š USD/CAD Correction Before Fall?
š Nearest strong support zone: around the 0.786 level of the upward wave.
š Nearest strong resistance zone: the 0.618 level of the upward wave.
š Technical environment:
- Moving averages: Downtrend
- MACD: Uptrend
- RSI: Uptrend (Divergence).
- Supertrend: Downtrend
š Price action: USD/CAD It has reached a key point on the chart we have again attacked the levels of 1.336 where we landed after the last downward wave, looking at the medium-term pro-growth bias of the dollar and the long-term uptrend on the Canadian dollar, I expect a retest of the area around the 0.618 level of the upward wave before continuing the decline.
š The scenario I'm playing out is to execute an upward correction before continuing the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
š Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
š If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. š
š Nearest strong support zone: around the 0.786 level of the upward wave.
š Nearest strong resistance zone: the 0.618 level of the upward wave.
š Technical environment:
- Moving averages: Downtrend
- MACD: Uptrend
- RSI: Uptrend (Divergence).
- Supertrend: Downtrend
š Price action: USD/CAD It has reached a key point on the chart we have again attacked the levels of 1.336 where we landed after the last downward wave, looking at the medium-term pro-growth bias of the dollar and the long-term uptrend on the Canadian dollar, I expect a retest of the area around the 0.618 level of the upward wave before continuing the decline.
š The scenario I'm playing out is to execute an upward correction before continuing the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
š Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
š If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. š
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š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.