Analysis of #USDCAD
The USDCAD looks to be out of momentum here and as you can see it failed to move to a new high.
the trend is still to the upside, but for the time being, I expect the market to move to break trendline resistance and move to the downside, might be just for profit-taking or a shift in the going trend.
right now: the market is not for a buy trade, as we have multiple resistance levels above the current level, and it's not for sell as we are near the support level.
Thanks for your continued support!
The USDCAD looks to be out of momentum here and as you can see it failed to move to a new high.
the trend is still to the upside, but for the time being, I expect the market to move to break trendline resistance and move to the downside, might be just for profit-taking or a shift in the going trend.
right now: the market is not for a buy trade, as we have multiple resistance levels above the current level, and it's not for sell as we are near the support level.
Thanks for your continued support!
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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.
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.