mangang24

USDCAD - 7/19/21 Price Prediction

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
As we see, we are currently on a uptrend direction, with higher highs and higher lows for USDCAD on H4 time frime. By just using support and resistance lines as well with the bollinger band on the H4 time frame, we can clearly see that each new higher high has indeed touched and or broken the top bollinger band. Also to point out, on the monthy/weekly time from we have clear bullish candles to support our bullish momentum for the month. I would anticipate price reach 1.26321, with possible retracement back to inner trend line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.