but also looking a bit tricky at the moment. Going a bit sideways right now. Way to early to even think about getting in a trade with this pair right now. We need to remain patient and let the market show us its true direction.
CATHC THE DROP ON USDCADANALYSIS ON USDCAD
Welcome to my analysis
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4 HR CHart
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Interesting Point of interest In the USD/CAD pair.
- Price below 200 day EMA.
- look for sell signals.
- possibility of 1 more move to the upside.
- Watch 1.31150 for sell signs.
- MACD showing hidden bearish divergence
Long term i am expecting move to the Downside. Will update soon
Stay Tuned