USDCAD is currently trading just below a key breakout zone at 1.36991, with strong demand holding the 1.36000 - 1.36800 range.
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🔶 Technical Analysis:
✅ Support Zone (Demand):
The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest.
✅ Resistance to Watch:
1.36991 – immediate breakout level
1.39744 – mid-range target
1.42591 – major supply/TP2 area
🟣 Volume Profile & LuxAlgo S&D:
Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels.
📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers.
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🧠 Trade Idea:
🎯 Breakout Buy Setup:
Entry: Above 1.3700 (confirmation of breakout)
TP1: 1.3974
TP2: 1.4259
SL: Below 1.3640 (below demand zone)
📊 RR Ratio: ~1:2.5
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⚠️ Watch This:
📅 Upcoming USD news (marked below chart) could act as a catalyst
💥 Breakout above 1.3700 with volume = potential strong bullish rally
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📌 Summary:
USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key.
🚀 Are you watching this setup too? Drop your thoughts below!
#USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
---
🔶 Technical Analysis:
✅ Support Zone (Demand):
The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest.
✅ Resistance to Watch:
1.36991 – immediate breakout level
1.39744 – mid-range target
1.42591 – major supply/TP2 area
🟣 Volume Profile & LuxAlgo S&D:
Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels.
📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers.
---
🧠 Trade Idea:
🎯 Breakout Buy Setup:
Entry: Above 1.3700 (confirmation of breakout)
TP1: 1.3974
TP2: 1.4259
SL: Below 1.3640 (below demand zone)
📊 RR Ratio: ~1:2.5
---
⚠️ Watch This:
📅 Upcoming USD news (marked below chart) could act as a catalyst
💥 Breakout above 1.3700 with volume = potential strong bullish rally
---
📌 Summary:
USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key.
🚀 Are you watching this setup too? Drop your thoughts below!
#USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
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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.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
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.