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.
Transaction en cours
Good fall as expected
Trade fermée: cible de profit atteinte
USDCAD given exactly move we expected. Targets done.
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SCA Registered Analyst→Dubai
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SCA Registered Analyst→Dubai
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.