USDCAD has been trading between a well-defined demand zone and a descending resistance line. Price has already reacted multiple times from both areas, which shows that the market is respecting these levels.
Recently, buyers stepped in again from the demand zone, pushing price back toward the resistance area. However, the market still remains capped under the descending resistance.
When price continues to move between tightening boundaries like this, it often signals compression. The next significant move will likely depend on how the market reacts around this resistance.
For now, the structure remains simple: demand below, resistance above, and price caught in between.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.
Recently, buyers stepped in again from the demand zone, pushing price back toward the resistance area. However, the market still remains capped under the descending resistance.
When price continues to move between tightening boundaries like this, it often signals compression. The next significant move will likely depend on how the market reacts around this resistance.
For now, the structure remains simple: demand below, resistance above, and price caught in between.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.
交易开始
Good fall as expected
交易结束：到达目标
USDCAD given exactly move we expected. Targets done.
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Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。