USDCAD: Bullish Momentum in Play-Update
Price broke out above the descending trendline, showing bullish strength.
After the breakout, developed more and also completed a small bullish triangle pattern. USD is still weak but this price accumulation looks really good.
The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess. The U.S government shutdown is on its second week and nothing happened. Overall, the USD is stronger than before.
Key Targets:
1.4000
1.4050
1.4150
As long as price stays above the large pattern, the bullish scenario remains valid.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price broke out above the descending trendline, showing bullish strength.
After the breakout, developed more and also completed a small bullish triangle pattern. USD is still weak but this price accumulation looks really good.
The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess. The U.S government shutdown is on its second week and nothing happened. Overall, the USD is stronger than before.
Key Targets:
1.4000
1.4050
1.4150
As long as price stays above the large pattern, the bullish scenario remains valid.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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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.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.