Hello,
Welcome to this analysis about USDCAD and the 2-day timeframe perspectives. In recent times USDCAD showed up with an important first impulse to the upside which has formed the first wave A from where on USDCAD moved on to continue forming this main descending-channel-formation in which it is consolidating and established a wave-count reaching from wave A to C which has almost already completed. Now as USDCAD showed up with this great bounce off the lower-boundary to the upside and now continued with a breakout above the upper-boundary of the descending-channel. This breakout now completed the whole formation as a bull-flag-formation from where USDCAD has the ability to build up on and continue further bullishly to the upside. When this happens USDCAD will appoint the upper target-zones within the 1.34 USD level marked in blue, once this zone has been reached the situation needs to be elevated anew and USDCAD needs to show if it manages to continue further bullishly or firstly shows up with a reversal, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about USDCAD and the 2-day timeframe perspectives. In recent times USDCAD showed up with an important first impulse to the upside which has formed the first wave A from where on USDCAD moved on to continue forming this main descending-channel-formation in which it is consolidating and established a wave-count reaching from wave A to C which has almost already completed. Now as USDCAD showed up with this great bounce off the lower-boundary to the upside and now continued with a breakout above the upper-boundary of the descending-channel. This breakout now completed the whole formation as a bull-flag-formation from where USDCAD has the ability to build up on and continue further bullishly to the upside. When this happens USDCAD will appoint the upper target-zones within the 1.34 USD level marked in blue, once this zone has been reached the situation needs to be elevated anew and USDCAD needs to show if it manages to continue further bullishly or firstly shows up with a reversal, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
Nota
ANALYSIS UPDATE: USDCAD finalized the whole flag formation with the determining breakout above the upper boundary.USDCAD since completing the whole flag-formation accelerated with the bullish price action dynamics to reach all of the projected target zones.
Trade ativo
ANALYSIS UPDATE: Since USDCAD bounced above the upper boundary of this gigantic, pivotal, and decisive bull flag formation, it managed to consolidate above the upper boundary and form a substantial bullish base from where it emerged with strong bullish upthrusts.Right now, it has already reached the initial bullish target zone from where further determinations need to be made.
Trade fechado: objetivo atingido
TRADING AND ANALYSIS UPDATE:USDCAD has completed the major bull flag formation with the breakout above the upper boundary. ✓
Since then, it continued with bullish alignments and bullish acceleration towards the upside.
USDCAD has reached all of the projected target zones leading to a strong surplus profit on the long side. 🚀
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►Professional Trader + Investor ►VP Premium Trading Channels: bit.ly/4bUD8N8 ►Telegram Daily Update Channel: t.me/VincePrinceForexGoldStocks ►$100 bonus, +$30,000 rewards, 0% maker fee link: bybit.com/en/sign-up?affiliate_id=19964
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.