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.
Zlecenie aktywne
Good fall as expected
Transakcja zamknięta: osiągnięto wyznaczony cel
USDCAD given exactly move we expected. Targets done.
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Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
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SCA Registered Analyst→Dubai
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SCA Registered Analyst→Dubai
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.