Hello,
The weekly for the USDCAD is showing a potential bounce from around 1.37805. However, price is below 200 MA for D, 4HR & 1HR; Weekly and Monthly are still strong bullish for 200 MA.
I would like to see a hammer followed by a bullish engulfing candle as in past weeks - that would put me in a buy position targeting ~1.43566.
Price currently is trying to bust out of resistance set from Oct of 2022.
For the short game, price is almost touching the Hourly 200 MA.
As always, we'll wait and see and go with the flow!
The weekly for the USDCAD is showing a potential bounce from around 1.37805. However, price is below 200 MA for D, 4HR & 1HR; Weekly and Monthly are still strong bullish for 200 MA.
I would like to see a hammer followed by a bullish engulfing candle as in past weeks - that would put me in a buy position targeting ~1.43566.
Price currently is trying to bust out of resistance set from Oct of 2022.
For the short game, price is almost touching the Hourly 200 MA.
As always, we'll wait and see and go with the flow!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.