Kiavash

USDCAD time to drop the booooooomb

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Personal analysis on USDCAD based on the daily and weekly timeframes. looking for a daily candle to close on its way down below the 0. 50% retracement level on weekly and around 0.38% retracement levels on the daily. We could see a reversal being done around these areas.

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Thanks for your great analysis!
Here is my view on USD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
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