USD/CAD – Week 32 – Corrective week ahead.
In our previous forecast, we correctly anticipated that USDCAD will reach the resistance area.
For this week we expect the price to slowly increase, as we find ourselves in the middle of a corrective wave. After this move is completed, we expect the price to drop one more time, before resuming the bigger trend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week we expect the price to slowly increase, as we find ourselves in the middle of a corrective wave. After this move is completed, we expect the price to drop one more time, before resuming the bigger trend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related Ideas
