Usdcaddaily
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.32392 where it could potentially react off and up to 1st resistance at 1.33342.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.32938 where it could potentially bounce further to 1.33359.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
TAKE NOTE- ANALYSIS ON USDCADFREE ANALYSIS ON USDCAD
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4 HOUR
USDCAD is making a pull back to the previous support level (now turned resistance) on the trend-line break at 1.33000, which is also a nice psychological level.
Things to consider:
1. Watch out out for the Zones as prices dropping below them will give signal for more downward move.
2. On the DAILY chart price is testing the 200MA level, this could confirm the downward continuation.
3. Watch out for the breaks in the trend line for more SELL opportunities.
4. Stoch RSI also making a bearish divergence.
Wait for break in trend line for sell down.
OVERALL
Expecting more downward momentum.
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USDCAD approaching resistance, look out for potential reversal!
USDCAD is approaching its resistance at 1.32387 where it is could reverse down to its support at 1.31544.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching resistance, look out for potential reversal!
USDCAD is approaching its resistance at 1.31554 where it is could reverse down to its support at 1.31114.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.31554 where it could potentially drop further to 1.31114.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.31554 where it could potentially drop further to 1.31114.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.